The pursuit of higher education for many first time and continuing college students can involve financial challenges and important decisions regarding loans and loan management. Financial literacy provides learning opportunities on the importance of financial planning, managing your money, and understanding debt. Financial literacy and loan management are lifelong skills and are particularly important for college students who will have more financial choices and opportunities than any generation before. Students must be aware of their rights and their responsibilities as students and consumers. Financial literacy can include budgeting, balancing a checkbook, the pros and cons of obtaining and using credit cards and saving for the future. Mount Aloysius College knows that being able to successfully manage your money will help to ensure your success as a student.
Tips on Managing Your Finances
Taking out student loans can be intimidating and have a huge impact on your life if you’re not careful about how much you’re borrowing. The best recommendations we can give you are to be aware, informed and manage your loans responsibly. These loan management tips will help you throughout your time at college and beyond.