The school year is officially underway. As you settle into new classes, routines and schedules, you may also be getting a clearer picture of what this semester will actually cost.
Between books, supplies, transportation, meals, fees and everyday expenses, now is a good time to make sure your financial plan still works, whether you’re in high school, college or graduate school, or supporting a student along the way.
You don’t need to rethink everything. Start with these five financial checks to help you stay on track this semester.
Your 5 Back-to-School Financial Checks
Review what this semester will actually cost
Tuition is only part of the picture.Books, supplies, transportation, food, technology, fees and everyday spending can quickly change what you actually need.
Log in to your student account and review your bill. Check that all financial aid is showing correctly, charges match your selections and you know when your balance is due.
Not in college yet? Start estimating what college may cost beyond tuition so you can plan ahead.
Give yourself a realistic spending plan
Track your spending monthly, not just once a semester. A 15-minute check-in each month can help you stay on track.
Red Kite Pro Tip: Put a 15-minute money check-in on your calendar once a month. Review what you’ve spent, what’s coming up and whether your plan needs to change.
If there’s a gap, explore your options before borrowing more
Seeing a balance can be stressful, but borrowing more doesn’t have to be the first move. Work through these steps in order:
Your school’s financial aid office is there to help. Ask questions early.
Keep scholarships in your routine
New scholarship opportunities are available all year for high school, college and graduate students. Even a few applications can make a big difference.
An updated profile can help surface scholarships that better fit where you are now.
Look one step ahead
The 2027-28 FAFSA will be available on October 1, 2026. You don’t have to complete everything in September, but you can start getting organized now.
Start the Semester With a Plan You Can Use
Back-to-school finances don’t have to be figured out all at once. Review what you owe. Know what you’re spending. Ask questions when something doesn’t look right. Keep looking for funding and scholarships. Check in with your plan as the semester moves along.
