College Students struggle with Money Management

Reporter Nikki Muller meets with college students, fresh graduates and financial experts to discuss why young people need to become better money managers. The average debt per graduating college student in Massachusetts is $19,000. Even those who work struggle to keep up with loans and basic budgeting skills.

Category:

News & Politics

Tags:

• college
• students
• budgeting
• skills
• debt
• loans
• money
• management

[MintScribble]

How are people with 500$ rent supposed to survive a semester, plus food and 60$ phone bill, and 100$ hydro bills, with only 3,200 a semester of financial aid. PLUS, while being an art student, which means expenses vary up to 400$ a semester for supplies and textbooks. I literally limit myself with everything, but it's still not enough. I cook my food, and hand-wash my laundry....

[kaunas88]

I suppose that colleges are not interested that their students learn about personal money management or they might realize that the whole college/student loan business is very dangerous and often a terrible return on investment. Much better to keep the students in the dark, and have them take out mega loan to pay for overpriced colleges.

[HayateAzekura]

No it's people fault that they can't handle credit cards. I have 4 credit cards

Chase

US Bank

Wells Fargo

Bank of America

a total of 30,000 in credit. But I have only put about 500 in them total. Oh and I am 25. I have also purchase a new Honda Civic 2010. It's people fault that they can't handle their credit cards.

[kadeem121]

living within a budget is what creates strong economies!! living with a credit card creates financial slavery remember that Americans!!!

[PATSDESIGNS]

COST IS $1.75 MATRIX CONTACT ME FOR QUICK GENERATER WITHIN ONE TO TWO MONTHS. DO NOT TAKE MY WORD FOR IT SEE FOR YOURSELF.! EMAIL ME CASHBACKINCOME G MAIL DOT COM cost $ 1.75

[smsquared1]

We would like to invite you to our network of frineds, colleagues, and young professionals. Tell us why you stand from the crowd of job seekers in your field.

-Best

SMsquared

[WoWZackot]

god this videos are a pain.... audio wise its dreadful .... only the left speaker really?

[meshelbery]

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[dnr216]

You know I was reading these comments and as a college studnet myself... I have had to make sooo many sacrifices. If people are looking for options you can do the net10 that the person below wrote about. But that is more minute by minute. I do the net10 unlimited because I need to talk and text for studying and just social reasons a lot. Its only 50 dollars a month> I cant imagine anything with lower costs. I assume the phones are the same in perminute/pertext and if so... that is just fantasti

[avataz]

@conservative608 No he isn't. I've had a credit card since I was 18 and have never paid a dime in interest or penalties. Just don't charge what you can't pay back. Bunch of fools