Personal Finance

Towards a Healthier Financial Future

Topic: "Student Finances"

← Curating the web to find the most interesting and helpful information about your money.

Infographic of the week

Visualizing the Global Education Gap

The global education gap refers to disparities in educational access that exist between higher- and lower-income countries. It exists for various reasons, including lack of resources, political instability, and outdated technology.

Visualizing the Global Education Gap The Hinrich Foundation provides visual context to the global education gap →

Did you know?

According to Sallie Mae’s How America Saves For College, families reported spending an average of $28,026 on college in the academic year 2022-23, an 11% increase from $25,313 in 2021-22.

How America Pays for College 2023 →

Word of the week

FAFSA®

You need to complete the Free Application for Federal Student Aid (FAFSA®) form to apply for federal student aid such as federal grants, work-study funds, and loans. Completing and submitting the FAFSA form is free and easier than ever, and it gives you access to the largest source of aid to help you pay for college or career school.

What is the FAFSA® form and why should I fill it out? →

Infographic of the week

Ranked: Median Student Debt for a U.S. College Degree

According to the Federal Reserve, student loans added up to $1.6 trillion in Q2 2023, making them the third largest category of U.S. household debt behind auto loans ($1.8 trillion) and mortgages ($12 trillion).

Ranked: Median Student Debt for a U.S. College Degree The Visual Capitalist ranks student debt by U.S. college degrees →

Budgeting

6 money moves to make in your 20s from CNBC: 1) Create a budget and stick to it 2) Build a good credit score 3) Set up an emergency fund 4) Start saving for retirement 5) Pay off debt 6) Develop good money habits

Making smart money decisions in your 20s has long-term benefits →

Budgeting

New York Times Quiz The newspaper wants to help young people get a better handle on their money. To begin, we want to hear from you.

Complete their short quiz, to let them know what your biggest questions are when it comes to personal finance →

Budgeting

Building a budget helps you manage how you spend your money. When you control your spending, it’s much easier to achieve your financial goals, whether that is to save, pay off debts or simply live within your means.

Building a Budget: Helpful Tips for Students →

Saving

How soaring rents are transforming student life. Student debt is a growing problem in Canada - one that’s set to get worse in the coming years.

Saving Podcast: Stress Test by columnist Rob Carrick on how soaring rents are transforming student life →

Budgeting

You made it to university and you get to decide which courses to take, which clubs to join and what to eat for dinner. Also: how much money to spend

9 budgeting tips for university students →

Did you know?

At the national level, full-time graduate students paid, on average, $7,437 for the 2022/2023 academic year, whereas undergraduate students paid $6,834. This represents a 1.7% and 2.6% increase, respectively, from the previous year.

Tuition fees increase for Canadian undergraduate and graduate students →

Budgeting

Attending university is the first time that many Canadian students get to practice real-life budgeting.

Best budgeting tips for university students in Canada →

← Curating the web to find the most interesting and helpful information about your money.