Test Your Knowledge of Financial Preparation for College Students
The months before your child leaves for college can be an exciting time. Aside from ensuring that your student has all the basics, such as sheets and towels, it is important to prepare him or her financially as well.
Which of the following can help financially prepare your child for life in college?
A. A bank account with access to cash and a debit card
B. A credit card for expenses or emergencies
C. A budget
D. Health insurance
E. Legal documents (e.g., health care proxy, durable power of attorney)