Youth & Student Finances

Each year, many students undergo the process of applying for and receiving financial aid for their education. Since February is Financial Aid Awareness Month, and if you’re a student in this boat, we’re here to provide you with the information you need to get a jump start on the process. The process can be difficult…

If you’re like the hundreds of thousands of college students who take out student loans each year, you’ll have something waiting for you when you graduate or leave school: Loan payments that will likely take years to pay off. Learn more

It seems like nobody is safe from scammers – and that includes high school and college students who become targets of schemes that involve scholarships and jobs. Learn more

Following the declaration of the global pandemic in March of 2020, the Trump administration instituted a federal student loan moratorium that resulted in an immediate pause on student loan payments and interest accrual for federal student loans. Furthermore, federal loan servicers were prohibited from taking action on borrowers in default before the start of the pandemic. Learn more

Saving for a child’s college education is one of the biggest financial endeavors parents face today. Similar to building up a nest egg for retirement or purchasing a home, saving for college is a marathon, not a sprint. Tuition (and related expenses) continue to increase year over year with no end in sight, which means implementing a savings plan is more important than ever. Learn more

It’s that time of year again. Backpacks are lining the shelves, leaves are beginning to fall, and children are scrambling back to the normalcy of a daily routine. Back to school means back to learning, and whether your child is collecting coins around the house or experiencing the excitement of a first job, it’s never too early to start educating them about money. Read on to learn about ways you can help your child get ahead of their financial futures. Learn more

Back-to-school season is upon us, and for many of us this means preparing for one of the busiest shopping times of the year. Keeping your spending under control can be difficult in today’s economy, especially when it comes to your child’s needs. At Lafayette Federal, we want to help you support your family by offering these helpful strategies to best minimize costs while shopping for all your back-to-school needs. Read below to find out how to boost your savings and get the most out your school year. Learn more

Being a student can be a lot of work. Finding the time to make money on top of other responsibilities can feel impossible, especially throughout the school year. Part-time jobs offer a valuable opportunity to earn on a manageable schedule and learn valuable life skills along the way. Whether your child is a high school senior or college sophomore, they can find ways to earn money. Read more to learn about eight ideal part-time student jobs your child should consider this year. Learn more