Financial literacy is a growing national concern, and USA Funds® offers a variety of tools and solutions that provide assistance with
personal finance education. In recognition of April as Financial Literacy Month, USA Funds highlights resources that can help your students develop basic personal finance skills.
USA Funds Life Skills
USA Funds Life Skills® is a Web-based financial literacy and student success program provided at no cost to postsecondary institutions. The program equips schools to teach their students to manage their time and money wisely during school and after graduation. The program also allows schools to track students’ progress, assess their knowledge of key personal finance and student success concepts and measure behavioral changes by measuring gains in knowledge, capturing attitude and planned action after lesson completion, and tracking students’ application of the concepts and tools in the months following completion.
Join USA Funds and Today’s Campus for a free, one-hour webcast April 17 from 2-3 p.m. Eastern time. You’ll learn about campus-wide financial literacy initiatives helping students minimize and manage their education loan debt. Learn more and register at www.usafunds.org/studentdebt.
Best practices guide
A guide from USA Funds offers colleges and universities suggestions for implementing personal finance education for college students. “Teachable Moments for Personal Finance Education: Best Practices for Implementing USA Funds Life Skills and Other Financial Literacy Resources” lists ways in which two dozen colleges and universities have deployed personal finance resources for their students.
Campus success stories
Learn how the following schools have developed successful financial literacy initiatives on their campuses to help students learn about personal finance concepts:
Students are taking on ever-larger debt loads to finance higher education. In response, schools are implementing campus-wide financial literacy programs to address this issue and help students make better financial decisions. A white paper from USA Funds highlights research into the impact of personal finance education programs.
Student loan calculators
To help student loan borrowers better manage and minimize their education debt, USA Funds offers two calculators.
- USA Funds Student Loan Repayment Calculator allows borrowers to compare monthly payments, total loan costs and payback schedules under all the repayment options available to federal student loan borrowers, including Income-Based Repayment and Pay as You Earn options.
- USA Funds Borrowing for College app estimates “maximum affordable” student loan debt, based on a student’s projected starting income, loan interest rate and repayment term.
Contact your USA Funds representative to learn more about these tools and solutions, and other resources to assist in your financial literacy or debt management and default prevention efforts.