A great resource for becoming familiar with the financial aid process as well as it rules and regulations.
What is the FINANCIAL AID HANDBOOK?
100
Short term type loans charging an annual percentage rate as high as 3-400 percent.
What is a pay day loan?
100
A history of your money management decisions creates a number which directly impacts your ability to obtain a credit card, buy a car or home, rent an apartment, or even get a new job.
What is your credit score?
100
Located in room HA-130, it is the perfect solution for avoiding the purchase of clothing at retail prices and everything sells for $1.00.
What is Saints Sharewear?
100
While it might be quicker and more convenient this is much more costly and budget busting than preparing meals at home.
What is eating out?
200
Doing this can cause a student to end up with an obligation to the school for monies received and credits not completed.
What is withdrawing from classes?
200
To avoid this type of charge you must never let your bank account dip into a negative balance.
What is an overdraft fee?
200
Reviewing this at least annually can help you find inconsistencies, correct problems, and can help protect from identity theft.
What is your credit report?
200
Slips of paper used as marketing tools which can be found in newspapers and business establishments and are useful at helping people save money.
What are manufacturer coupons?
200
An easy way of reducing your electrical consumption on a daily basis.
What is turning off electrical appliances?
300
Presently is at 3.86% but will be increased to 5.41% for the 2013-2014 academic school year.
What is the federal subsidized student loan interest rate?
300
An approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
What is debt settlement?
300
Making payments in a timely manner is the best way to improve this number.
What is your credit score.
300
May not be luxurious, but it saves a driver the annual costs of monthly payments, gas, insurance, and vehicle repairs. It is free to currently enrolled SF students.
What is public transportation?
300
A good idea to use as a preventative measure to keep from going over budget and to minimize impromptu purchases when shopping for food.
What is a grocery list?
400
An often misunderstood term. When companies advertise it, they aim to loan you money — with interest, to combine all your debt into one loan payment. (It condenses the amount of loans you have).
What is debt consolidation?
400
Bankruptcy is a legitimate avenue for people to escape insurmountable debt, but these particular loans can not be included in the filing of bankruptcy.
What are student loans?
400
The use of this convenient form of payment can cost you an interest rate of as much as 30 or more percent annually.
What is a credit card?
400
Making a financial schedule showing your income and allowable expenses. Adhering to that schedule on a daily basis as a means to live within the actual net income and not have to incur debt.
What is budgeting?
400
A personal way of saving for retirement through an account set up through a bank or brokerage firm.
What is an Individual Retirement Account (IRA)?
500
The website which provides a schedule of your financial aid history.
This on-line counseling tool provides information to help students understand their financial aid and can assist in managing your finances.
What is Awareness Counseling?
500
The charge made by banks for the use of their money, as in a car loan or home mortgage.
What is interest?
500
An establishment which specializes in selling high quality used items
What are consignment shops?
500
A means of saving for retirement where pre-taxed deductions are made from your paycheck often with the employer matching a portion of the contribution.