Did you know that the average college student seeking a Bachelor’s degree graduates with nearly $3,000.00 in credit card debt and nearly $29,400.00 in student loan debt?
With college tuition and fees increasing every year, the ability to make sound financial decisions is just as important as doing well in your classes. Smart financial management is an everyday reality. Learning how to budget money, limit unnecessary spending, and how to choose the best credit card and bank account are all important steps in developing a strong financial future.
Saltmoney.org is a free resource that makes it simple for you to take control of your finances and student loans. Using a variety of interactive tools you will build your financial and economic literacy skills, learn to create a budget, and learn how to avoid unnecessary fees with banks and credit card companies.
The following Financial Literacy 101 Fact Sheets also offer helpful information.
- Avoiding Fees
- Getting out of Debt
- Identity Theft
- Your Spending Decisions
- Borrowing for Success
- Credit and Debit
- Better Money Habits: Build your financial know-how with free tools and information to help you make more confident decisions. It’s a simple way of getting real, practical knowledge, brought to you by Bank of America in partnership with Khan Academy.
- 360 Degrees of Financial Literacy: Provides the tools for making sound financial decisions at every stage of life.
- College Cost Calculator: Use this site to calculate the cost to attend college
- White House and U.S. Department of Education College Scorecard: You can use the College Scorecard to find out more about a college’s affordability and value so you can make more informed decisions about which college to attend.
- Consumer Financial Protection Bureau Student Debt Repayment Assistant
- U.S. Department of Labor, Women’s Bureau Wi$e Up: Financial Planning for Generation X & Y Women
- National Endowment for Financial Education Cash Course: CashCourse is your guide to making informed financial choices. Get prepared for whatever life has in store: Register for a free account, and take charge of your money.
- FINRA Investor Education Foundation MoneyTopia: (resource for military families) Moneytopia is an immersive game that helps you learn more about managing your money while having fun. The loftier and more costly your big dream, the longer the game will last. Play the game—or, for a quick overview of different topics, check out the Moneytopia Tutorials.
- Love Your Money: Free, online financial education resource for students.
- American Student Assistance Budget Worksheet