Students • Financial Aid • Financial Literacy
For most students, college is seen as an opportunity to continue their formal education and prepare for the intended career goals. But attending college also provides an opportunity for students to further develop their life skills, such as time management, interpersonal skills, as well as their money management skills or "financial literacy".
Financial Literacy is a persons understanding of their own personal financial standing. In addition, it is one's knowledge of money management skills to make smart economic decisions to foster a strong personal financial foundation.
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MyMoney.gov: The Financial Literacy and Education Commission (FLEC) has created a financial literacy education website that enables users will to find information about how to plan for a multitude of life events that have financial implications, such as birth or adoption of a child, home ownership, or retirement. The site also provides money management tools including a financial savings calculator, worksheets for establishing a household budget and a college preparation checklist.
SALT Financial Literacy Program: American Student Assistance (ASA) has created a self-directed financial literacy program that teaches money management skills through interactive formats.