Financial Aid Office
Financial Literacy and Related Websites
FINANCIAL AID AWARENESS COURSE REQUIRED FOR LOANS:
If you are interested in borrowing under the federal student loan program, you must complete a Financial Loan Literacy course and have the results submitted to LSSU before your loan will disburse.
To complete this requirement, go to the Student Loans website at https://studentloans.gov and sign in with your PIN to complete the Financial Awareness course.
Choose the "Complete Counseling" option and select the second counseling session called "Financial Awareness Counseling".
Select Lake Superior State University (002293) as the School to Notify.
When you have successfully completed all of the Check Your Knowledge questions, submit your results to LSSU and print your Completed Counseling page for your records.
The results will be electronically sent to LSSU within three days, which will allow any loans in process to post to your account.
If you have questions about this requirement, please contact the Financial Aid Office or read more about the counseling on our website.
Please note that the estimated cost figures shown in the budget calculator represent a full year of expenses for an average student and do not reflect the amount you need to borrow.
THIS REQUIREMENT IS IN ADDITION TO THE MANDITORY ENTRANCE COUNSELING!
For more information see the following links:
- www.michigan.gov/mistudentaid :
a very helpful and informative site by the State of Michigan. Click on Borrowers, then on Financial Resources Database. Choose from the drop down menu of many sources of a variety of topics.
- www.debt.org: America's Debt Help Organization. Check out the Student Loan Center as well as the numerous other links for overall debt management and financial education.
- www.collegeanswer.com : sponsored by Sallie Mae Corp. Designed to provide assistance to a variety of matters encountered when deciding to go to college, from selection to financing.
- www.mappingyourfuture.biz/money : a general money management site geared to address money and careers issues from a variety of age ranges.
- www.Salliemae.com : a couple of good links are the “education investment planner” and “be debt savvy”
- www.annualcreditreport.com : a FREE credit report – no strings attached. You can request one per year.
- www.creditcardinsider.com/credit-cards/students: Great information about using credit cards responsibly, as a student.
- www.jumpstart.org : A private organization designed to increase personal financial education for all ages. Scroll down and click on the “Clearinghouse” link. There are hundreds of free publications on a variety of topics.
- www.donotcall.gov : Register your phone numbers to decrease phone solicitations.
- www.finaid.org/loans : Sponsored by CitiGroup, a good informational site regarding financial aid and loans.
- www.bls.gov/oco : Bureau of Labor Statistics. Search the Occupational Outlook Handbook to find “entry-level” starting salaries for various occupations.
- www.irs.gov : Publication 970 provides information on all tax benefits for education.
- www.ftc.gov/bcp/consumer.shtm : Federal Trade Commission (FTC) provides practical information on a variety of consumer topics including automobiles, computers and the internet, credit and loans, telemarketing scams, identity theft, privacy, and security.
- www.nefe.org : National Endowment for Financial Education. NEFE is a national non-profit foundation dedicated to financial literacy efforts. Check out the Financial Literacy Resource Center.
- www.myfico.com/CreditEduation : Fair Isaac and Company (FICO) credit education center provides detailed information on understanding credit and credit scoring.
- www.insure.com : Provides articles, facts and tools regarding obtaining all types of insurance.
- www.handsonbanking.org : Fun program that covers the basics of good money management for all ages, and the skills you need to create a brighter future. Blog.wellsfargo.com/studentloandown: Interesting information, and opportunity to ask questions about borrowing for college, repaying debt, budgeting your money, and more.
- www.beyond.com : job search web site
- http://content.monster.com : career advice
- Repayment Tips for Struggling Borrowers : Helpful information for student loan repayment problems.
- GreenPath: Debt Solutions for students struggling with payments on student loans, and/or any other type of consumer debt (credit card, car loan, mortage). FREE one-hour discussion with a financial advisor who helps you explore options and create a plan for financial success.