Jasmine Roldan just got this acceptance letter from the University of Central Florida.
"You can ask my mom, she was there," says incoming college student Jasmine Roldan. "We were jumping up and down."
Jasmine's mother, Millie Roldan, says, "I am excited and sad at the same time."
Now the pressure is really on with food, fun, and finances.
"It's scary but a nice test to see how I am going to do in the future," Jasmine tells Ivanhoe.
University of South Florida freshman Courtney Whitaker has racked up more than 2,000 dollars in credit card debt.
"I feel right now it's at its worst," admits Courtney Whitaker, a college freshman.
Courtney says her bank pushed the plastic.
USF Financial Aid Director Billie Jo Hamilton says Courtney is not alone.
"Often times right from the bat when they get here, they may be struggling with having enough money," explains USF Financial Aid Director Billie Jo Hamilton.
Hamilton suggests using free services on campus like movies, concerts, and the rec center. If you have a meal plan, use it. Make a budget, something Hamilton says most college students don't know how to do. For Courtney, it's been a spiral of spending.
"You could walk out the door and say oh I'm really hungry, and then you know that you don't have much money in your debit card so you're like, oh well, I have basic free money on my credit card so I'll use just that," says Courtney.
Jasmine hopes her college days don't lead to a credit crunch.
"I've been waiting for this my whole life," concludes Jasmine.
Student debt has become such a problem that the University of South Florida is starting a new program that will counsel students specifically about finances. It will also keep tabs on students' finances. If a student is going into debt at a rapid pace, counselors will be alerted.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.