Financial Literacy at UofL
As a student at the University of Louisville, you are faced with decisions every day. What to wear? What to eat? When to study? When to hang out? And, more often than not, How to pay my bills and manage my money?!? We hope to provide some insight on that last question here. This site is a service to you, the UofL student with questions about money and finances. We'll post tips and resources to help you become financially savvy so that you can spend less time worrying about money and more time focusing on all those other questions that pop into your head on a daily basis!
Worried about having to repay your student loans?
Here's a great summary of what it means to enter repayment on your student loans courtesy of the blog, Lifehacker: http://lifehacker.com/5950945/how-to-tackle-student-loan-debt-when-your-grace-period-ends?tag=money
Cash Course - http://www.cashcourse.org/uofl
The National Endowment for Financial Education ® (NEFE ®) is an independent, nonprofit foundation committed to educating Americans on a broad range of financial topics and empowering them to make positive and sound decisions to reach their financial goals. NEFE accomplishes its mission primarily by partnering with other concerned organizations to provide financial materials to members of the public.
Financial literacy is an essential life skill for the 21st century. This is especially important for college students who on campus and in real life will have more financial choices and opportunities to be made than any generation before. NEFE is responding to this challenge by offering to college students and recent graduates this website that contains comprehensive, non-commercial information to help their financial decisions be informed ones.
Check it out! There's a lot to learn!
Suze Orman's Top Five Money Mistakes You Can't Afford to Make
Here's some great advice that will help you manage your money: http://www.forbes.com/sites/jennagoudreau/2012/02/06/suze-orman-top-money-mistakes-private-student-loan-cosign-debt/
In a nutshell:
Mistake #1 - Cosign a Loan.
Mistake #2 - Take Out a Private Student Loan
Mistake #3 - Defer a Student Loan
Mistake #4 - Use a Prepaid Debit Card
Mistake #5 - Invest Money You Need Soon