student budget

It's not lost on anyone who lives in America that debt has huge ramifications. But that doesn't necessarily make it any easier to avoid. We've provided few tips to help your student stay out of debt in college.

It's no surprise that it's expensive to go to college. According to the College Board, it costs more than $15,000 a year to attend an in-state public university, and private colleges can cost nearly $40,000 a year. As you and your student look into financial aid and scholarships, budgeting is an immediate and active step your student can take to stretch each dollar and establish responsible spending.

New college students have a lot to learn about life on their own. Simultaneously, they are facing many challenges as they adjust to new lifestyles and campus patterns of living and learning. Many college freshmen – indeed, some transfer students as well – will deal with day-to-day costs they never before experienced.