Patent ID: 8700508

Claim:
A method for electronically providing financial information to a student of an educational institution, comprising: receiving an indication of a purchase event for a student, the purchase event comprising a purchase of an item or a service by the student; capturing, for the purchase event, student interaction data for the purchased item or the purchased service, wherein the student interaction data has one or more data elements comprising an indication of a location of the purchased item or the purchased service by the student, utilization of a merchant selling the purchased item or the purchased service to the student, or transaction for the purchased item or the purchased service by the student; associating, by a computer, the purchase event with a category of student financial account usage based on the at least one of the captured one or more data elements of the purchase event comprising the indication of the location of the purchased item or the purchased service by the student, utilization of the merchant selling the purchased item or the purchased service to the student, or transaction for the purchased item or the purchased service by the student; and providing spending data for the purchase event to the student, the spending data categorized according to a respective category of the student financial account usage.