Pre-College and Current Students - Financial Literacy

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5 Key Money Management Areas

Below are the recommended five main areas to begin how to manage your money while in college. Click on the Topic link to find detailed information about each cateogry.

If you would like to make an appointment to meet with one of our counselors, contact us by e-mail mymoney@towson.edu or call at 410-704-5269.

Main Topics	Items Discussed
Budget & Track Expenses	Determine your financial goals, identify where you money goes, track spending and learn about online banking.
Credit	Important information about new credit card laws, how to compare credit offers & develop important credit card skills.
Debt	Understand how student loan repayment works and how to manage other debt.
Savings	Learn about various ways to save, how to make your money work for you and practical savings tips.
Identity Theft	Know the signs and what to do when it happens to you.

Other Topics	Items Discussed
Federal Taxes Maryland Taxes	If you work on campus and take at least 6 credit hours, you are exempt from FICA taxes. If you are a full-time student, single and earn less than $9,350 in 2010, you can be exempt from paying MD taxes.
Employment Background Check	Employers look at many areas of your life to determine whether or not to hire you - including your finances! See how your credit impacts your ability to get a government job.
Employee Benefits	If you work off-campus and your employer offers a retirement plan, see why it is important to start saving now!

Financial Services
Administration Building, Fourth Floor (map) (How to use the map link)
Hours: Monday - Friday, 9:30 a.m. - 3:30 p.m.

Phone: 410-704-5269
Fax: 410-704-4910
E-mail: mfortier@towson.edu

• Students spend over $5 billion on clothing and shoes each year.

• Many students take more than four years to graduate college because of financial problems.

• A daily coffee and muffin cost you over $1,300 a year.

• If you save $5 each day when you are a freshman you will have $7,300 when you graduate.

• Your credit score affects your ability to get a job after you graduate.

• About 20% of identity theft happens to someone under the age of 30 by someone they know.