Money Smarts: Build Financial Literacy
College can be a time of newfound freedom for many students. With that freedom also comes the need to understand money management, including how to live within a budget, be responsible with your credit and manage debt. A solid financial foundation can lead to a lifetime of financial success. While the path to financial health can seem perilous, tools like budgets, SLOPE calculators, and loan repayment options are available to help you reach your full financial potential.
What is Financial Literacy?
According to the JumpStart Coalition for Financial Literacy, it is “the ability to use knowledge and skills to manage one’s financial resources effectively for lifetime security.”
At CCD, we want our students to be financially literate, to manage your personal finances and to understand your student financial aid, including student loan debt. Our goal is to provide you with financial information that will empower you to make sound financial decisions and improve your present and long-term financial well-being.
Various financial literacy resources are available throughout campus, including group workshops, one-on-one sessions, campus-wide fairs, online resources, and in-class presentations.
Money Smart Week 2017
Community College of Denver has been a proud host of national Money Smart Week since 2014 and has helped hundreds of students, community members, staff and faculty learn best practices for managing money. During our events, we stress the importance of financial literacy, inform attendees where they can get financial assistance and provide free educational seminars and activities covering all facets of personal finance. This year, CCD's Money Smarts Team presented a two-day event that includes workshop sessions on budgeting, starting a business, managing the cost of education, and financial planning. In addition, there was a financial literacy treasure hunt that brought participants to important resources and departments on the Auraria Campus. By participating in the sessions and/or the treasure hunt, students had the chance to win two scholarships for Fall 2017 semester. Financial literacy organizations also hostes booths and tables to assist attendees with any financial questions they may have.
Attend a Student Success Workshop
CCD workshops are geared toward our students' financial, academic and lifelong success.
Questions about Money Smarts, student loan repayment or financial literacy event programming? Contact Gwen Marshall at CCD.MoneySmart@ccd.edu. She’s the Financial Awareness Manager in the Financial Aid Office and is here to help you understand your finances.
To help ensure your success, we’ve teamed up with Solutions at ECMC to provide you with a single resource for all your student loan-related questions. ECMC is a non-profit organization dedicated to helping students manage educational loans and their resources are available to you free of charge.
Solutions at ECMC | 1.877.331.3262 | www.ECMSolutions.org
Contact Them with Student Loan Questions
- One-on-One Federal Student Loan Repayment Advice
- How to Make Payments
- Know What You Owe
- Forbearances & Deferments – What They Are & Why Do You Need Them?
- Student Loan Forgiveness
NSLDS.ed.gov - This online tracking system is the U.S. Department of Education's central database for student loans and grants. You can use it for
- identifying the types of student loans you have (subsidized and/or unsubsidized),
- finding out how much student loan debt you have and the interest rate on your outstanding loans,
- identifying your student loan servicers and locating their contact information for repayment, and
- identifying Federal Pell Grant usage (lifetime limit is 600%).
StudentLoans.gov - This site is your source for information from the U.S. Department of Education about how to manage your student loans. You can use it to
- complete entrance counseling,
- complete a Master Promissory Note,
- request a Direct Parent PLUS Loan, and
- view your monthly repayment amounts.
StudentAid.ed.gov - This site is the U.S. Department of Education’s general college aid information site. You can use it for to find out about student loan repayment options available to you, including:
- Standard Repayment
- Graduated Repayment
- Income-Contingent Repayment (ICR)
- Income-Sensitive Repayment (ISR)
- Extended Repayment
- Income-Based Repayment (IBR)
- Finding information on deferment, forbearance, and other types of payment relief.
- Researching loan consolidation options for federal student loans.
- Information on student loan forgiveness.
Money Smart Week
Money Smart Week began as a coordinated effort of the Money Smart Advisory Council, a group of 40 Chicago-area organizations working together to promote personal financial literacy. The Chicago Fed convened the Council's first meeting in July 2001. The result was Money Smart Week 2002—six days of focused presentations by community groups, financial institutions, government agencies, educational organizations, and financial experts, all designed to help consumers learn to better manage their personal finances. Today, Money Smart Week is broader in scope and has expanded beyond Chicago to individual events and activities across the United States.
Money Smart Week at CCD
The Community College of Denver (CCD) began participating in Money Smart Week in 2014 and has continued to host an annual event every April. During this event, CCD stresses the importance of financial literacy, connects attendees to financial resources and provides free educational seminars and activities covering all facets of personal finance.
This public awareness campaign at CCD is organized and created by the Money Smarts Team with the goal of helping our students be financially literate regardless of their background and understanding of finances. Our goal is to provide our students with financial information that will empower them to make sound financial decisions and improve their financial well-being while at CCD and for years to come.