Financial literacy is an important part of your college experience and beyond. Taking some time now to learn about your funding options and build money management skills will arm you with what you need to be successful both in school and in your career!
You should review this page during Orientation, then bookmark it and return to it as often as you need as you progress through your program.
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Scholarships
Budgeting Basics
Banking Basics
Understanding Credit
Student Loans
Identity Theft
Scholarships
Scholarships not only alleviate the financial burden of education but also serve as a testament to YOUR dedication, passion, and potential. No matter where you are in your educational journey, this information is designed to equip you with the knowledge and skills needed to pursue and secure scholarships with confidence.
Presentation:
“Scholarships: Finding FREE Money For College”
Videos (Khan Academy)
Types of Grants and Scholarships
Student Story: Searching for Scholarships
Student Story: Applying for Scholarships
Student Story: Relying on Scholarships
Readings:
Federal Student Aid - Scholarships
10 Ways to Stand Out When Applying for Scholarships
How to Write a Winning Scholarship Essay
Helpful Tools:
Scholarship Application Tracker
Scholarship Preparation Worksheet
Budgeting Basics
Budgeting is a crucial financial management tool that helps individuals, and families plan and control their spending and income. Money can be tight while in college so it is even more important at this time to have a plan when it comes to your finances. The primary goal of budgeting is to ensure financial stability and achieve your financial goals.
Presentation:
Videos:
“How to Set a Budget and stick to it”
“Tips and Techniques for Managing Your Money”
“How to Save Money on Everyday Expenses”
Readings:
“The Student’s Guide to Budgeting in College”
Federal Student Aid: “Budgeting”
“Good Ways to Save Money in College”
Tools/Resources:
Banking Basics
Understanding banking is not merely a matter of managing accounts or making transactions; it is the key to unlocking a world of financial opportunities, responsible decision-making, and long-term economic well-being. This section will equip you with the essential knowledge and skills needed to navigate the landscape of banking, empowering you to make informed choices and secure your financial future.
Presentation:
Videos:
Readings:
Choosing a Student Bank Account
What to Know About Banks and Checking Accounts for College Students
Credit versus Debit: What’s the Difference?
Tips when using Mobile Devices for Financial Services
Tools/Resources:
Comparing Checking Accounts Worksheet
Simple & Compound Interest Calculator
Understanding Credit
Understanding credit is a fundamental aspect of financial literacy that plays a pivotal role in students’ lives. Credit is essentially a financial tool that allows people to borrow money or access goods and services with the commitment to repay the borrowed amount over time. A credit score is a key factor in determining the terms of loans, interest rates, and even eligibility for certain jobs or housing. By comprehending how credit works, students can make informed decisions about managing their financial responsibilities.
Presentation:
Videos:
How to Use Credit Cards Wisely
How to Build Credit & Improve Your Credit Score
Readings:
Credit: What it is and How it Works
Guide to Credit & Credit Cards for Students
How to Pay Off Credit Card Debt
Tools/Resources:
Request your Free Annual Credit Report
Student Loans
Navigating the landscape of higher education often involves grappling with the financial realities of pursuing a degree. Student loans appear as a critical component, offering options for many students to access the education they aspire to but may not be able to afford upfront. While student loans can be instrumental in bridging the financial gap, understanding the intricacies of student loans is essential. Financial literacy regarding student loans empowers students to make informed decisions, manage debt responsibly, and pave the way for a more secure financial future.
Presentation: Student Loans
Readings:
Federal Student Aid: Undergraduate Loans
Federal Student Aid: Student Loan Repayment
Federal Student Loans Explained
Videos:
How to Manage Your Student Loans
Student Loan Repayment Options
Tools/Resources:
Federal Student Aid Loan Simulator
Identity Theft
In an era dominated by digital interactions and online connectivity, the importance of identity theft education has never been more crucial. Identity theft, a pervasive and evolving form of cybercrime, poses significant risks to individuals, businesses, and society as a whole. As technology continues to advance, so do the methods employed by identity thieves, making it imperative for students to be well-informed and proactive in safeguarding their personal information. Identity theft education serves as a vital tool in empowering students with the knowledge and skills necessary to protect themselves against the growing threat of identity theft, fostering a safer and more secure digital landscape for everyone.
Presentation: Identity Theft
Readings:
5 Ways to Protect Yourself from Identity Theft in College
How to Spot and Avoid Scholarship Scams
Videos:
Why Care About Identity Theft?
IdentityTheft.gov Helps You Report & Recover from Identity Theft
Play it Safe: Protect Yourself from Student Loan Scams
Your Source for a Truly Free Credit Report? AnnualCreditReport.com
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