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Financial Literacy & Student Debt

Choosing how to pay for college is one of the first major financial decisions students make. UHD is committed to equipping students with the knowledge, skills, and confidence to manage personal finances, understand student debt, and plan for their future.

Mission Statement

UHD is dedicated to fostering financial well-being and empowering students and alumni to make informed financial decisions. Through trusted resources, workshops, and practical education, we help students navigate daily expenses, set financial goals, and prepare for long-term financial success.   
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Financial Literacy Topics

UHD is dedicated to fostering financial well-being and empowering students and alumni to make informed financial decisions. Through trusted resources, workshops, and practical education, we help students navigate daily expenses, set financial goals, and prepare for long-term financial success.
female college student writes on a pad

Budgeting: Taking Control of Your Money

A budget helps you track income, expenses, and savings goals. Managing money wisely reduces stress and helps prevent financial problems.
  • Step 1:
    List your monthly income (job earnings, financial aid, etc.).
  • Step 2:
    Track your monthly expenses (rent, groceries, transportation).
  • Step 3:
    Identify areas to cut spending and increase savings.
Credit Cards in a hand

5 Things You Need to Know About Budgeting

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Credit & Credit Scores: Why They Matter

Your credit score affects your ability to rent an apartment, buy a car, get a loan, or even secure a job. Good credit starts with responsible money habits.
  • Pay On Time
    Pay bills on time—even minimum payments help.
  • Keep Balances Low
    Keep your credit card balance low—avoid maxing out your card.
  • Limit New Accounts
    Only open new credit accounts when necessary.
credit cards in hand

Credit Cards & Credit Scores Explained

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Saving & Financial Planning: Securing Your Future

Building savings provides financial security and flexibility. Start by building an emergency fund (3-6 months of expenses), automate your savings with direct deposits, and take advantage of scholarships and grants to reduce costs. These tips can help you achieve financial stability.

Emergency Savings

Save at least 3-6 months of expenses.

Automate Savings

Set up a direct deposit into a savings account.

Reduce Costs

Apply for scholarships and grants.

Make Saving a Priority

It’s never too early or too late to start saving. Whether you're building an emergency fund, planning for the future, or just looking to make smarter money choices, this short video walks you through practical steps to make saving a priority. Learn how to open a savings account, set goals, and build habits that last.
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Understanding Student Loans & Borrowing Smart

Before borrowing, explore free money options like scholarships, grants, and work-study.  If you take out loans, compare terms and plan for repayment to manage debt wisely. 
UHD students sitting at a table with laptops in business attire

Before You Borrow, Use Free Money First

UHD Students Are Managing Debt Responsibly

0 out of 2,880Students Defaulted
Source: College Navigator
Before taking out loans, use grants, scholarships, and work-study programs - they don't need to be repaid!Watch Video
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Before borrowing, ask yourself:

When Does repayment begin?
Repayment usually starts six months after graduation (the grace period), but private loans may have different terms.
Does interest accrue while I'm in school?
Subsidized loans don't accrue interest, but unsubsidized and private loans typically do.
What are my repayment plan options?
Federal loans offer plans like Standard, Income-Driven, and Graduated Repayment, while private loans vary by lender.
Watch Now: Student Loan Borrower Responsibilities

Repayment Tips:

Know your loan servicer and set up online payments.
Your servicer manages your loan, so staying informed helps you avoid missed payments.
Choose a repayment plan that fits your budget.
The right plan ensures manageable payments and prevents financial strain.
Consider early payments to reduced interest costs.
Paying extra can lower the total amount you owe over time.
Get Loan Repayment Help

Helpful Resources

UHD offers a variety of home-grown resources created right here on campus to help students build financial confidence. These tools are designed with your needs in mind, providing practical tips and guidance for managing money throughout your college journey and beyond.
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Money Management

Learn to budget, track expenses, and make informed financial decisions.
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Saving & Banking

Build smart saving habits and choose the right bank accounts for your needs.
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Eating on a Budget

Find affordable meal options and stretch your food budget effectively.
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Love & Money

Navigate financial conversations and planning in relationships.
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Credit

Understand how credit works and build a strong credit score.
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Investing

Learn the basics of investing to grow your financial future.
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Emergency Financial Assistance

Short-term aid for students facing financial hardship. Learn about the Gator Emergency Fund.
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