Most university and college students have been back in class for a few weeks now and no matter how optimistic they might have been at the start of the school year, it’s likely they’re already starting to feel the constraints of school budgeting.
Even if you have a job during the school year, there’s no way to work as many hours as you would during the summer and that – combined with the drastically increased costs that come with having to pay for classes, textbooks, rent, transportation, food, and everything else that comes with being a student – means that you’re probably starting to feel the pinch in your pocket.
We’ve compiled a list of posts on saving money as a student that we hope will help you with your school budgeting so you can stay on track as you pursue higher education!
Continue reading “Crash Course on Back To School Budgeting”
One of the most important things you can do as a legal adult is find way to build your credit score so it’s as favourable as possible. A good credit score is the key you need to unlock pretty much everything that requires getting a loan of any type at a reasonable interest rate.
A common way to build your credit score is by taking out an instalment loan (often for a bigger purchase like a car or a mortgage for your house). But what if you don’t drive or can’t afford a car? And what if you’re not ready to buy your own home?
Here are some other ways you can start building your credit score:
Continue reading “Build Your Credit Score without Car Loan or Mortgage”
Delinquency/Default – You are considered a loan delinquent if you fail to make loan payments when they’re due. Extended loan delinquency eventually leads to loan default, in which you fail to repay your loan according to the agreed upon terms. Student loan delinquency and default can very negatively influence your credit score and credit history (affecting your ability to take out any other loans or types of credit in the future).
Continue reading “Student Loan Key Terms”
It can be tough to know how to build a solid credit score when you’re just leaving high school and finally entering the so-called ‘adult’ world for the first time. We’ve come up with a list of tips to help you establish good credit from your first day on campus onward.
Continue reading “Establish Good Student Credit”
Getting accepted into the University or College of your choice is one of life’s happiest moments for most students – at least until they realize how much it’s going to cost. Post-secondary education is notoriously expensive, meaning the average student has to take out at least one loan in order to go to school.
We break down two of the most popular options – the government loan and the student line of credit – to help you figure out which one makes the most sense for you.
Continue reading “Student Loan or Student Line of Credit?”