Financial Literacy

Stay On Track This Summer: 4 Tips for Incoming College Freshmen – Education Article

A recent post, covers the concern of “summer melt,” where up to one-third of the students who graduate high school with plans to go to college never make it to a college campus. The post discussed how educators  can help keep someone on track—but there’s also plenty that a student can do to make sure their college plans don’t get derailed during a summer break. Open every piece of snail mail you get from the college, and read all of it!  …

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The Public Service Loan Forgiveness Help Tool – Education Article

Chances are that you’ve at least heard of the Public Service Loan Forgiveness (PSLF) Program, but do you know if your loans qualify? How to apply? If not, we’re here to help! First, what is PSLF? PSLF is a program that forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer. However, your loan will only be forgiven if you meet all the PSLF…

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5 Things to Know When Evaluating a Financial Aid Offer – Education Article

April is National Financial Capability Month and understanding the terms of your financial aid offer and making smart decisions about paying for college can be a good indicator of your financial capability. Many schools use the term “award letter” which can be misleading and make it sound like all the aid that is listed will all be awarded to you. This notification (paper or electronic) is an offer, which means that you are not obligated to take all the aid…

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Keeping the Cost of College Down – Education Article

Between the high costs of tuition, living expenses, meal plans and textbooks, it is easy to see why college students are increasingly stressed about their finances. A 2015 survey  found that around 70% of college students feel stressed about their personal finances in general. As a current student at UCLA, I too have felt the financial strain of an undergraduate education. Luckily, I have found that there are many simple actions college students can take to reduce the cost of postsecondary…

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Redesigning the Financial Aid Offer Letter at the University of Pennsylvania – Education Article

Every year, incoming and current college students have to file a FAFSA in order to determine their potential and continued eligibility for federal financial aid. Students may also have to file institution-based financial aid applications every year, along with institution-based or outside scholarships. Offer letters are key tools used by colleges and universities to notify students of their eligibility for federal, state, and institutional financial aid. Students and families use these letters to determine what the cost of attending that…

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3 steps to implementing a 21st-century financial education curriculum – Education Article

Effective and accessible financial education has historically been absent in U.S. schools. Outdated instructional practices and a lack of standards have made it difficult for teachers to easily incorporate this crucial topic in the classroom. According to a 2016 study by LendEDU, more than half of 18- to 24-year-olds wish they’d taken a personal finance course in high school. Unfortunately, not every state has a requirement that students take some form of a financial education course prior to graduating. As…

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The Value of Financial Literacy and Self Advocacy – Education Article

In my senior year of high school, as college decisions were released, opening the financial aid award letters was scarier than the decisions themselves: the final number, or net cost, could make or break my ability to attend university. To confuse matters, without an understanding of financial aid terms, award letters can be hard to read; each school’s letter can look different and are full of ambiguous terms and unexplained costs. No matter how well a particular award letter was…

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