Finances are a big part of the college experience

BIG RAPIDS, Mich (WOTV) Campus of Ferris State University in Big Rapids getting ready for the 2014-15 school year.  It’s a similar scene all across the country, some students getting ready to return to school, some going to college for the first time. It’s a time of excitement, stress and anxiety.  Ferris State University has 14,000 students at 20 different locations across the state.

One big thing all families face as a student heads to college is footing the bill. Financial advisors stress that paying the bill is what families should be focusing on right now. University advisors can help families figure out loan information and where to seek help if they need assistance paying the tuition bills. All of Ferris’ financial billing information is done online, so students need to make sure they have granted access to their parents or the bill payee to get access to those accounts. While starting college is an exciting time, learning the campus, meeting new people, it’s best to get the financial information taken care of right away.

Fifth Third Bank also has some financial tips to share:
1. Go to the bank and open an account with a parent as a co-signer

2. Parents and students should open a  small credit card to build up credit and for use during emergencies

3. Parents should talk to children about basic finances

4. Make sure you keep financial information secure

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