Financial Literacy Resources

• 1. U.S. Department of EducationApril 2013FINANCIAL LITERACYResources for Every Stage ofFederal Student Aid

2. What is Financial Literacy?2The ability to use knowledge andskills to manage financial resourceseffectively for a lifetime of financialwell being.2008 Annual Report, Presidents Advisory Council on Financial Literacy 3. 3 College Scorecard College Navigator Financial Aid Shopping Sheet Free Application for FederalStudent Aid Net Price Calculator Financial Awareness CounselingTool (FACT) Entrance and Exit Counseling Repayment Estimator 4. Stay Informed: StudentAid.gov4 5. Stay Informed: Social Media5 6. Comparison Shopping: College Scorecard6 7. Comparison Shopping: College Navigator7 8. Comparison Shopping: Financial Aid ShoppingSheet8 9. Apply for Aid: FAFSA9 Takes less than 30 minutes to complete IRS Data Retrieval Tool pre-populates tax information Determines families ability to contribute to cost of attendance 10. Budgeting and Borrowing: Net Price Calculator10 11. Budgeting and Borrowing: FACT TOOL11Expenses FundsFinancial Awareness Counseling Tool (FACT) available on studentloans.gov 12. Additional Borrowing Resources12 Federal Loans FirstUnderstand differences between federal and privateloanshttp://studentaid.ed.gov/types/loans/federal-vs-private Borrow SmartFree money first; consider accepting less loans thanofferedhttp://www.studentaid.ed.gov/fafsa/next-steps/accept-aid 13. Manage Debt: Entrance and Exit Counseling13NOTE: Exit Counseling does not include Manage Your Spending While in School.Available on studentloans.gov 14. Manage Debt: Repayment Estimator14Available on studentloans.gov 15. Other ResourcesWhite House Toolkit Page 28: Higher EducationA Guide to Increasing Financial Capability among Students in HigherEducationwww.whitehouse.gov/webform/financial-capability-toolkit-tell-us-what-you-thinkStudent Financial Literacy, Campus-Based Program DevelopmentSonya L. Britt & Dorothy B. Durband, 2012.Financial Literacy Resource DirectoryDavid R Smedley, Associate Director, Compliance and Policy, The GeorgeWashington University, Office of Student Financial Assistancehttp://gwired.gwu.edu/finaid-g/FinancialLiteracy/15 16. Contact InformationElizabeth CooganFederal Student AidSenior Advisor, Customer Experience Officeelizabeth.coogan@ed.gov16 04/26/2013