Financial Literacy - Money Matter$

What Is Your Plan For Payment?


Hindsight is 20/20-But Are You Looking?

The old adage “hindsight is 20/20” reminds us that if only we could see the future, we could better prepare for it.  As we prepare for a new academic year, we may not be able to see the future, but there is certainly no harm in planning for it.

It is imperative that you know the financial climate you are preparing for yourself as you pursue your education.  For some, perhaps there simply are not other options but to borrow their way through college.  If you are in that group, please keep in mind that, according to The Fiscal Times, “financial planners recommend students avoid taking out loans that might exceed their starting salary.”

Here are a few pointers that will help you assess your need and prevent excess borrowing:
• Before you register, figure what your estimated charges will be for the semester, including books.
• If you are receiving grants or scholarships, will your estimated award be enough to cover your estimated charges? If not, is the difference an amount you can cover out of pocket?
• If you are not receiving financial aid, have you established a plan for paying for the semester?
• If borrowing is your only option, do you know how to change your requested loan amount to meet your charges for the semester?

We hope you will find these tips helpful as you plan for the 2014/2015 OTC academic year!  If you have any questions, contact us at


Money Matter$
“Utilize your resources. A lot of times students aren’t aware of the multiple resources on their campus and many times they can help the most.”  –Tracy H. My College Success Student Success Strategies
August 22, 2013

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