Student Financial Aid Note: Manage Your Money

Students can avoid debt problems by using pre-paid cards to manage student funds:

budget your monthly spending amounts
avoid interest rate charges
avoid getting into credit and debt problems

manage your account online
build up your credit reporting history
use where credit cards are accepted

Student or parent gets a prepaid card for student's use in college (approval guaranteed). Student or parent adds spending money to the card.

Student uses card to buy food, supplies, pizza, etc., at any merchant that accepts MC/VISA cards.

Student or parent can monitor pre-paid account electronically for budgeting purposes. Pre-paid cards can help maintain a spending budget.

Student or parent can reload the card with additional monthly spending funds as needed.

Using pre-paid cards protect the student from accumulating credit card debt.

Students can use pre-paid cards to build a credit history for future credit approval on auto loans, employment, home mortgages, etc.

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