Financial Aid

Financial Literacy Information and Awareness Counseling

Financial Aid Literacy Information is designed to assist both current and future students with becoming acclimated to some of the concerns that surrounds students/parents when deciding which college to attend. Several questions arise such as; Will I be able to afford college? Is college for me? How do I budget my money for college? Where will I get the money from to go to college?

These questions and many others can be answered by visiting the various different informative sites that are listed below.

Providing links to Web sites outside Schoolcraft College do not constitute an endorsement by the College or the Office of Financial Aid of the sites’ sponsors or of the products presented on the sites.

Financial Literacy Information

• Student Aid on the Web
  This site is the gateway to U.S. Department of Education information and services for students.

• Mapping Your Future
  Mapping Your Future is your free resource for career, college, financial aid, and money management information.

• Manage Your Money
  Assists you with the understanding Understand where your money is coming from, where it’s going to, and how to make sure that the way you manage your money falls in line with the values that matter most to you.

• Money Management 101
  Are you a skilled spender and saver? This page provides financial literacy tips and resources to help you minimize debt and get started on a road to prosperity.

• Student Financial Aid – Paying for College
  This site highlights some great information about the state of Michigan’s Financial Aid programs. It assists students with more avenues of aid other than the Federal funding.

• FinAid! The Smart Student Guide to Financial Aid
  Numerous sources of information about student financial aid, including free online scholarship search databases. There is information provided about known scholarship scams, how to recognize scams and how to report them.

Financial Awareness Counseling

• Financial Awareness Counseling
  The Financial Awareness Counseling Tool aims to provide students with basic financial management information, such as their current loan debt and estimates of debt levels when interest accrues after graduation.

Students and Parents College Publications

• NASFAA’S Cash for College
  The National Association of Student Financial Aid Administrators publication explains the financial aid application process and the role of the financial aid office in the process.

• Paying for College in Michigan
  An education guide for students and those who want to see them succeed.

• College Is Possible
  College Is Possible (CIP) is the American Council on Education's K–16 youth development program that motivates middle and high school students from underserved communities to seek a college education.

Maintaining Your Credit

• Identity Theft and Your Social Security Number
  How to protect yourself against Identity theft and how to report it if he happens to you.

• MyFiCO
  Get educated about your credit and how it is used and your scores are determined. This site includes various tips on how your score is calculated and tips on improving your score through budgeting.

• Calculators and Interest rates
  The Department of Education have placed many resources on their website for our students to become aware of their potential repayment methods when borrowing student loans.

• Credit Card Smarts
  If you have a credit card, using it responsibly now can save you from having to dig yourself out of debt later. It can also save you from the problems that come with a bad credit history.