Financial experts advise college students to plan for their financial future as the school year begins. Students face significant financial decisions each semester, including choices about student loans, credit cards, and emergency savings. Reviewing financial aid options is a key first step, according to an associate professor of economics.

Filing a new FAFSA form every year is recommended to access federal student loans, which typically offer lower interest rates and potential debt-forgiveness options. Prioritizing federal loans over private ones is also suggested.

Further guidance on managing college finances is available, including tips on navigating financial aid and making smart financial choices.