College Students Get Practical Guidance on Credit, Budgeting and Loan Management

Student Connections director Sara Wilson says college is a pivotal time to form solid money habits that will shape future financial security. Credit Karma consumer advocate Courtney Alev recommends opening a secured or student credit card, using it responsibly and paying off the balance each month to establish a strong credit score. Financial therapist Lindsay Bryan-Podvin suggests dividing monthly expenses by four to set weekly savings goals, making budgeting easier amid fluctuating income.

Building an emergency fund before considering investments is also advised, with enough cash to cover rent and essentials for several months. Open conversations about spending with friends can reduce peer pressure, while understanding loan amounts and repayment plans helps avoid surprise debt. Finally, Phil Schuman highlights that campus resources such as financial-wellness offices can provide free, non-judgmental guidance on budgeting and aid questions.