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Financial Literacy


Budgeting helps you clear out any costs, reach your goals, and get a good start on building your credit.

In its simplest form, budgeting means having control over your income and expenses. When you budget, you notice a difference in how you spend your money.

First Time Loan Borrower

This section elaborates on subsidized loans and unsubsidized loans, what it takes to obtain a loan, exit counseling, and managing/repaying your loan.

Using Federal Direct Stafford Loans, you can access information on these topics and become a master at managing your loans.


The National Student Loan Data System (NSLDS) is there to help students understand and see information on their Federal loans like loan amounts, enrollment status, balances, and disbursement.

*Not for private loans (for those, you go directly to original lender)

Check out how to manage your loans through Federal Student Aid.

Loan Consolidation

Students can consolidate several of their federal loans into one. There are some pros and cons to consolidating loans. Not for private loans.*

Loan Forgiveness

Direct Loan Forgiveness Programs:

  • PSLF
    • The encouragement of working in public service fields became popular with the benefit of loan forgiveness under certain circumstances. Using Public Service Loan Forgiveness, the remaining balance of the borrower's loans may be eligible for forgiveness if the borrower has made 120 payments under a certain repayment plan while working in a public service job.
    • Answers on how to qualify, what jobs qualify, the process of applying and most other questions may be found using this Public Service Loan Forgiveness Guide and the PSLF FAQ page.

  • Teacher Loan Forgiveness
    • For teachers, there are two kinds of loan forgiveness programs:
      • Teacher Loan Forgiveness for Federal Loans
      • Teacher Cancellation for Federal Perkins Loans

For more information, please visit the Teacher Loan Forgiveness page.

  • Perkins Loan Forgiveness Programs
    • Federal Perkins Loan Cancellation depends on the qualified employments or qualified volunteer help given and the time span that you were in such a position. Forgiveness of your Perkins Loan may happen under certain circumstances.

    Some qualifying positions may include teaching jobs for urgently needed areas, military, medical and legal fields.

    More information on Cancellation of Federal Perkins Loans can be found at Perkins Loan Cancellation and Discharge Information.


This section talks on what it takes to build good credit, how to sustain it while in school, and how loans affect your credit score.

From borrowing money to paying interest, credit will always play a major role in finance. What is credit? How does it work? What types of credit are there? These questions, account activation and more are answered in the WhichWay Website section below. 

Check out this helpful credit article How To Build Credit As A College Student from Bankrate.


Choosing a bank might be an exciting financial step to take and should not be difficult.

There is a wide variety of banks to choose from. Within those banks, there are several types of accounts. The most basic accounts are: Checking Account and Savings Account.

Check out How to Choose a Bank That's Right for You from for more details.

WhichWay Website

This site will incorporate a sense of Financial Literacy all around the student. This website is designed to inform anyone in SXU about different financial literacy topics. From student loan management, to increasing credit, to financial aid information. There is great knowledge to be learned here, and it is all simplified through a versatile website. Account activation needed (name, email, ID, and birthday required).

To find out more about this Financial Guide please contact:

Rafael Valencia
Phone: 773-298-3079