Opening and managing a checking account is an important student money management
lesson. For many college students, having a checking account is a new experience.
Learning how to balance and manage a checking account is a great way to develop
basic money management skills.
Many banks offer free checking accounts for students. As soon as you get your student
ID card, you will be able to apply for one of these accounts. When you are researching
your options, look for a student account that is truly free. The best accounts require
small opening balances, do not charge for printed checks, do not charge a monthly
maintenance fee and do not accumulate fees for debit or card transactions. Be careful
of "hidden costs" or offers that sound too good to be true.
Questions to Ask When Opening a Student Checking Account
Does the account include overdraft protection?
How much money is required to open the account?
Is there a monthly fee?
Is there a transaction fee for debit card transactions?
Is there a charge for withdrawing money from an ATM machine?
What is the fee, if any, for checks?
Will I have 24/7 access to telephone banking?
Will I have access to online banking? Is there a fee?
Will I receive statements via mail or electronically?
First-time community college students in California may be able to get a discounted, or even free college education thanks to a new "California College Promise" law. The point of the program is to "create the environment and alignment that will help students finish college." [...]
The University of Wisconsin may soon implement a policy that would suspend, and eventually expel, students who repeatedly disrupt campus speakers with opposing views. The policy also states that protests that disrupt the ability of others to listen or engage with free speech will not be allowed and "shall be subject to sanction." [...]
Students and families who use Scholarships.com as their one-stop shop for free college and financial aid information and opportunities is the reason why we are thankful. As a way of saying thanks, we’ve come up with a way for you the squash student loan debt with these November Scholarships. For even more scholarships in November, click here. [...]
