We recommend that parents discuss money and credit management with their students. Students need to set up a budget and learn to live within it. Students should not use credit cards or borrow from student loans to purchase unnecessary items. If students have a credit card, they should repay the balance every month. Students should pay all bills in a timely manner to build their credit.
There are numerous resources on our site for students to use in order to learn about money management. They can also visit the Financial Aid Office to receive individual counseling.