April is Financial Literacy Month

April, as proclaimed by Congress, is a time to recognize that “taking ownership of your future” should be everyone’s goal, by becoming more financially literate. This is especially important for students, as the cost of higher education can be incredibly expensive! Now might be an ideal time to engage in a conversation with your student about spending habits, loan repayment plans and employment, as well as ways to perhaps spend less. The Financial Aid website has some very useful information about financial literacy that should help get the conversation started. You can visit this page here to identify ways your student can become more financially literate. Many young people are unprepared to take charge of their financial future, and may not be aware how their current spending habits can directly impact their future. Since these concepts don’t necessarily come easily, refer to our resources to become more familiar with what your student may be struggling with. Along with their diploma, having a sound financial education will help your student be as prepared as possible to enter the next stage of their life.