Financial education can help individuals plan for their future and contribute to a sustainable, vibrant lifestyle during work years and retirement. Grand View University is committed to making sure that our students understand the basic skills and knowledge they need to remain financially literate. Below are listed some helpful tools in regards to financial literacy.
• CashCourse is a website created to provide students with information on improving their financial literacy and financial well-being in their daily life. The intent of CashCourse is to help students manage their financial habits and to foster positive management practices.
Visit CashCourse at www.cashcourse.org
• The American Institute of Certified Public Accountants developed a site www.360financialliteracy.org, with articles and tools appropriate for different stages in life, from childhood through retirement and estate planning.
• Credit Card Insider is your resource for unbiased consumer and commercial lending options. We are advocates of the responsible use of credit, building and managing your credit history, and making informed decisions when selecting a credit card.
• MyMoney.gov is the U.S. government's website dedicated to teaching all Americans the basics about financial education. Whether you are buying a home, balancing your checkbook, or investing in your 401(k), the resources on MyMoney.gov can help you maximize your financial decisions.
Visit MyMoney.gov at www.mymoney.gov
• I Have a Plan Iowa is a interactive site for anyone that has not only Financial Literacy questions, but also has information about Scholarships, Financial Aid, Job Searches, College Planning and much, much more.
You can access the site at www.ihaveaplaniowa.gov/.
Repaying your Loan Calculator and Budget Calculator To learn about loan repayment choices, work out your Federal loan monthly payment, or determine expenses and income in order to create a budget for college, go to: https://www.direct.ed.gov/calc.html
• 1.4 million students graduating from four-year colleges and universities (67 percent of all students) had student loan debt in 2008, up from 1.1 million in 2004.
• Average debt for graduating seniors with student loans rose to $23,200 for graduating seniors, a 24 percent increase from 2004.
• 10 percent of people who graduated in 2007-2008 with student loans had borrowed $40,000 or more.
Source: “Student Debt and the Class of 2008,” The Project on Student Debt, 2009.