Financial Literacy
The name of the Financial Literacy program Gateway Technical College offers FREE to our students
The first "F" in the FAFSA acronym stands for this
What is "free"?
Varying organizations and businesses often offer these to lessen the cost of education. This type of funding must be applied for and is offered to students based on academic or other achievement and does not need to be paid back.
Scholarships
This is something we recommend memorizing. You will be asked for this when calling a Student Finance Specialist.
Your Gateway student ID number
True or False
Gateway has an expansive list on our website of resources for students covering the following needs: child care, financial, food, health services, housing resources, mental health services and counseling, technology, crisis services, immigration, education assistance, legal and tax assistance.
Name a well-known financial "guru"
Dave Ramsey
Suze Orman
Bola Sokumbi
Humphrey Yang
Graham Stephan
Tiffany Aliche
Jeff Rose
Michael Kitces
The forms/items helpful to have available when filling out the FAFSA.
Federal tax returns, W2s, Social Security Number, current amount of cash, Savings/Checking accounts/investments.
The frequency we recommend checking your Gateway student email
While enrolled, check your email daily.
Between terms, check your email a few times a week.
*We can only reply to your Gateway-issued student email account.*
The hourly rate Lawyers for Learners charges our students for legal help.
$0 - it's a FREE service!
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Experienced legal experts for a range of topics including family law, criminal record expungement, housing issues and immigration.
2023 average American household debt
$104,215
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(comprised of: Mortgage, Home Equity Revolving Line of Credit, Credit Cards, Auto Loans & Misc.)
The 4 criteria a student receiving financial aid must meet to remain financial aid-eligible
Minimum 2.00 GPA each term
Minimum Term Completion Rate of 67%
Minimum cumulative (overall) 2.00 GPA
Minimum cumulative completion rate of 67%
To give permission to a 3rd party to obtain information from your student record (your grades, financial information, etc.), this must be completed and submitted.
CONSENT FOR RELEASE OF STUDENT INFORMATION Form
Registrar Forms: Consent for Release of Student Information Form (login to this form using your MyGateway login)
IMPORTANT: Be sure to share your 4 digit Release Code with the person you're authorizing to obtain your information.
-3 credits completed at Gateway
- 2.00 GPA
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(Students can apply for scholarships annually end of August-First part of October)
gtc.edu/foundationscholarships
The factors that contribute to an individual's credit score.
-Payment History
-Length of Credit History
-New Credit
-Amount of Credit you have
The 3 types of aid a student is applying for when submitting a FAFSA.
Grants ("Gift Aid")
Student Loans (must be paid back with interest)
Federal Work Study (opportunity for a part-time job for students with a financial need)
Payment Plan
No payment required to enroll
4 payments due during the semester
$45.00 non-refundable late fee for any payment not made in-full by due date
Gateway's mascot
Rudy the Redhawk
The 50-30-20 rule of Budgeting
It is recommended to put:
50% of your money toward NEEDS,
30% of your money toward WANTS,
20% of your money toward SAVINGS
Where a student can view the status of their FAFSA at Gateway, a list of requested documents and their Financial Aid Award Letter.
MyGateway homepage>Financial Information>Financial Aid Home
3 methods to reach a Student Finance Specialist
Define "Federal Work Study" and the hourly rate of pay.
Federally-funded program that allows eligible students to work part-time (often On-Campus) and earn $15.00 per hour.
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- FWS students can work up to 29 hours per week
- Students may only work while school is in-session (cannot work during break between semesters)
- Detailed program information: https://www.gtc.edu/paying-college/financial-aid/federal-work-study-program