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Financial Aid

East Tennessee State University

Personal Financial Literacy & Money Management

What is Personal Financial Literacy? Possessing the knowledge and skills to make responsible decisions and manage financial matters efficiently for a lifetime of well-being.

It’s more than just being able to balance a checkbook, compare prices or get a job. You need to learn how to pay your bills, how to borrow and save responsibly, and how and why to invest.

The decisions you make now, from choosing which student loan to borrow to how you use a credit card, will affect you for years after you graduate.

Stay on top of your finances. “Your life, Your Money”

Budgeting Basics 
Creating and maintaining a spending plan is one of the most basic aspects of staying on top of your finances. Without following a budget, it’s difficult to hold yourself accountable on where your money is coming from or going toward. 

The Impact of Interest 
Understanding the ins and outs of interest and fees can impact your finances more than you realize.  Why? It can make the difference between borrowing a small amount and paying back much more. If you receive a federal student loan you will be required to repay the loan with interest 

Credit-Debt Roller Coaster
It’s much easier to lose credit than gain it and many students don’t realize how easy it is to ruin their credit – and how difficult it can be to regain credit – before it’s too late. That’s why it’s crucial to provide knowledge on debt earlier than later.  Monitor your credit history and safeguard against identity theft. Lots of sites promise credit reports for free. is the ONLY official site explicitly directed by Federal law to provide them.

Understanding Repayment
When it comes to repaying your federal student loan, there’s a lot to consider. Understanding the details of repayment can save you time and money.

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