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Financial Literacy



To plan a budget and help you clear out any costs, reach your goals and get a good start on building your credit.

Filing/Updating FAFSA


This page gives updates on Financial Aid amid COVID-19, all you need to know to file for financial aid, what you need to make changes to your FAFSA, completing Entrance Counseling and MPN, information on parent loans and verification form assistance.

Please visit the Financial Aid Office at SXU if you want to know more about any of these subjects.

Undergraduate VS Graduate Financial Information


Decipher the difference between an undergraduate student receiving financial aid and a graduate student receiving financial aid.

To learn more about the differences, please visit Financial Aid Options.

First Time Loan Borrower


To elaborate on subsidized loans and unsubsidized loans; What it takes to obtain a loan, what it takes to exit a loan and managing and repaying a loan.

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



To help students understand that the National Student Loan Data System is available to see information on their Federal loans like loan mounts, enrollment status, balances and disbursement. Not for private loans (go directly to original lender.)

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.



Elaborate on what it takes to build good credit, how to sustain it while in school and how loans affect your score. Credit Factors.



Choosing a bank should not be difficult. It is one of the first financial steps you will take. There are several types of accounts, but the most basic ones are checking account and savings account.

WhichWay Application


To incorporate a sense of Financial Literacy all around the student. This app is designed to inform anyone in SXU about different financial literacy factors, from student loan management, increasing credit and financial aid information. There is great information to be learned here, and it is all simplified through an app. Account Activation needed (name, email, ID and birthday required.)