Big Money on Campus
The college experience offers new adventures nearly every day. And there are great opportunities too, like really learning about the realities of financial independence.
There's no doubt that money and college go hand-in-hand. From the moment you learn that you've been accepted at a school, the work shifts from filling out admission applications to completing financial aid and scholarship forms. Figuring out how you're going to pay for college can be just as challenging as studying for the SATs.
Don't worry, we have a number of resources to help you find the money you need. Check out these articles:
College Tuition: Making it Happen
Looking for Scholarships
How to Apply for Federal Financial Aid
All About Student Loans
University of Temptation
Once you arrive on campus, you may find that your money doesn't stretch as far as you like. There are countless ways to spend money: late night pizza deliveries, triple shot espressos, and movie tickets. If you're not careful how you spend your money, sooner or later you may have to decide whether you want to eat or buy a required book.
The key is balancing what you want, with what you need. Be aware that small expenses (i.e. coffee drinks) can add up quickly. Bigger expenses (i.e. concert tickets), can leave you broke for the month. A report published by Student Monitor revealed that undergrads spend an average of $208 a month on discretionary spending. That adds up to more than $2,000 a year per student. Enough for a down payment on a car!
So before you step onto the campus, be prepared. Learn as much as you can about the financial situations that affect you, so you can make the best decisions possible. Plan ahead, take control of your money, and use this time to develop positive financial skills. A little work today can really pay off for the rest of your life.
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