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Personal Financial Literacy

What is Financial Literacy?

What is Financial Literacy?

Financial literacy refers to the skills and knowledge required to maximize financial resources effectively. This includes, but is not limited to, financial competencies related to budgeting, saving, investing, and general decision-making regarding an individual's personal financial goals.

Resources at the University of Iowa 

The Office of Student Financial Aid -- Financial Literacy Services

  • Financial aid advisors are available to meet with you one-on-one to assist with applying for financial aid, budgeting, understanding credit, borrowing wisely, loan repayment options, etc.

The Office of Student Financial Aid -- UI Financial Literacy Resources 

  • Cash Course: offers a variety of information to assist students in becoming financially informed. Topics include building money management skills, managing debt and living on vs. off campus
  • Federal Student Aid: allows you to login with your FSA ID and password to view current federal loan totals and loan servicer information. Also offers information about federal grants and loans including types of federal aid, loan repayment plans and loan forgiveness options.
  • Federal Loan Repayment Simulator: calculator that allow you to view the various federal loan repayment plans based on your loan totals and income
  • Bureau of Labor Statistics (BLS): source of information about earnings and employment outlook in various industries
  • Take-Home Paycheck Calculator: estimates expected take home pay after taxes and deductions based on annual salary

What is Financial Literacy? by NYU Student Link