I’m worried I might get into financial trouble in college. What should I do?

    Published: 06-16-2009
    Views: 10,568
    Financial advisor Brad Barnett discusses what to do if you’re worried you might get into financial trouble in college.

    Brad Barnett

    Brad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business.  He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health.  He has been involved in the financial aid and/or rehabilitation professions for the past 15 years. Brad, a Past President of the Virginia Association of Student Financial Aid Administrators (VASFAA), currently serves as the Senior Associate Director of Financial Aid & Scholarships for James Madison University.  Immediately prior to JMU, he served as an Assistant Director of the Financial Aid Office at Virginia Commonwealth University.  Brad has presented numerous sessions at state, regional, and national conferences, and has served on a variety of association committees.  In addition to speaking at professional conferences, Brad has conducted an abundance of workshops and presentations in non-conference environments, including teaching a credit based financial literacy course at JMU entitled “Dollars and Sense.”  Many of the topics Brad’s speaks on include communication, leadership, values, financial aid policies and procedures, financial literacy, and saving for college.  He has also facilitated strategic planning and value development retreats.

    Host: I m worried I might get into financial trouble in college. What should I do?

    Brad Barnett: Now, this is a big problem for students who are just starting college. It's a problem for the students who are in college as well but what we really hope is that by the time you start as afresh, that you had some responsibility for your money, if not, then you need to talk to your parents before you go to school and work out a system on how that can take place from developing a budget, to learning how to using a checking account, to learning about a debit card, how to avoid credit card debt, taking out unnecessary loans. The sooner you get a handle on this, the more affordable college is going to be and the better your life is going to be after college because you won t be paying off unnecessary debts. If you need assistance and you are in college talk to your financial aid office. Most of offices are there to help you learn how to do these things.