Are you interested in learning better ways to manage your money while going to school? Do you want to start using a monthly or semesterly budget? Are you close to graduation and wondering about loan repayment options? We have tools to help! The Office of Student Financial Aid and Scholarships has gathered a variety of resources to assist you in every part of your financial wellness journey. If you would like to request a financial literacy presentation, please complete the Financial Aid Presentation Request form .
Loan Borrowing and Preparing for Repayment
Understanding federal loan repayment options and preparing for repayment is crucial to managing your student debt effectively and avoiding default. Preparation ensures you stay on top of due dates and maintain good credit. Taking the time to plan ahead can reduce stress and set you up for successful repayment.
Knowing your choices—such as income-driven plans or standard repayment—helps you select a plan that fits your financial situation and long-term goals.
Watch How to Prepare for Successful Student Loan Repayment and How to Pick the Right Repayment Plan for clear overviews of what to expect when preparing for repayment and how to pick the right repayment plan for you. The Repayment Estimator helps you estimate monthly payments for amount borrowed under different repayment plans. Additionally, the Repayment Plans page breaks down each federal repayment option so you can choose the one that best fits your financial future. Together, these tools empower borrowers to make informed decisions and prepare confidently for life beyond college.
The Ohio Department of Higher Education has produced a video series to raise awareness of student debt avoidance and to provide tips to help college students find available financial assistance. You can view this video here: http://bit.ly/2ujjh7q
Money Management
Being able to manage everyday expenses while planning for the future is an important skill to develop. Below you can find several tools provided to assist you with this effort. There are three budgeting templates for managing your money for the month, the semester, and the entire school year. We have also provided a basic ledger that you can use to keep track of every expense. We also encourage you to view this Budgeting video from Federal Student Aid.
We also encourage you to review our Financial Literacy Glossarywhich contains many common terms used in financial aid and financial wellness.
Financial Literacy Glossary
Finally, we invite you to utilize GradReady . This financial literacy resource provides information and tools to help you manage your finances now and plan for tomorrow. Watch a video, browse the website, complete a budget worksheet; there are a number of resources designed just for you! Creating an account takes less than 2 minutes and it's FREE!
Ohio University has provided this information and tools for educational purposes only.They are not intended for financial advice.For financial advice please consult a financial professional.