Financial Aid and Literacy
One of the core functions of the ACE Program is to provide participants with knowledge about financial decision making and options for funding baccalaureate and post-baccalaureate study to encourage manageable accumulation of education debt.
ACE Staff members provide a variety of services designed to inform students of the full range of financial aid programs, resources, and information, including:
- understanding your LOCUS account and financial aid award package
- scholarship search assistance
- assistance with completing federal and local financial aid applications (e.g. FAFSA, Federal Work Study, and Loyola Grants)
- help with creating a budget
- reviewing aid appeals if students have lost a scholarship
- knowing where to get accurate information when it is time for students to pay back loans and select a re-payment plan
Additionally, ACE strives to educate students about financial literacy topics so that students are informed about how to make savvy financial decisions as regards:
- establishing a strong credit history
- managing debt
- making and keeping a personal budget
The goal is for students to know some of the basics of proactively managing their personal finances, as well as where to get further, reputable information later in life.