Financial Literacy Newsletters

Tips for Avoiding Financial Traps

  • Make a budget before you get your financial aid money. This will allow you to plan exactly how to spend your money wisely.
  • Review financial aid options wisely. Don’t take out more loans than you need.
  • You are not required to accept the maximum amount of money offered to you.
  • Remember, you may need to borrow money later if you are planning to transfer to another college with higher tuition.
  • Open a savings account and put the money you have left in savings for unexpected expenses.

Special points of interest:

  • Know the college deadlines and the con-sequences of not meeting them.
  • Know who your financial aid counselor is and when they are available.
  • Filing the FASFA does not guarantee your financial aid.
  • Dropping classes can cost you money in the long run.
  • Use financial aid and scholarship money appropriately. It will save you money in the long run.

Financial Literacy Newsletters