Managing Your Money

Financial Literacy

    Financial Freedom
Financial Literacy Workshops

Students with "FA Workshop" listed on their MyCampus To Do list are required to attend.

Students who want to learn more about Money Management are also encouraged to attend.

Click here to register or to learn more.

Tools
Financial Literacy Websites
Games
Quizzes
Videos, Webinars, Podcasts, & Other Publications

The Path to Financial Freedom

It is essential for students to develop financial literacy skills. Decisions made before and during college will have a major impact on your future. Before making financial decisions, it is important to educate yourself. Provided below are a variety of resources aimed at helping students make informed financial decisions.

1) Apply for financial aid to determine whether you qualify for help paying for college.  

2) Monitor your student loans, avoid borrowing more money than you actually need, and know which repayment option is the best fit for you.

3) Establish, build your credit, and monitor it regularly. In today’s society, having good credit is essential if you ever plan to purchase a new home or car.

  • Obtain 1 free annual credit report every 12 months from each of the nationwide credit bureaus - Equifax, Experian and TransUnion. 
  • If you have old debts, contact your creditors and inquire about the possibility of setting up payment plans.
  • If you need to establish credit, consider obtaining a secured credit card. Educate yourself about secured credit card scams before choosing this option.
  • Pay bills on time. Late payments can have a detrimental effect on your credit score. Organize due dates by creating a bill schedule.

4) Educate yourself about credit cards.

5) Budget your money. Not budgeting is one of the top mistakes college students make.

  • Spend your financial aid refund wisely. Open a checking or savings account so you do not have large sums of cash at your disposal. 
  • To help manage your money, use the budget-by-semester tool to plan for 1 term or the student budget tool to plan for an entire academic year.
  • Take advantage of student discounts, which many area businesses offer.

6) Guard your personal information in order to minimize the possibility of having your identity stolen.

7) Identify ways to reduce spending and save whenever possible.

8)  Avoid payday loans, which are known to have extremely high interest rates, rent-to-own centers, pawnshops, and check cashing stores. 

9) Graduate from college. 

Announcements

15 to Finish: Add a Late-Start Class Today

Take at least 15 credit hours per semester and you'll be closer to graduation and closer to your career. There’s still time to add a class to your schedule. Late-start courses begin March 23.
   
Click here to see the short-term class schedule and to register.

Use Caution in Parking Lots

Workers are replacing the light fixtures on campus roads and parking lots. Some roadways and parking spaces will blocked off during this time. Please be very careful and slow down.
  
Parking Lot 7 Closed
Parking Lot 7 (Click for Campus Map) will be closed from Monday evening, February 23 to Friday, February 27.

MyTuition Guarantee

LCCC students now have the opportunity to participate in the MyTuition Guarantee. This new program holds tuition and fee rates for students registering in fall 2014, spring 2015, or fall 2015 for up to three years or until the completion of a degree, whichever comes first.
  
Click here to learn more and to complete the Completion Pledge. 

MyUniversity

Students can save up to 80 percent on the cost of a traditional college degree. Learn more at www.lorainccc.edu/myuniversity.

Financial Aid Filing Fairs

LCCC will offer free help for anyone filing a FAFSA form - regardless of the college they plan to attend - at a series of Financial Aid Filing Fairs held in February and March. Click here for details and to register online.

Sign Up for Text Alerts

Sign up to receive text message alerts in the event of campus emergencies, campus closings, campus power outages and severe weather announcements at www.lorainccc.edu/alerts.

MBA Program Begins in Fall 2015

Beginning in fall 2015, Youngstown State University’s Williamson College of Business Administration will offer a master’s of business administration degree through the University Partnership. Learn more.