Learning to effectively manage your finances is an important skill to learn while you are in college. In the current economic climate, financial literacy on college campuses is a growing concern. More and more parents and students are turning to loans to fund the increasing cost of a college education. The financial decisions that students make now will impact them for years to come. Here is a list of tools to help students better understand their finances and make informed decisions.
Financial Aid Matters Guide for Students and Families
Our office has created this important resource guide with the hopes of providing students and their families with the information necessary to navigate the UCSB financial aid process successfully. Topics included: Aid Eligibility, Verification Process, Award Letter, Disbursements, Special Circumstances and Policies, etc.
UCSB Financial Wellness Training Modules
UCSB Financial Wellness Training - You will learn some of the most important healthy financial habits you should develop while you are attending college, and also receive an overview of various resources around campus that can contribute to your financial wellness here at UCSB.
How to Pay for UCSB - You will learn how Financial Aid payments work and how to understand your BARC (Billing Accounts Receivable Collections) account. We will provide important tips and advice on how to manage your student account, avoid potential pitfalls, and also introduce you to other financial resources around campus.
UCSB's Know Before You Owe Training - You will learn about different kinds of debt, how credit cards work, and how to protect your credit score. You will also learn about the different types of student loans available to students here at UCSB and how to best manage repayment.
UCSB's Guide to Balanced Eating on a Budget - You will learn how to eat balanced, healthy meals on a budget, and also receive an overview of various resources around campus that can contribute to your food security here at UCSB.
Estimated Financial Aid Award Letters
The Net Price Calculator provides an estimated Financial Aid Award Letter for full-time, first-time degree-seeking undergraduate students only. Graduate students should contact our office or the graduate department directly for information.
Financial Awareness Counseling
The Department of Education has released an online tool to help you understand your financial aid and to assist in managing your finances and debt. Topics include: Understand Your Loans, Manage Your Spending, Plan to Repay, Avoid Default and Make Finances a Priority.
UCSB Money Matters - Student Financial Guide
This guide is a tool to help you navigate your finances day to day and access emergency help when you need it. It includes sections on sound money management and ways to ensure that your income is adequate to meet your needs. Because unforeseen events and emergencies do happen, the Money Matters guide also offers information on staff contacts, emergency funding, and low-cost services in the local community.
Budget Planning Tools
Our office encourages students to budget their money wisely in order to avoid over-borrowing or the use of high interest loans or credit cards. In an effort to help students track their financial aid, income and expenses we have developed two budget calculators. These budget calculators are Microsoft Excel files, optimized for use on Microsoft Windows.
Budget Calculator # 1: Simple Budget Planner »
This simple budget planner allows you to quickly sum the costs associated with each quarter of attendance at UCSB.
Budget Calculator #2: Monthly Budget Planner »
This detailed budget planner allows you to compare your monthly income and expenses, including projected and actual amounts.
CashCourse.org is brought to you by the National Endowment for Financial Education, an independent, nonprofit foundation committed to educating Americans on a broad range of financial topics and empowering them to make positive and sound decisions to reach their financial goals.
Student Loans Consolidation
U.S. News & World Report has published an in-depth guide that breaks down student loans consolidation, how they work, and what students should know before considering them. Read more here.