Student Aid

Tips During Economic Uncertainty

Visit Federal Student Aid’s Website for Updated Announcements regarding Financial Aid. Federal Student Aid's website includes updated information for student borrowers with information on financial aid and loan repayment.

Contact Your Financial Institutions and Creditors:  Find out if there are changes to their services and hours.  Let them know if you are having difficulties making loan payments and ask about available assistance due to economic hardship.

Understand Your Priorities and Create a Spending Plan:  Budgets are especially important in times of economic uncertainty.  It is important do develop a budget to understand your priorities, determine where you can reduce unnecessary spending, and create a spending plan.

Watch Out for Scams:  Be aware of identity theft and scams as scammers tend to come out during a crisis.

Listen to NPR's “Personal Finance Advice for the Coronavirus Crisis”:  NPR's Michel Martin speaks with Kimberly Palmer, personal finance expert at NerdWallet, about money management tips during the coronavirus pandemic.

Lamar University's Money Management Program provides students with information to increase their financial knowledge allowing them to make informed financial decisions. Our goal is for each of our students to have a strong understanding of their financial situation and the tools they need to succeed in the future. To assist students, the Money Management Program provides: one on one financial coaching sessions, Financial Literacy and Financial Aid workshops, access to online programs with tools, articles and financial courses.

The Money Management Program offers assistance with the following:

• Creating a budget
• Managing your credit
• Banking principles
• Managing student loans
• Planning for life after college