By Byanka Olivarez Gomez

Managing money in college can be tricky, especially with the added pressures of academics, social life, and adjusting to a new environment. Balancing these while trying to control your finances can be a challenge, but there are ways to make it easier. Here‘s how to stay on top of your finances:

• Find Scholarships
  • Scholarships are a great way to reduce the financial burden of college. There are many scholarship options available that are aimed at your major, cultural background, interests, hometown, and more. Don’t overlook the smaller scholarships that are available as well. There is no harm in applying for as many scholarships as you can.
• Make a Budget
  • Creating a budget is essential for managing your money. Start by tracking your expenses, such as rent, groceries, transportation, and other recurring costs. Then, look at how much money you are making through aid or work. From there, categorize your expenses and set limits for each. This will help reduce overspending on unnecessary expenses. 
• Get an On-Campus Job
  • An on-campus job is a convenient and flexible way to make money without compromising your academic schedule. There are many job opportunities on campus! These jobs require little to no experience and allow you to give back to your campus community. Stacie Hays in the Krone Center is an excellent resource for finding on-campus employment. 
• Watch Your Loans
  • While loans are often necessary to find your education, it is important to be mindful of how much you are borrowing and how much interest you will be paying after graduation. Before taking out loans, understand the terms: interest rates, repayment schedules, and deferment options. Only take out loans if you need them. If you are unsure about which loan option is best for you, make an appointment with the Financial Aid Office. 
• Seek Financial Help
  • Many students struggle with understanding finances. The Financial Aid Office is a great resource for navigating your finances. This resource can help you create a financial plan, help you understand your loan options, and assist with anything you are struggling with. Don’t hesitate to seek help if you are feeling overwhelmed.