Financial Literacy Tools

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. It is the foundation of your relationship with money, and it’s a lifelong journey of learning.

Choosing how to pay for your education and invest in your future is often one of the biggest financial decisions you can make. From saving personal funds, to applying for scholarships and borrowing student loans, these decisions will impact you beyond graduation. The more you know, the more prepared you’ll be.

For more information, download the Financial Literacy Guidance From Federal Student Aid for help navigating the financial aid process for your education.

Defaulting on Student Loans Has Serious Consequences

Understand the consequences of becoming delinquent or defaulting on your student loan and the steps you can take to avoid it.

Learn More About Default and Delinquency

It helps to have a plan for your money. Do you want to work toward a short-term goal, like a down payment for a car? What about a long-term goal, like investing for retirement or paying off your student loans early? Don’t forget to pay yourself first, and commit to putting an amount of your income toward savings, investments, or debt payoff.