Financial Literacy

Learning how to effectively manage money will help you reach your goals, minimize stress, and achieve confidence and competence.

Learn financial skills

Owens Community College wants financial literacy to be a part of your everyday life.

Visit https://edrepay.com/Home to learn about

• managing your money
• budgeting
• financial planning
• repaying student loans

Create a budget

The best way to track finances is through a personal budget.

1. Keep track of your income.
   Planning your budget after graduation? Below are some resources to help you estimate typical salaries.
   1. Career Coach
   2. O*NET OnLine
2. Keep track of your spending.
3. Pay for major costs and necessities first.
   Estimate your monthly loan payment by using the loan repayment calculators on StudentAid.gov.
4. Set aside savings for emergencies and future goals.
5. Review your budget to make sure that your income will cover your spending and savings; adjust your budget as needed.

Monitor your credit history

Ensure that your credit history is accurate by obtaining a free credit report at AnnualCreditReport.com.

Repay your student loans

Below are some resources to assist you in repaying your student loans.

• Top 10 Student Loan Tips for Recent Graduates
• Repaying Student Loans Quick Reference Guide (pdf)
• Federal Student Aid (Addressing the student’s defaulted student loan)
• Student Debt Repayment Assistant (Consumer Financial Protection Bureau)