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

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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


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Financial Literacy Resources

MAGGIE KUHL & KAITLYN KEECH

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Question for you...

 What does it mean to be financially literate?

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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.

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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

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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!

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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

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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

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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!

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Path 2: Money Management

 Budgeting  Credit  Tracking your expenses  Banking  Identity theft  And more personal finance topics!

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

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Path 3: Real-World Finance

 Tips on paying back student loans  Real-world finance  Mortgages  Retirement savings plans  And more!

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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!

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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

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Federal Student Aid

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

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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

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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

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University Blog

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

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UWSP Financial Aid Twitter

Follow us on Twitter UWSPFinAid

https://twitter.com/UWSPFinAid

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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!

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Questions?