Tips for Managing Money in College

June 17, 2019

Financial aid and scholarships help millions of college students worry less about tuition, but that’s only part of the cost of college. Living expenses, from room and board to books to fees, are a major investment – up to 70% of the cost of attendance. That’s why it’s vital to start building a budget and developing healthy financial habits now, not waiting until after graduation. Unfortunately, with everything going on in your life – from heavy course loads and campus activities to jobs and family – it can be overwhelming to know where to start.

We asked financial professionals across the country to tell us about their go-to tips for managing money in college to help take out some of that guesswork. Their answers cover a number of important topics faced by college students who may be living on their own for the first time, and lay the groundwork for major post-grad decisions and long-term financial health.

Use these tips to start building your financial well-being. The sooner you start, the better your future will be.


Piggy Bank

Student Loans

Building Credit

Two More Things College Students MUST Know

(The same is true for scholarships: many awards, like the Scholarship America Dream Award, are available for those already managing money in college. Read our guide to finding them.)

Back To Top