Dinero Teens: Your College Prep Checklist

You’ve decided on a college and sent in your enrollment deposit — now it’s time to organize your finances and prepare for your move. Moving away to college may be the first time you’re living independently and making your own financial decisions. Here’s everything you’ll college need to know to prepare:

PREPARING FINANCIALLY
 

• Discuss finances with your parents to develop a financial plan and better understand your own responsibilities. Do you have scholarships, grants, private loans or savings?
• Accept your financial aid offer if you received one. Remember, you can appeal your offer to increase aid if necessary. Don’t forget that you need to complete the Free Application for Federal Student Aid (FAFSA^®) every year.
• Complete your student loan paperwork if you need a loan before the semester starts.
• Call your college and ask about available on-campus jobs. There may be work-study or part-time job opportunities.
• Create a budget to ensure your basic needs will be covered (books, food, events, fees, etc.).
• Set up a checking and savings account if you don’t already have one. Some banks offer checking accounts with low fees and overdraft protection. Check out Advancial’s Ultimate Checking account, which offers no monthly service fee and unlimited free ATMs.

Do you have questions about student loans, checking and savings accounts or any other financial matters? We’re here to help. Visit us online at advancial.org/dineroteens for helpful information.
 

 
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