April is Financial Literacy Month

April is Financial Literacy Month and the perfect time to take a closer look at your finances, build healthy money habits, and make sure you're on track to meet your goals—both in school and beyond.

Whether you're just starting your college journey or getting ready to graduate, understanding your financial options and responsibilities is key.

Here are a few essential financial literacy tips every student should know:

Know Where Your Money Comes From (and Where It Goes)

Start with a simple monthly budget. Track your income—including financial aid, scholarships, part-time jobs, or parental support—and compare it with your expenses like rent, books, food, transportation, and entertainment. Apps like Mint or You Need a Budget (YNAB) can help.

Understand Your Financial Aid Package

Know the difference between grants, scholarships, work-study, and loans. If you’ve accepted loans, make sure you know your loan servicer, interest rates, and repayment options. Planning now can prevent surprises later.

Use Credit Wisely

Credit cards can be a helpful tool—but only if you use them responsibly. Always pay off your balance on time to avoid interest and fees. A good credit score can help you down the road when renting an apartment, buying a car, or even applying for certain jobs.

Start Thinking Long-Term

It might feel early, but learning about saving, investing, and student loan repayment options can pay off big later. Even setting aside a small amount each month can help build smart habits now.

Ask Questions and Use Your Resources

You’re not alone! Understanding finances can be overwhelming, but there’s help available.

Need Help Navigating Your Financial Journey?

Contact the Office of Financial Aid—we’re here to answer your questions, help you make informed decisions, and support you, every step of the way.

You got this!