Get the Support You Need
Everyone’s financial situation is different—and a good financial plan isn’t one size fits all. That’s why we’re here to talk to you about your finances, your goals, and all the ways we can help you reach them. Whether you have a general question about personal finance or want to talk about your unique situation in further detail, we’re here to help with:
- Debt mitigation
- Student loan repayment
- Exit counseling
- Money management
Schedule an appointment with our Financial Literacy Team today by emailing email@example.com.
Tips for Smart Borrowing
- Only borrow what you need - not more
- Review your loan balances at the end of each term
- Calculate repayment amounts regularly using the Loan Simulator
- Understand repayment terms and interest rates for any private student loans
- Register for a free account with SNHU’s financial literacy partner, iGrad, to learn more
- Identify your federal loan servicer, interest rates and loan status by logging into your Federal Student Aid account using your FSA ID or by calling the Federal Student Aid Information Center at 1.800.433.3243
Prepare for repayment
Begin exploring your options as early as possible and work with your loan servicer to pick the plan that works for you.
Research potential salaries
Once you know your potential salary, you can plan a post-college budget that includes your student loan payment.
Financial Wellness After Graduation
Focus on paying down your debt
Some level of debt may be necessary, especially if you want to own a home or obtain a college degree, but when debt gets too high, it becomes overwhelming. Avoid bad debt, like high-interest credit cards or payday loans that trap consumers with compounding debt. If and when you do incur bad debt, pay it off quickly. Understanding debt payoff methods and effective money management strategies can help you plan for a successful financial future.
Build and maintain good credit
Your credit score is key to your financial success. Maintaining a strong credit score allows you to secure mortgage and car loans with the best possible interest rate. If you have a poor credit rating, lenders might still loan you money, but it’s typically at a higher rate than someone with a better credit score.
Your credit report shows bill payment history, your current debt and other financial information, which are all factors used to determine your credit score. Free credit reports are available each year through the Annual Credit Report website and should be monitored for accuracy and fraudulent activity.