GEN1000 - Orientation
Financial Literacy 101
New students who are more money-savvy will be more successful in affording their college education. The inability of students to afford college costs is a common reason for students not to continue at Terra Community College. According to the Jump Start Coalition for Personal Financial Literacy, only 10 percent of current high school graduates received any kind of instruction in personal finance. In contrast, 95 percent of all college students have credit cards according to Business Week magazine. Student loan indebtedness continues to increase for students at Terra Community College. The Financial Literacy 101 module will introduce students to the basics of personal finance.
NOTE: The Financial Literacy 101 module is part of the Colleges Student Loan Default Management Plan.
Learning Objectives:
Students will learn:
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Ideas for managing costs as a college student;
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The impact of various choices in the use of credit cards;
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How to prepare a personal budget
Contact Information: ext. 2347 or dstearns@terra.edu
Required resources:
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Its Friday Night and Youre Broke *
- Your Credit, Your Life, Your Choice *
(These booklets are published by Great Lakes Educational Loan Services (GLELS) and are provided free of charge. Students may pick up booklets in the Financial Aid Office.)
- Managing My Money - Budget Manager
(available at www.glhec.org)
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Activities/Assignments:
- You will need to obtain and read two pamphlets from the Financial Aid Office, Its Friday Night and Youre Broke, and Your Credit, Your Life, Your Choice.
- After reading these two pamphlets, you should will complete the worksheet activities. Open this worksheet as either an MS Word (.doc) file or as a Rich Text Format (.rtf) file.
- Then, you should access the www.glhec.org website to use the budget manager tool and complete and print a personal budget. Instructions for this activity are available as an MS Word (.doc) file or as a Rich Text Format (.rtf) file.
- Attach your personal budget printout to your pamphlets worksheet and place them in an envelope; make sure your instructors name is on the envelope; and then place the envelope in the mail drop box (located on the second floor hall of building B, outside of the Print Shop and across from the TerraVue restaurant.)
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Updated 8/09/06
