Financial Literacy
Obtaining financial literacy skills can help students pay for college and start to save for life after college.
This page has details on how to budget your financials in your college and everyday life. If you have any questions regarding this please feel free to contact the office of Financial Aid at fa@esu.edu or (570) 422-2800, Option 1
Student Loans
Your federal direct student loans are provided to you by filling out and determined by the: FAFSA. Loan amounts are collected by information from the FAFSA. These loans are Subsidized and Unsubsidized loans.
- Subsidized Loans
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Does not accrue interest while you are in school at least half-time these loans are only available for undergraduate students.
- Unsubsidized Loans
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Theses loans are for both undergrad and graduate students, they start accruing interest as soon as you take them out.
Lenders
Have you heard of an loan servicer? This term is typically referenced when one takes out a private student loan.
If you have financial need after you use all of your loans provided by the Federal Government from your completed FAFSA. You will have to contact your loan servicer to learn on how to start paying on them. You can find your loan service by visiting your dashboard on studentaid.gov and look for the My Loan Servicer section.
Here are some resources that can help you with paying off your student loans.
- Federal Student Aid: To find all the information regarding your loans and how to pay them.
- You Can Deal With It: Wonderful source to help you calculate different ways to repay your loans, debt, budgeting and consolidation.
Budgeting
A budget is a tool that helps you strive on making smart financial decisions in your daily life especially in your college career.
The following YouTube video is from studentaid.gov. It's important to make goals on how you will make certain payments or purchase big ticket items.
Budgets also help students figure out how they will be able to afford, tuition, housing and any other educational expenses.
Here are some resources that can help you with maintaining your credit.
Intuit Mint: User friendly application that will help you manage your budget.
Credit
Credit is the ability to obtain goods & products before paying for the product. Credit is obtained by trust of an financial institution. It is very important to take time and understand how to gain and manage your credit especially if you are interested in finding an apartment, or financing a car in the future.
Here are some resources that can help you with maintaining your credit.
Annual Credit Report: With this site you can check your free credit report from each of the three credit burrows once a year.
My Great Lakes: Loan Servicer site that shows why it is important to have credit.
Contact Us
Contact Information
- Campus Address
- Zimbar-Liljenstein Hall 110
- Phone:
- (570) 422-2800
- Fax:
- (570) 422-2850 (Fax)
- Title of Department Leader
- Director Financial Aid
- Name
- Leo Hertling
- E:
- fa@esu.edu
- Phone:
- (570) 422-2828
