Finances are one of the top stressor for college students. Learning to manage a personal budget can be a challenge. How will you and your student communicate about financial needs? What are your expectations your student asking for your financial assistance? Make sure you know your own boundaries and share these with your student.
How will you manage your personal budget?
What do you plan as income sources? (work, loans, scholarships, family support)
In your opinion, what is the difference between a want and a need?
What about the extra expenses of programs such as study abroad?
How do you feel about debt?
Would you rather borrow money, or make due with less?
People have differing values about money, debt, and they have difference in means. How will you navigate it when roommates or friends have different spending habits than you?