Financial Literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, understands borrowing and the importance of good credit, how he/she invests it (turns it into more) and how that person donates it to help others.
More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.
State Financial Literacy Tools
(https://studentloans.gov/repay) is a quick and easy tool for student loan borrowers to learn more about their repayment options based on 3 simple questions!
Free Financial Education Resources:
- Indiana University Money Smarts Podcasts
Financial Aid Presentation Downloads