Mapping Your Future offers various financial literacy tools
By Beth Ziehmer
March 22, 2018
April is financial literacy month. Mapping Your Future has several tools to help you educate your students all year, especially during financial literacy month.
These tools include:
- The Financial Literacy counseling session and the corresponding 12-Step Guide to Financial Success
- Website content, including the Manage your money page
- You can follow Mapping Your Future on Facebook and Twitter and share tips with your students. The daily posts and tweets in April will focus on financial literacy topics.
- You also can follow Mapping Your Future Financial Solutions on Facebook, Twitter, and LinkedIn. If you want to learn more about Mapping Your Future Financial Solutions, contact us.
- Mapping Your Future offers several student loan and money management calculators:
- Loan consolidation calculator: Allows borrowers to estimate the repayment period, interest rate, and repayment schedule if they consolidate
- Debt/salary wizard:
- Helps students and parents determine how much salary is needed to support the payments on current and future student loan debt and how much the student can borrow based on future expected earnings.
- Estimates standard repayment for student loans
- Deferment navigator: Allows borrowers to determine deferment eligibility based on when their oldest outstanding loan was disbursed
- Student loan repayment calculator: Allows borrowers to estimate payments on federal student loans, as well as determine how much salary is needed to support student loan debt
- Income-based repayment calculator: Allows borrowers to estimate monthly payment amount under the income-based repayment plan
- Budget calculator: Allows students to create a monthly budget, reminding them of various expenses including transportation expenses, grocery items, and miscellaneous expenses
- Checkbook balancing tool: Enables students and families to reconcile their bank statements to their check register each month (without storing their information)
- Savings calculator: Allows students and families to see how valuable saving can be, estimating future value of an investment
- A presentation on default prevention and money management techniques for students and borrowers, allowing high school counselors and financial aid professionals to download and customize it.
- Recordings of past Mapping Your Future webinars, include several webinars with information on default prevention and financial literacy.
- The Mapping Your Future Higher Ed News includes articles on default prevention and/or student loans and money management. You can run some of the articles in your own publications and communications for students and borrowers, while others provide you with information about new tactics and tools. Individuals can subscribe at mappingyourfuture.org/services/HENews.cfm.
- EX$EL, Mapping Your Future's cost-effective financial literacy and default prevention program.
Contact the Mapping Your Future staff at firstname.lastname@example.org or (800) 374-4072 with any questions.