Financial Wellness

Studies show that by receiving financial wellness lessons, people are more likely to save, stay out of debt, and be more financially stable even after college. Below are resources that can assist students with making informed financial decisions for better financial wellness, now and in the future.

SparkPoint

Financial Wellness Counseling

Plan Ahead for Student Loans

Are you considering taking out a student loan for college expenses? Taking on debt is a big decision that should not be taken lightly. Read on for things to consider before signing that loan paperwork! How much should I borrow? It’s always important to borrow only what you absolutely need to be successful in your classes. Start by creating a budget to assess how much money you already have, and what your expenses are. Be honest with yourself about expenses that you need, versus expenses that you want. Use these Budgeting Tips to get started. Next, use the Repayment Estimator to determine how much your monthly loan payment to be once you graduate. But how will I know if I can afford the monthly payments? Another thing to consider when deciding how much debt you should take out is how much you can earn once you complete your college degree and enter the workforce. Use the U.S. Department of Labor Statistics National Occupational Employment and Wage Estimates to find out what people in your desired career are earning.