SUNY Oneonta's Making Cents Financial Literacy and Wellness Program offers engaging programming, financial coaching and a wide variety of workshops and events to help you enhance your knowledge and confidence in many areas of personal finance such as budgeting, money management, credit scores, savings and investing, loan borrowing and repayment.
Tips for Financial Success
Achieving personal financial success can be a challenge. You can find success by following these steps:
1. Develop SMART Goals*
2. Develop a budget related to your goals
3. Monitor your budget regularly
4. Make adjustments to your budget
*SMART Goals are Specific, Measurable, Achievable, Relevant and Timely
Resources
Managing money while attending college can be a challenge. Budgeting apps may help you keep track of their finances, where you spend your money and how to cut back so you can save more. Check out these options!
Financial Literacy Courses
INTD 1000 is a short 1 credit course offered multiple times during the Fall and Spring Semesters. During the course you will learn more skills to manage your money, information on saving or investing money, and more.
The course will provide students with an introduction to the various concepts associated with managing personal finances necessary for financial decision making in everyday life. The course will offer practical knowledge in such areas as money management, budgeting, financial goal attainment, consumer credit, debt management, time value of money, and the basics of savings and investments.
The focus of FINC 2230 - Personal Finance is on maximizing income through effective tax planning, minimizing income and asset losses through insurance, investing money for satisfying future goals and providing future income, planning for retirement, and protecting one's future estate. This course is usually held during the Spring Semester each year.
All About Loans
A subsidized loan does not accrue interest that you are responsible for while in school. The government pays that interest for you. An unsubsidized loan will accrue interest while you are in school that you will have to pay for. If you are offered both a subsidized as well as an unsubsidized loan and are looking to reduce the amount you are borrowing, ALWAYS reduce your unsubsidized loan first.
Sign into studentaid.gov with your FSA ID. When you click view details will come up with a list of your loans. Click on a loan and it will give you all of the terms of that loan. Then, scroll down and you will see the contact information for your loan servicer.
Governor Cuomo announced in January 2016 that the "Get on Your Feet" student loan forgiveness program is now accepting applications
To qualify, applicants must have earned an undergraduate degree from a college or university located in New York State on or after December 2014, have an adjusted gross income of less than $50,000, and be enrolled in the federal Income Based Repayment plan or Pay as You Earn plan. Recipients will have a maximum of 24 payments, equal to their monthly student loan repayment amount, paid on their behalf. Applications are accepted year round.
Check out this NPR story about lowering your student loan payments.
Contact
Email: makingcents@oneonta.edu
Phone: 607-436-2158
226 Netzer Administration Building
SUNY Oneonta
108 Ravine Parkway
Oneonta, NY 13820