Financial Literacy Basics: Exploring Financial Aid & Managing Your Finances

Overview Paying for college can feel overwhelming, but understanding financial aid and money management can make it easier to navigate. This workshop introduces the basics of financial aid, including grants, scholarships, loans, and work-study programs. It also highlights the importance of budgeting, saving early, and borrowing responsibly. Students will gain practical strategies to reduce college costs, minimize debt, and create a financial plan for success during and after college. Objectives Learn the main types of financial aid: grants, scholarships, loans, and work-study. Understand the difference between scholarships and grants, and how to qualify for them. Explore the importance of budgeting and starting to save early for college expenses. Discover strategies for responsible borrowing and minimizing reliance on loans. Understand the benefits of work-study programs and financial planning for college success. Duration: 5-10 mins Benefits Accessible 24/7 Unlimit