Financial Literacy Project
One University Plaza, MS 3550
Cape Girardeau, Missouri 63701
Money matters are on everyone’s mind. A college education can increase your lifetime
earnings substantially, but you have to earn the degree first. Your path to financial
wellness and your college degree are as easy as 1-2-3:
Be Informed If you have excess funds after the loan is disbursed, return it to your lender to
avoid paying interest on money you do not need. Your goal is to earn your degree without
accumulating unnecessary debt. Thanks to rising tuition and a tough job market, in
2011 college seniors graduated with an average of nearly $27,000 in student loan debt
last year. Additionally in 2010, according to Sallie Mae, on average half of college
students had four or more credit cards. That same year, graduating seniors had on
average more than $4,100 in credit card debt, up from about $2,900 in 2006. In general, your monthly debt payment (student loans and credit cards) should not
be more than 8% of your monthly salary. Example: If your annual salary is $30,000,
your monthly salary is $2500; 8% of $2500 = $200. At this salary level, your cumulative
debt should not exceed $17,376.
Create and Follow an Educational Plan Develop a semester-by-semester plan to graduate, beginning in your first year of college.
Your future financial wellness is connected to earning your college degree. You are
likely to hit a few pitfalls along the way. Remain committed to earning your degree
by updating your plan every semester with your academic advisor.
Create and Follow a Monthly Budget Learn to live like a college student now, you can avoid living like one for the rest
of your life. Make smart financial decisions everyday. A budget is not about self-deprivation,
it is about making choices. A budget gives you control.
WIN MONEY BY TALKING ABOUT MONEY! The Southeast Financial Literacy Project is sponsoring
a video contest to promote financial responsibility. The Registration Form can be
found at the link below; it contains the rules and information needed to enter this
contest and win:
4th -$100 Southeast Bookstore Gift Certificate
5th- Student Recreation Group Fitness Passes
6th Student Recreation Group Fitness Passes
Not only will you win a great prize if you place in the top six, but your video will
be posted on our website, www.semo.edu/money and Facebook page.
Additional information and resources to help you stay on top of your finances.
The Financial Litercy Project introduces Southeast students to educational topics
such as budgeting, credit, spending habits, and student loan management. The program
also emphasizes the imporance of academic success to financial success.
Students interested in learning more about these topics may contact Mr. Dominique
Bailey, Personal Financial Literacy Graduate Assistant, at (573) 651-2198, or by email
at email@example.com. Please call in advance for an individual appointment or to schedule a financial literacy
seminar for a group.
Southeast Missouri State University One University Plaza Cape Girardeau, MO 63701 573.651.2000 firstname.lastname@example.org Last Updated