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Written by Carrie Johnson (former SDSU Extension Family Resource Management Specialist).

College is one of the largest expenses you will have in your lifetime. It is an investment that will pay off in higher income, expanded career opportunities, and greater personal satisfaction throughout your life.

As a college student, venturing out on your own for the first time you are now responsible for paying some of your own expenses. This may be with money you earn from work, financial aid (grants, scholarships, loans), money you have saved, or money given to you by your parents. You must learn to manage your money now that you have officially become an adult. Below you will find some resources and information to help with this along with additional information on financial aid and student loans.

Money Management

Courses offered by SDSU:

  • (CA110) Individual Financial Literacy: Introduction to personal financial management. Topics covered include banking; budgeting; and financial statements.
  • (CA111) Individual Financial Management: Introduction to personal financial management. Topics covered include leasing and buying; credit cards and credit management; and time value of money.

Other money management resources:

  • Cash Course: Financial literacy is an essential life skill for the 21st century. This is especially important for college students who on campus and in real life will have more financial choices and opportunities to be made than any generation before. NEFE is responding to this challenge by offering to college students and recent graduates this website that contains comprehensive, non-commercial information to help their financial decisions be informed ones. This website focuses on a variety of topics including financial basics, paying for college, college life, and the world of work.
  • This site is specifically designed for college students to provide tools and resources to help students manage their money.
  • Consumer Financial Protection Bureau: Paying for College: Offers information to students about deciding what type of bank account you should start once you are in college.

Renting Property

Renting a house or apartment after living with your parents and/or dormitory can be very exciting and stressful. Check out the following resources for information on renting:

  • South Dakota Consumer Handbook: Landlord – Tenant Issues begins on page 46 of the document.
  • Tenant rights, laws, and protections: View current laws for South Dakota relating to landlords, properties, and tenants.
  • Renters Insurance: To protect yourself from loss of your personal property, you will want to look into taking out a renter’s insurance policy. These are typically inexpensive as they only cover the loss of your personal property and not the loss of the structure itself.

Paying for College

Student Loans

  • The National Student Loan Data System (NSLDS): The U.S. Department of Education’s central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of Ed programs. NSLDS provides a centralized, integrated view of Title IV loans and grants.
  • Department of Education Loan Program: Find information on Direct Student Loans.
  • Federal Student Aid: Find information on preparing for college, types of financial aid, what aid you may qualify for, applying for aid, and managing student loans.

If you need to submit a complaint regarding your loan holder’s practices, visit the following websites:

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