Additional Financial Well-Being Resources

Helpful Financial Resources

College Debt

• Paying off interest while in college (not compounding interest)
• Avoiding unnecessary extra debt
• Considering post bachelor’s debt (grad school, medical school or law school as well as certifications)
  • Ways to offset through assistantships or having company pay for continued education
• Loan forgiveness working for public sector
• Military benefits for education

Credit Card Debt

• Should have a credit card to accumulate credit (for larger purchases after college)
• Don’t spend more than you can afford (pay full amount off when due)
• Get a card that has the highest level of return (points/cash/miles) with no fee

Income while in college (on and off campus jobs)

On Campus - Intentional learning outcomes/career readiness/employability opportunities

• Work Study vs. Hourly
• Flexible for college obligations (academic and clubs/orgs/activities)
• Potential opportunity to work for higher education

Off Campus - higher potential hourly wage

• Possibly less flexibility’
• Possibly less intentional learning 
• Potential opportunity to work for higher education

Daily habits impacting budget

• Necessities/Must Haves vs. Wants/Desires/Unnecessary
• Tracking spending habits
• Food/Drinks
• Alcohol/Tobacco
• Entertainment
• Grooming
• Gifts (family, significant other, friends)
• Toiletries
• Housing & other expenses (gas, water, electric, internet/cable)
• Technology (cell phone, computers/tablets)
• Dues for associations or clubs

https://mcclellandinstitute.arizona.edu/sites/mcclellandinstitute.arizona.edu/files/ResearchLink_APLUS_2.3_0.pdf 

Scholarships & Financial Aid

• Need based scholarships
• Merit based scholarships
• Emergency funding/scholarships
• Financial Aid

Student financial tracking systems