college / credit / money management

Understanding Your Finances: The Guide for College Students

Understanding Your Finances: The Guide for College Students


Here’s what we cover:

  1. How to pay and save for college

  2. Getting college scholarships and grants

  3. Managing your credit score as a student

  4. Best financial advice for college students

And some of the insight we explore:

  • Private student loan debt volume hit an estimated $12 billion in the 2020-2021 academic year.

  • The average monthly student loan payment was $300 before the White House instituted the repayment moratorium (the suspension is in place through May 1, 2022).

  • To help reduce discrimination in credit scores, the US Government passed the Fair Credit Reporting Act (FCRA), which helps ensure the fairness, accuracy and privacy of your credit information.

 This comprehensive guide is geared to college students but covers a lot of personal finance information that is applicable for all adults.

Source: Financial Planning for Women