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- About the NFEC
Congratulations! You’ve made it out on your own, and you’re studying for a new career and to fulfill your dreams. But going to college takes money….and you might be making money in a job at the same time. How do you manage it all? How do you pay for school? Here are some tips for being money smart while you’re in college:
Money smart college students:
- Take charge of their lives and their money with a plan.
- Take action to reach their goals.
- Control their spending.
- Get organized with their finances.
- Protect their personal information to be proactive about identity theft.
- Keep track of banking information.
- Identify wants vs. needs.
- Pay themselves first by saving.
- Know the power of compounding.
- Understand financial aid and are smart about student loans.
- Understand credit and use it only if it’s right for them.
- Know why a good credit score is just as important as an academic GPA.
- Make all payments on time.
Resources for money smart college students:
- UNL Student Money Management Center – http://www.unl.edu/smmc
- Creighton University Financial Literacy – http://www.creighton.edu/financialaid/financialaidinfo/financialliteracy/index.php
- 360 Degrees of Financial Literacy – http://www.360financialliteracy.org/Life-Stages/College-Students
- MyMoney – http://www.mymoney.gov/category/topics1/going-college.html