Financial Literacy

For most students, college is seen as an opportunity to continue their formal education and prepare for the intended career goals. But attending college also provides an opportunity for students to further develop their life skills, such as time management, interpersonal skills, as well as their money management skills or "financial literacy".

Financial Literacy is a persons understanding of their own personal financial standing. In addition, it is one's knowledge of money management skills to make smart economic decisions to foster a strong personal financial foundation.

Basic Financial Literacy Topics



  • CARE Program: The Credit Abuse Resistance Education Program is a free financial literacy program which makes bankruptcy professionals available to educators, students and the public to illuminate the dangers of credit abuse.

  • Consumer Credit Counseling Service of Rochester: The CCCS of Rochester is a non-profit community service agency dedicated to educating and empowering individuals and families to take control of their financial lives.

  • HESC Smart Borrowing: HESC provides guidelines on borrowing student loans, budgeting calculators, and other financial literacy tools.
  • Inceptia Financial Education: Inceptia's financial education program offers free online courses to help students with budgeting, credit history, identity theft, and other additional topics


  • Mapping Your Future: Mapping Your Future's "Manage your money" program provides resources on budgeting, credit cards, identity theft, and other Financial Literacy topics.

  • The Financial Literacy and Education Commission (FLEC) has created a financial literacy education website that enables users will to find information about how to plan for a multitude of life events that have financial implications, such as birth or adoption of a child, home ownership, or retirement. The site also provides money management tools including a financial savings calculator, worksheets for establishing a household budget and a college preparation checklist.

  • SALT Financial Literacy Program: American Student Assistance (ASA) has created a self-directed financial literacy program that teaches money management skills through interactive formats.
  • SUNY Smart Track Financial Literacy: SUNY has created a financial literacy education web site designed to help students and familes understand the costs associated with attending college and develop a financial plan for the future.