Intelligence

What College Freshmen Need to Know About Managing Their Bank Account

Reporter: Sheryl Nance-Nash

Publication: Newsday

Contact: sdnn@rcn.com

Deadline: Jun 7, 2017 7:00 pm

A new study shows the median overdraft fee for checking accounts is $35, and the average college student overdrafts 2.2 times per year. With over 11 million full-time undergrads as of 2016, this could mean more than $722 million annually in overdraft fees. That’s an increase of almost $19 million over last year. They are paying millions more for late fees. I want to hear from certified financial planners and other financial experts, especially from Long Island the NYC metro area. What are your top tips for college freshmen about staying on top of their bank accounts, credit cards, etc. — managing their money…Send me your thoughts.

Read Article: http://www.newsday.com/