Financial Independence

Spending aid money on a car and working too many hours can jeopardize academic success
By Kim Clark, US News & World Report

Many college students still rely on their parents for financial support throughout most of their college years. It used to be a bit more difficult in past years to “share” money but in today’s society there is many more option for making money available to far-away college students. One of the more common ways for parents to ensure students have access to funds is by establishing a joint bank account, either checking or savings, where both the student and the parent can make deposits and withdrawals conveniently.

READY TO CHARGE?

By Tom Hartwell, The Vicksburg Post

[03/26/08]

Some teens prepared to use plastic, some not

Felicia Jacobson said alarm bells rang when a student came into her office one day elated: she had just gotten a credit card.

"She said, 'Ms. Jacobson, Ms. Jacobson! Guess what?'"

Jacobson, director of Vicksburg High School's career center, said she was troubled to learn the student celebrated getting her new credit card by going on a small spending spree with her boyfriend.