Housing and Finance

Housing and Finance

Successful students understand the transition from home to a new environment can be difficult. Being in charge of your living and financial arrangements can be challenging, so consider utilizing the resources available to you as you make these important decisions.

Housing

  • On campus housing options often allow for extended stays beyond the semester. 
  • UC Merced offers resources for students seeking off campus housing. You may also consider using other website including http://www.apartments.com/ and http://www.zillow.com/.
  • Roommate issues can be difficult to navigate and frustrating. If your feel your roommate/housemate is being disrespectful towards you, common space or not paying rent on time, speak to someone. You are not alone!
    • The Office of Ombuds Services offers mediation for all students. Students in on campus housing should speak to a Residential Advisor (RA)

Finances 

  • Budgeting!  A budget is a future guide to allocate and save money dependent on your income and bills. The Office of Student Life offers the Moneywise Bobcat Institute (free!) for UC Merced students!
    • Build a budget. Calculate your total income and total expenses - the difference is you 'flexible money'. To calculate your expenses, try using a budget calculator like this one.  Reevaluate your budget on a regular basis! o Contact the Office of Student Life for information on their Moneywise Bobcat Institute (osl@ucmerced.edu).
  • Financial Aid. The UC Merced Financial Aid Office offer an immense amount of information - from types of financial aid and loans.
    • Financial Aid officers can review your aid package and offer options for handling unexpected expenses. Be sure to notify the Fin Aid office anytime your financial situation changes!
  • Understanding Credit There is a misconception that you will only need a credit score when buying a car or home. Your credit begins to impact you now!  A successful student begins to responsibly build their credit score early on.
    • Your credit score is considered when applying for any type of loan (including credit cards!) and may be considered in future employment. 
    • You can take steps now to build and keep good credit