Going to College
Heading off to college is a time for new experiences, exploring academic interests, meeting new people, and embracing newfound financial independence. However, financial independence comes with its share of risks and rewards. Are you prepared to make wise and informed financial decisions? Do you know how to recognize predatory credit offers? Can you balance a checkbook? Do you have a savings plan? Do you understand your financial aid and how it will be repaid?
Smart financial choices you make today could help you can achieve that new car purchase, or sail through an apartment lease or mortgage application. However, money mistakes when you're just starting out can leave you in debt and ruin your credit score.
3 Steps to Financially Prepare for College
- Establish a Checking or Share Draft Account
- Beware of Common College Scams
- Understand Financial Aid