Financial literacy is 的 ability to underst和 和 use financial skills such as personal financial management 和 budgeting. When people are able to fully meet current 和 ongoing financial obligations 和 can feel secure in 的ir financial future, it leads to a lifetime of financial well-being.
The 金融援助 Office at MCCC is committed to helping students through 的 steps to apply for financial aid to fund 的 cost of college. Our goal is to help students underst和 的ir finances, secure funding to help pay for college, plan for repaying student loans after college, 和 regularly review personal budgets as part of practicing good financial habits.
MCCC的学生可以免费使用 iGrad, a personalized money management tool that can help students make informed financial decisions. 使用 iGrad students can complete a Financial Wellness Checkup 和 build a strong foundation for 的ir financial future.
iGrad将:
- Help you reach your financial goals one step at a time
- 为您提供免费的, online platform to help you improve your money management skills 和 personal finances
- Keep you up-to-date on 的 latest news 和 information on loans, loan repayment, 和 managing debt
There are many types of financial aid available to MCCC students. 我们鼓励学生提交 FAFSA every year to apply for financial aid. 基于FAFSA的结果, 的 金融援助 Office will determine what type 和 amount of financial aid a student qualifies to receive. Many MCCC students receive multiple types of financial aid, so it is important to underst和 的 differences between 的 funds that are included in 的 financial aid offer.
- 礼物的援助: 奖助金 和 奖学金 are forms of financial aid that do not have to be repaid.
- 贷款: 学生贷款 are funds that students borrow 和 must repay with interest.
- 工作研究: Students can earn money to help pay for school by 在中冶工作 作为学生助理.
In addition to providing students with 的 financial resources to pay for tuition, 费用, 和书籍, 的re are additional benefits for students who receive financial aid.
- Scholarships: Highlighting 奖学金 received at MCCC on a resume 和 on admissions applications for students who are transferring to a university after graduating from MCCC help students st和 out in 的 application process.
- Student 贷款: Borrowing conservatively 和 paying back student loans on time helps build credit. The 金融援助 staff are available to meet with students to help 的m review 的ir college budget 和 calculate how much 的y need to borrow to cover 的 cost of tuition, 费用, 和书籍.
- 工作研究: Having a work study job allows students to pursue academic excellence while having a flexible part-time job that will help support 的m financially 和 providing work experience. Students keep what 的y earn 和 work-study jobs on campus are convenient 和 compatible with class schedules.
Preparing a budget doesn’t have to be complicated 和 的re are many benefits to establishing a personal budget that is reviewed on a monthly basis.
- Helps you to work toward achieving long-term goals
- Helps you to avoid spending money you don’t have
- Helps you to be prepared for unexpected financial emergencies
- 帮助你管理债务
- Helps you to organize 和 manage savings
预算基本知识:
- 列出你的收入来源
- 列出你的开支
- 小钱攒起来很快
- If your monthly spending exceeds your monthly income, look to cut back on non-essential expenses
Additionally, MCCC students who will receive a 经济援助退款支票 和 intend to use 的 funds to cover semester expenses o的r than tuition 费用 和书籍, should take into considering 的 following when planning 的ir budgets:
- Most students only receive one 经济援助退款支票 per semester
- The first round of 经济援助退款支票s are normally mailed 的 fifth week of 的 semester
- The second round of 经济援助退款支票s (primarily for 首次贷款借款人) are normally mailed 的 seventh week of 的 semester
美国.S. Department of Education offers several payment plan options (standard, 扩展, graduated or income-driven payment plans) for students who borrowed Federal Direct 工作人员ord 贷款. 你每月还款额, 的 number of monthly payments 和 的 total amount you owe with interest varies depending on 的 payment plan you choose. For more information about 的se loan payment options, visit 的 U.S. Department of Education’s website for 直接还款计划.
To estimate your monthly payment on your student loans 和 review which payment plan(s) you may be eligible for, 的 还款估算工具 at 热门产品.政府 uses real-time data for that calculation. Sign in with your federal FSA ID to access your data.