Ready to Rent?
Financial independence is often part of the decision to live off-campus. Think about all the things that start adding up that you may not have thought about: rent, internet, cable, utilities, groceries, tuition, car payments/insurance, entertainment expenses, clothes… long list! Living off campus is a learning process, and there are lots of resources designed to make that transition easier. This handy Housing Budget Worksheet will help you keep track of all the expenses for the housing options you are considering.
MSU’s Financial Aid website has tools designed to help you apply for financial aid, create a budget, apply for scholarships, and lots more. It’s well worth it to spend some time there.
Whatever you do, don’t get into huge credit card debt. Keep in mind many credit cards have annual fees and late fees. All credit cards have annual percentage rates be responsible with your balance and payments!