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Brooklyn, NY 11201
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Financial literacy is the ability to understand how money works. New York City College of Technology is dedicated to help students enhance their financial skills and make informed decisions about paying for college, saving and planning for the future. Check out the resources below to learn how to take control of your money!
Federal Work Study: Part-time employment on or off campus for eligible Financial Aid students
Money Management Tips: Money management tips every college student must know
Budgeting and Money Management for Students: Explore tips on how to better manage your money and create a budget that fits your lifestyle
Student Discounts: List of stores and resources offering discounts for students
Tax Assistance: Tax services and assistance for college students
Your Education and Taxes: Do I qualify for education tax benefits?
Federal Student Aid and Identity Theft: Before you apply for federal student aid, learn more about identity theft
15 Ways to Protect yourself from Identity Theft: Ways to protect yourself from identity
Counseling Services: There is no escaping the influence money has on your education, career, relationships, health, and more aspects of life. As you embark on your college journey, it is important to understand how money really "works".
Managing Your Student Loan Debt
Educational loans are a financial resource for students that are trying to bridge the gap between expenses and other forms of aid, but you should cautiously consider the amount of student loan debt that you incur. Student loan debt has serious long term financial obligations and it is a debt that must be repaid. You will be charged interest in addition to the amount that you borrow. If you fail to make your monthly payments on time, it could affect you credit rating and your ability to borrow money for other purposes, such as purchasing a car or a home.
Before you take out your first student loan, City Tech strongly recommends you review the information presented in this section. The section explains how to effectively manage your student loan debt. A brief description of each section is as follows:
Determining Your Borrowing Needs
The links below will allow you to estimate the cost of attending City Tech.
The cost of attendance details both direct (tuition and fees) as well as indirect ( housing, meals, books, transportation) costs. Direct costs are directly billed to you and indirect costs are out of pocket costs you may want to factor into attending school.
The links below will provide you with an overview of the different types of student loans. The terms of the loans and the interest rates are important factors to consider when borrowing is presented:
Types of Loans
How Much Can I Afford To Borrow?
Estimate how much you can borrow by factoring in how much you need to cover tuition, books and if needed living. Develop a financial plan for the total cost of obtaining your college degree. If you can't afford your anticipated payments, then think about borrowing a smaller amount. Look for other sources of aid, such as scholarships and grants, to help meet expenses. You should reevaluate your future income and expenses each time you consider obtaining a student loan.
Repayment Strategies and Tips
Additional Resources on Student Loan Debt Management and Debt Management
Federal Student Aid Videos
For more videos on the below topic please visit Student Aid Resources