The Financial Literacy Center welcomes scheduled virtual appointments. Our staff is available to meet with students year-round during regular office hours. Office hours are Monday through Friday from 8:00 am - 4:30 pm.
*NEW* - Drop in appointments are available on Wednesdays from 1:00 - 2:00 pm during the fall and spring semesters. A new meeting link will be posted soon.
Unfortunately, due to COVID-19, in-person appointments are being postponed until further notice, but virtual appointments are availabale. When in person appointments resume, the Financial Literacy Center is located on the first floor of Hyer Hall, Room 104.
With a credit card comes financial responsibility and independence. Overspending, high interest rates, and not being able to pay off your balance each month pose risks to college students, which can affect them into adulthood. However, the benefits of a credit card, include establishing credit history and demonstrating responsible use of credit, can both play a role in elevating a credit score for future loans when ready to purchase a car or home. There is not a definitive answer to this question, but each individual needs to make their own decision based on an assessment of their personal financial situation.
When used correctly and responsibly, credit cards can help you build credit prior to graduation. Many major credit card users offer cards designed for students with little to no credit history. Conduct your research, check online articles, and do your homework while taking special notice of annual fees, rewards offered, and annual percentage rates (APRs). Narrow your selection and apply to only one card, for each and every time you apply for a credit card, it is documented on your credit report and can negatively affect your credit score.
College students are regularly inundated with credit card offer invitations via mail or at events. Avoid applying for a credit card at a common table with other individuals, simply to protect identity and personal information. If applying for a credit card online, use the company's secure website from a private, password-protected Internet connection (not public WiFi). Another option is to apply in person with a local financial institution, such as a bank or credit union, which can ensure privacy. Be sure to shred or destroy mailed pre-approved credit solicitations that contain your name and/or address.
The UW-Whitewater Financial Aid Office outlines the financial aid process in great detail. The process starts with the FAFSA application and ends with receiving the aid; however, there are many steps and potential 'hiccups' along the way. Utilize the resources and information on their site, and if there are specific questions, contact their office at (262) 472-1130.
For federal student loans, you should access StudentAid.gov to obtain this information. You will need your Federal Student Aid (FSA) ID to log in and view your loan amounts. This ID was created when you first applied for financial aid. This site gives a total picture of your federal student loan balance.
Private student loans are not reflected at StudentAid.gov. To find out your private student loan balances, you will need to seek out this information from your private lenders.
An estimate of your federal student loan repayment amount per month can be calculated using the federal student loan Loan Simulator. The exact monthly repayment amount will not be known until you have set up a repayment plan with your lenders.
Private loan repayment amounts can be accessed by reaching out to your private loan lenders.
There really isn't a correct answer to this question since each option comes with its own set of pros and cons, and varies depending on individual needs, preferences, and financial situation. On-campus life can be vibrant with social opportunities, close facilities (gym, dining hall), and various amenities (laundry, custodians, internet). Dorm drawbacks include a lack of quiet time, small space, communal bathrooms, and privacy. Living off-campus offers more space and privacy, and the ability to make your own household rules; however, it might include increased isolation, a longer commute, cooking, cleaning, and additional costs to live (internet, cleaning supplies, utilities, summer rent). Be sure to consider all aspects before making a decision.
The Cost Estimator calculator can be used by students to obtain an estimate of what it will cost to attend UW-Whitewater based on individual student circumstances. Tuition, housing, meals, and parking costs are included in this calculator. In addition, when planning total expenses for the academic year, families should consider budgeting for additional expenses like supplies, food, clothing, transportation, and entertainment.
There are low-cost or free events and resources for students while at UW-Whitewater.
Being Money Smart at UW-W. Written by students for students, this 55+ page document shares money saving tips on topics such as housing, transportation, food, financial basics, and much more.
Campus Events Calendar. Search the calendar for opportunities to entertain yourself without breaking your budget.
Clubs and Organizations. Become involved in student organizations while on campus. UW-Whitewater has approximately 200 student organizations, and you are sure to find or start an organization of interest.
Financial Literacy Center. A free financial resource located on the first floor of Hyer Hall, to provide financial education and information to students through individual coaching sessions, online resources, and financial wellness presentations.
University Center. At the heart of the Whitewater campus, the UC provides opportunities for students to enhance their college experience and stay connected to campus. The facility includes meeting areas, a bowling alley, and a movie theatre. Many events held here are low cost or free to students.
Warhawk Emergency Fund. An emergency aid fund to provide assistance to students at risk of dropping out of college due to unexpected financial emergencies.
Warhawk Pantry. Located in the basement of Drumlin Hall and at the Rock campus, these free pantries can be utilized by students in need of food or toiletries.