financial literacy resources - uwsp literacy resource… · the ability to use knowledge and skills...

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Financial Literacy

ResourcesMAGGIE 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

UWSPFinAidhttps://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?

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