Budgets
Give an example of a "Need"
Housing, food, clothing, utilities, and transportation
How often should you do a FAFSA?
Each "academic year". An academic year starts in the Fall, and ends in the Summer semester
How long can a negative entry on your credit report stay on your credit report?
7 years
Where do you go, or who do you talk to if you have any questions about Saint Paul College?
Your instructors, Title III team, other advisors and staff at the college. Collectively, we are here for your success!
Give an example of a "Want"
These are items we'd like or want to have, but not something we would need. Examples include: Clothing, technology, shoes, food, entertainment
What financial aid do I need to pay back?
Loans
If we are building a credit score, what percent of the card maximum do we want to stay under?
10%
How long of a period of time can I do a budget for?
Month, semester, or full calendar year
What financial aid do I not need to pay back?
Grants
How do we monitor our spending? What is the name of the app you can download to help with tracking our spending?
Budgeting and Mint
Give an example of income from Saint Paul College outside of working a job
Grants, Work Study, scholarships, and loans
Where can I go on campus if I need help completing a FAFSA?
One Stop office, Financial Aid department, contact Title III (Me)
When paying the minimum monthly payment, how much money would go to paying down our balance if we pay $5? How much goes to interest?
$2 will go to what we owe/our credit card balance, and $3 will go to interest!
What is a "fixed" expense?
Necessities with the same prices every month
Ex: Living expense, cell phone/internet bill
Where do I find the results from my FAFSA?
In eservices, under the "Financial Aid" tab
What percent of our credit score is based on our payment history?
35%