When you’re a student, it can feel like money is always tight. With bills, rent, and tuition to pay, having a solid financial foundation is very important. That’s why KCTCS hopes to help you with a wide range of financial topics, from loan repayment to creating good credit.
You can use the financial literacy tools on this page to help increase your financial knowledge and build real-life money skills.
Financial literacy is an essential life skill for the 21st century. Increase your financial knowledge with Cash Course.
Want to make the most of your money? View these short videos on topics that will help!
Making the most of your money!
Who gets aid?
Establish a budget that records your money both incoming and outgoing. Avoid spending what you do not have and monitor what you do spend.
Paying all your debts on time will help you establish and maintain a good credit history, so it's important to make debt repayment a priority expense in your budget.
Prevention of identity theft will depend on your actions with personal information such as your name, address and social security number. Keep your information safe.
A credit report is a collection of information about you and your credit history. Your credit report has a score that will inform creditors if it is safe to lend money to you.
Make absolutely sure that you borrow only what is needed for your college expenses. You want to maximize and exhaust scholarship, grant and work opportunities before considering a student loan.
Credit cards are considered loans or advanced money that you will have to repay with interest. Select the card with the lowest interest rate.
Although retirement seems far off, start saving as soon as possible. Save for your short-term needs, too. Try to save at least six months' worth of expenses in a savings account, so that you'll have funds in an emergency.
Check out this video to learn how the Free Application for Federal Student Aid (FAFSA) gives you access to grants, loans and work-study jobs that can help fund your education. Visit StudentAid.gov to learn more.
FAFSA Overview Video
More information about federal student aid
These links are provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Kentucky Community & Technical College System. KCTCS bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. Contact the external site for answers to questions regarding its content.
The Kentucky Higher Education Assistance Authority (KHEAA) website contains instructional videos on financial literacy and is dedicated to instructing students on how to control their finances. You can also download their financial flyer (pdf).
It's Money Baby!
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Kentucky Community and Technical College System
300 North Main Street, Versailles, KY 40383
Phone (859) 256-3100 | Toll-Free (Kentucky only) (877) 528-2748
KCTCS is an equal educational and employment opportunity institution.