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Financial Literacy

Office of Student Financial Aid

The Office of Student Financial Aid helps students navigate financial aid issues as they complete their studies at the University of Maryland. Their website offers a useful overview of financial literacy topics, including budgeting, financing your education, credit, spending, saving, and investing.

For more information, visit their financial literacy website at: http://www.financialaid.umd.edu/literacy/index.php

iGrad

iGrad provides interactive tools on financial literacy and planning, designed to help you gain skills and knowledge on the student loan process, good credit decisions and preparation for the future. In just 30 seconds, you can create a profile and start seeing content customized to fit your needs. Utilize iGrad's full library of resources including short video presentations, webinars, educational games, calculators, a job and internship search tool, and current, relevant articles on a wide array of financial topics.

Making $ense of Your Money

The UMD Graduate School hosted a Financial Literacy workshop series. The series consists of four sessions:

  • Creating Wealth through Savings, Pensions and Investments by Dr. Eric Wish, Associate Professor of college of Behavior and Social Science
    •  When you take your first job, will you know how to invest your 401k contributions? Do you know what an IRA is and whether a traditional or Roth IRA is better for you? Do you know when you should start saving for retirement? This workshop draws on Dr. Wish's 40+ years of investment experience to help you answer these questions. He discusses resources that he has found invaluable for teaching himself how to manage his investments and build his retirement funds.
  • Understanding How Credit Works by Ann Holmes, Assistant Dean, Administration of Finance, College of Behavioral and Social Science
    • Your credit score will be one of the most important numbers in your life. It might determine the jobs you get, where you live, how much you pay for insurance, and the price you pay for borrowing money for years to come. Understanding how to build a credit rating that will determine your credit score is key to ensuring a successful financial future. This workshop reviews the components of a credit report and score and looks at ways to begin building a solid credit history. Additional material includes an introduction to credit unions and how they might benefit you and your financial future.
  • Your Financial Future -- Today by Dr. Jinhee Kim, Associate Professor and Family Finance Specialist, School of Public Health
    • Change your financial future, today! The decisions you make today play a vital role in your financial security. Many people wish they could go back and change the decisions they have made. This workshop teaches the foundations of financial planning, shares online personal financial management tools to try, and offers some immediate steps that you can take today to ensure a better tomorrow. Topics include developing and achieving financial goals, creating and managing a realistic spending plan, and protecting and building wealth.
  • How to Manage Repayment of Student Loan Debt by Jemika Hanberry, Financial Counselor.
    • This workshop shares helpful information about how to manage repayment of student loan debt along with other financial responsibilities you may have upon completion of your degree. Topics include budgeting, determining needs vs. wants, and setting financial goals

You can watch each of the four sessions by visiting the grad school website.