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Dos, Taboos, and Other Peculiarities of Student Life in College

Student life in college is a period when highschool graduates become more independent and self-reliant. As a rule, students want to seem adult, though few of them can be really considered adult. Intellectual and academic skills are not taken into account when talking about independence. A person has to make decisions and bear responsibility for his/her actions. Sometimes people lack these features even when they have grandchildren. However, student life in college is the most appropriate period to prove yourself and others that you can do everything on your own.

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Is a Student Credit Card Actually a Credit Trap?

Your bright-young-thing goes to college as a student, away from home for the first time, full of the thrill of freedom. And she needs money to spend. While teaching her to manage her money, very often the question is – is it ok to let her have access to huge amounts of credit in the first place? Is it OK to give her a student credit card? Credit card companies are among the first to line up at her door with their attractive offers including freebies, zero interest offers, etc. Before you know it, the student credit card becomes a family liability – a credit trap from which it is difficult to escape. What should one know about credit cards for college students in order to avoid this credit trap?

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The Fury of Financial Aid

Make sure to use your PIN to check the SAR on your FAFSA and see if your EFC will qualify you for a PELL grant.

Say what?

If you’re having trouble navigating your way through the modern financial aid system, you’re not alone. Finding, applying and receiving different types of financial aid can be one of the biggest headaches associated with college-bound children or grandchildren. But it doesn’t have to be that way.

With only a little know-how and some financial planning, you can easily find your way through the maze known as financial aid. The confusion above can disappear with just a small amount of studying. (Besides, your kids are expected to study hard the next few years, so you should set a good example!) One of the most crucial pieces of advice that college planners have to offer is to ALWAYS apply for financial aid, even if you believe you won’t qualify.

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