Financial Literacy Resources MAGGIE KUHL & KAITLYN KEECH - PowerPoint PPT Presentation

Financial Literacy Resources MAGGIE KUHL & KAITLYN KEECH

Question for you...  What does it mean to be financially literate?

What is financial literacy?  General Definition  The ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial wellbeing.  2008 Annual Report, President's Advisory Council on Financial Literacy  For Our Purposes  The ability for postsecondary students to use knowledge and skills to make good decisions related to budgeting , borrowing , and repayment strategies .

Financial literacy resources...  Can help build financial capability to make smart choices about reaching graduation, learning to stay within a budget, and promoting lifelong financial health

GradReady: What is it?  Financial literacy resource  Provided by NorthStar Education Services  Interactive, online learning program  Three parts  Paying for College  Money Management  Real-World Finance  FREE!

GradReady: Benefits  Can be used throughout enrollment and after graduation or separation from school  Become financially literate and knowledgeable about your loans  Have a better understanding of money management such as developing budgets  Prepare for future finances

GradReady: Benefits  Provides different methods to appeal to one's preferred way to learn  Videos  Downloadable PDFs  Interactive components  Budget/financing plan  Debt-o-Meter  Electronic Loan Counselor  Quizzes

Path 1: Paying for College  Different federal student loans  Free Application for Federal Student Aid (FAFSA)  Work study  Scholarships  And other ways to help you pay for college!

Path 2: Money Management  Budgeting  Credit  Tracking your expenses  Banking  Identity theft  And more personal finance topics!

How to Use the GradReady Budget http://bit.ly/2p2c6tE

Path 3: Real-World Finance  Tips on paying back student loans  Real-world finance  Mortgages  Retirement savings plans  And more!

GradReady: How to Sign Up  Go to www.uwsp.gradready.com/  Use your UW-Stevens Point email and password to create an account  You're in!

Federal Student Aid  Federal Loans First: https://studentaid.ed.gov/sa/types/loans/federal-vs-private  Understand differences between federal and private loans  Borrow Smart: https://studentaid.ed.gov/sa/types/loans  All you need to know about federal student loans

Federal Student Aid  Federal student loans interest rates  https://studentaid.ed.gov/sa/types/loans/interest-rates

National Student Loan Data System  https://www.nslds.ed.gov/nslds/nslds_SA/  Sign in with your FSA ID  Central database for student aid  Know what you owe as you go

School of Business and Economics  Financial Coaching Program  For students, by students  Set up an appointment with a student financial mentor  https://www.uwsp.edu/busecon/Pages/Resources/FinancialCoaching.aspx

University Blog http://blog.uwsp.edu/blog/author/kkeec599/

UWSP Financial Aid Twitter Follow us on Twitter UWSPFinAid https://twitter.com/UWSPFinAid

UWSP Financial Aid Staff  Individual appointments can be made with our staff to assist you with financial aid-related questions. Meet our staff at: www.uwsp.edu/finaid/pages/staff.aspx We are happy to help you!

Questions?