Financial Aid Toolbox

Financial Literacy

Getting ready for college or career, school can be easier than you think. Start by defining your goals and interests, understanding college costs, and planning financially and academically at these sites: and

The ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial wellbeing. The ability for postsecondary students to use knowledge and skills to make good decisions related to budgeting, borrowing, and repayment strategies.

These programs also provide easy-to-understand information on money matters. Use these to create budgets, plan expenses while in college, and control costs.

U.S. News & World Report

6 things to know before you start paying off your student loans


A budget is a guide that keeps you on the path to reach your financial goals. Budgeting keeps your finances under control, shows when you need to make adjustments to your spending, and helps you decide where your money goes instead of wondering where it all went.
These six easy tips will help college students make the grade when it comes to forming a strong foundation for money management.  

  • Create a budget
  • Separate wants from needs
  • Set up a checking account
  • Use, don’t abuse, credit cards
  • Do your homework on loans and financial aid
  • Shop smart for textbooks
For additional information on 6 Must-Follow Money Tips For College Students

Prepare for college- Budgeting

College Transition Guides:

Freshman Guide to a College Transition –
Ten Freshman Mistakes and How to Avoid them –


Borrowing responsibly includes borrowing only what you need to pay your education expenses and what you can realistically afford to repay when you leave school. 


Although you may select or be assigned a repayment plan when you first begin repaying your student loan, you can change repayment plans at any time–for free.

Contact your loan servicer if you would like to discuss repayment plan options or change your repayment plan. You can get information about all of the federal student loans you have received and find the loan servicer for your loans by logging in to My Federal Student Aid.