Financial Literacy Overview

information on Financial LiteracyWhat does it mean to “live like a student?” To some it may mean adjusting to living within your means rather than your parents’ income. To others, this means leaving a job with a steady paycheck and using financial aid to return to school. Many of us struggle with not having enough money to manage our educational responsibilities and personal expenditures. However we can use this as an opportunity to learn how to stretch our money and save for the future.

Financial aid is intended to assist you in meeting educational costs, not cover all of the expenses incurred while being a student. Sometimes students have to take out loans to help cover these expenses. At GTCC we believe that if a student has created a budget then he or she will be more informed about how much they need to borrow. By not borrowing more than you need, you can save yourself a lot of money in interest payments in the long run.

Dropouts are FOUR TIMES more likely to default on their federal student loans. Without truly understanding the costs of going to college, we can’t understand how much money we will need. Videos, games, and other interactive financial literacy tools like this one from CFNC can be very fun and helpful.

CashCourse

Resources

Budget Wizard

Build a personalized budget, test spending scenarios, and keep track of your expenses.

Financial Calculators

Estimate timelines for paying off loans, meeting savings goals, eliminating credit card debt, and more.

Worksheets

Organize your life with these handy checklists and budgeting tools, online or on paper.

Featured Videos

Have a few minutes to spare? Get a quick lesson in money management.

Quizzes

Test your knowledge and learn something new with these fun 5-question quizzes.

Coursework

Go in-depth on need-to-know topics, and let your school see what you’ve learned.

Test your KNOWLEDGE!

In order to help students gain a better understanding of money management, we are encouraging our students to create an account profile at www.cashcourse.org. This FREE resource will allow students to work with budgeting tools, get tips from financial experts, and other great resources created to help students better understand and manage their financial obligations.

We want to encourage students to utilize the Budget Wizard, Loan Repayment Calculators, Featured Videos, other great resources.

See what other students are asking, and get answers to your money questions.
Get Answers

Create your own resources library, and see what assignments are waiting for you.
Get Organized

Money Management Resources

CashCourse

This great site provides several tools, articles, and activities that help students gain a better understanding of budgeting and money management. A “Real Life Money Guide.”

Adventures in Education

A comprehensive site from TG that offers tons of info regarding career planning, budget and money management, FAQ’s, and tools to assist with college costs and loan repayment.

Financial Entertainment

This is a library of free online and mobile games that are designed to help bolster personal financial capability, self-confidence, and knowledge. This site has been praised by the Wall Street Journal.

Federal / State Student Aid

Student Loans

A truly comprehensive place where students can create their FSA ID, complete entrance and exit counseling, learn about different repayment options, check their loan balance, apply for loan consolidation or income-driven repayment plans, and utilize repayment estimators.

My Money

Another federal site that offers money management strategies, saving tips, and even help with earning money and identity theft.

FAFSA

Students will submit a yearly application for federal student aid. Students can also make changes to previously submitted aps and review their student aid report.

Mapping Your Future

Provides repayment calculators, path to success plans, account balancing, and a direct line to speak with a counselor at Money Management International.

Student Aid

A government-issued guide to help you understand the FAFSA and your repayment options while also offering a comprehensive glossary of crucial terminology.

Additional Resources

Student Loan Data System

The National Student Loan Data System provides students a place where they can see all of their federal loans in detail.

College Foundation

The College Foundation of North Carolina is a great resource for our students. CFNC assists students with educational planning, career planning, and applying and paying for college.

Debt

America’s Debt Resource Organization. As our student loan debts rise over 1 trillion dollars, this site can be a very important resource in navigating the world of debt and repayment.

Credit Score

Allows you to see your credit score in an easy-to-read format that provides information on how credit can be affected along with guidelines to help with responsible borrowing.