New tool helps college students better manage their finances
While enrolling in a Christian university or college has the potential to lead to tremendous spiritual and professional growth, it can also be quite expensive. While scholarships and loans can help lower the cost of earning a degree, students will want to make sure they are managing their finances to the best of their ability over the course of their studies.
When it comes to financial literacy, some students are more gifted than others. As many degree seekers are likely to need help managing their college finances, the U.S. Department of Education (DOE) has launched the Financial Awareness Counseling Tool, according to the DOE’s official blog.
Using this tool, students can access five interactive tutorials that provide them with relevant information based on their personal loan history. The online sessions feature topics such as “Understand Your Loans,” “Manage Your Spending” and “Avoid Default.”
According to the blog, the introduction of this tool is just the latest in a series of efforts by the Obama Administration to educate college-bound individuals about the costs of higher education.
Another online tool that may help people of faith decide which Christian colleges and universities would be best for them is the DOE’s College Affordability and Transparency Center. This resource allows them to compare institutions by tuition and net prices.