Loyola University Chicago

ACE

Achieving College Excellence

Financial Literacy Resources

These are resources for students and their parents to have a better understanding of seeing money and loans as a tool to manage through daily budgeting and saving. 

 

Within Loyola:

Money Matters: Financial Literacy Program Online and in-person tutorials about financial literacy topics to provide personal finance education to Loyola students
Student Finance Information compiled by Loyola University Chicago’s Graduate School about budgeting, student loans, repayment plans, borrowing on a budget, credit cards, and further financial literacy resources

 

Beyond Loyola:

4 Mistakes I Made with my Student Loans, and How You Can Avoid Them An honest blog entry posted by the U.S. Department of Education that every student can learn from about how to better manage student loan debt
Better Money Habits A partnership between Khan Academy and Bank of America, this website has many very easily understandable videos about understanding credit, saving, and budgeting.  A great resource to break down complex financial literacy topics and provide practical advice.
Gen Y Planning: Financial Planning for my Generation As this award-winning site describes “money doesn’t have to be scary or serious all the time.  Money can be about joy, security, and confidence.  Let me help you change the way you see your finances.  Forever.”  If you don’t want to regularly check this site for updated information, you can sign up for the free newsletter.
Great Advice for Grads From a nonprofit which "focuses on arming students with the knowledge they need to make better financial choices, now and in the future," this is a collection of 1-2 page articles about how to manage student loan debt and common borrower mistakes
Money Under 30 An informative, up-to-date reference on all matters relating to money management.  Of note, if you search for “student loan” there are many articles specifically about how to most effectively pay off your student loan debt.  Also, you can sign-up for free emails from them providing practical advice on how to earn and save more.
SALT Money Knowledge for College - and Beyond SALT® was created by American Student Assistance® (ASA), a nonprofit with 50+ years of experience helping millions of students make better decisions about paying for and paying back the cost of their education.  SALT’s resources help you: Find scholarships, internships, and jobs; compare student loan borrowing options; personalize a student loan repayment plan.  Back in the day (way, way back in the day), salt was the universal currency. It’s why SALT goes back to basics to give you universal info and smart strategies to help you take control of your money. 
Smart About Money: 40 Money Management Tips Every College Student Should Know  A 32-page PDF created by the National Endowment for Financial Education that provides advice specifically about managing your money while in college, with sections on setting a budget, checking accounts, financial aid, jobs, residence hall vs apartment, cutting expenses, credit, debt, saving and investing money.  Many worksheets and opportunities for students to fill in your specific expenses, needs, and financial goals.

 

 

Mobile Apps (phone or tablet):

Coupons App Collects coupons from various stores, allowing you to save money when you shop!
Mint Helps you keep track of your finances, create and maintain budgets, and track your progress toward various financial goals.
GoodBudget Allows you to divide portions of your budget into different categories in order to track your spending. You can even share your budget with friends and family.