Many Garden State high school seniors have recently made their decisions on where to attend college next fall. To help them, Department of Banking and Insurance (DOBI) Commissioner Ken Kobylowski is offering advice to new and returning higher education students and their parents to help them make smart financial decisions.

Mario Tama, Getty Images

“As students and their families begin to transition from high school to college, they need information to help them avoid unnecessary costs and scams aimed at higher education students,” says Kobylowski. “In addition to meeting tuition costs, college students and their parents face many important financial decisions that can have a major impact on their lives.”

Advice and suggestions are offered in the following areas:

  • Student loans
  • Life insurance
  • Credit cards
  • Renter’s insurance
  • Health insurance
  • Car Insurance

“Parents who are reviewing health insurance, loan shopping or considering the purchase of a life insurance policy to cover their children, or for auto or renter’s insurance, need to research and understand their options thoroughly,” Kobylowski. “Both parents and children should invest similar time and energy expended in shopping for college when making college related financial services decisions.”

For more information including details on the advice, go to