Dealing With Financial Stress as a College Student

Dealing With Financial Stress as a College Student

Not only are many college students worried about passing their classes, but many are also concerned about their finances. Some college students are worried about their current finances while others have concerns about finances after graduating. Student loans, finding a job, and housing are a few concerns. If your financial situation is severe enough, consider talking with a Tullahoma bankruptcy lawyer about your options.


You are not alone in your financial stress. Thousands of college students are also struggling with the various financial stressors related to college life. Part of dealing with stress is finding out the causes of college financial stress to then find solutions. Most college students report being stressed about:

  • Repaying student loans
  • Borrowing money for college expenses
  • Immediate need to find a job right after graduation
  • Various additional college expenses like textbooks

Many college students also worry about balancing work with school responsibilities. Some resort to college work-study programs that work around their classes. Others attempt to work part-time or full-time jobs on top of their coursework. Balancing these two areas can significantly increase stress because little time is left for leisure.


Not everyone realizes how much financial stress can impact health. The psychological effects of financial stress are widespread, affecting multiple life areas. Not only can general feelings of anxiety and depression arise, but some people also find themselves struggling with:

  • Sleep problems that can build up to insomnia
  • Weight gain or loss from stress disrupting appetite
  • Withdrawing from social activities and relationships
  • Physical health problems like upset stomach

These can all lead to relationship problems and unhealthy coping like drug abuse. The scary thing is how all of these negative effects can build up and start impacting academic and financial success. When people are in such a negative state, it can be incredibly difficult to manage education and financial needs.

The good news is there are several ways to manage financial stress that could benefit you. Using these might be what it takes to escape your stress entirely. One of the first ways may sound counterintuitive but can help in various ways. This involves tracking your finances by calculating your monthly expenses and subtracting this total from your monthly income.

What this does is let you know at all times how much money you have or do not have to afford future expenses. When there is something you want or need to buy, explore all options. Try eBay, coupons, and resellers. Consider reaching out to your campus career or general counselor. These counselors are trained on how to help you best manage your life.


Tring to figure out what to do when you find yourself in a financial mess can be overwhelming. All you have to do is contact us at Tom Bible Law by dialing (423) 690-7712 to explore what financial options you have available. Our experienced team of Tennessee bankruptcy attorneys can help you escape your financial situation. You can find us located throughout the Tennessee cities of Chattanooga and Tullahoma.

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