Typically, student financial literacy pertains to personal finance matters such as: financing college and financial aid; credit; loans and borrowing; insurance; career planning; investing; taxes; and post-college financial planning, including student loan repayment.
Concord University Commitment
Concord University is committed to providing financial literacy education to all students. The financial literacy workshops, presentations, and tools are part of the initiative to promote knowledge and understanding of personal finance matters.
Upcoming Financial Literacy Programs
Financial Aid/Financial Literacy Workshop
- Wednesday, Nov. 15 and Thursday, Nov. 16 from 3-4pm, Pais Fellowship Hall in University Point. (Open to all CU students, Required for UNIV)
Previous Financial Literacy Programs
Money, Money, Money: Being Financially Smart - Coordinated by the Academic Success Center (ASC), Division of Business, & the Office of Student Affairs
The workshop contained a panel discussion with experts from BB&T, the Division of Business, and the Financial Aid Office, question and answer session, and reception with door prizes.
BB&T Bank Bus - Coordinated by the Academic Success Center (ASC) and the Local Athens BB&T Branch
The BB&T Bank Bus is a full interactive mobile financial classroom staffed by financial experts. Topics included accessing the free annual credit report, exploring a web-based Credit 101 and Money Smart Financial Education, searching unclaimed property, and viewing the College Foundation of WV (college planning, scholarships, etc.).
Additionally, financial literacy topics are covered during UNIV 100, a course every new student must complete.
Concord University Resources
CashCourse - CashCourse can help you understand and plan a budget and your expenses.
CU Student Loan Dashboard - Provides a picture of a student’s federal loan status, including the amount borrowed to date, potential repayment amount, borrowing limits, and percentage of academic program completed. Currently, only for undergraduate students.
Located in your MyCU, under the "Student" tab
All students are encouraged to become informed consumers, particularly about how much they have borrowed and the importance of student loan repayment. While student loans can be an excellent way to help finance an education, students are cautioned to only borrow the minimum amount needed. Unlike grants, loans must be repaid, with interest.
For most students, the federal loan program is their first encounter with borrowing and establishing credit. Failure to repay student loans can result in default with negative consequences for both the student and institution. For students, this might entail having paychecks and/or tax refunds garnished (taken directly from a paycheck/refund); a poor credit rating, which hurts future borrowing and increases the amount of interest charged on future loans and credit cards; inability to obtain future financial aid; and other penalties. Institutions are penalized when students default on their loans by having restrictions placed on their current students’ ability to borrow and through disbursement restrictions.
For problems accessing the Dashboard, please contact the Technology Services Help Desk at firstname.lastname@example.org or 304-384-5291.