Wayne State University

Aim Higher

Financial Tools

Financial literacy is an essential part of planning and paying for law school. The links on this page are provided to facilitate sound financial decision-making.

Financial Strategies

Student Debt Relief, Equal Justice Works

Build Your Own Budget

Save on Spending

Borrow the Minimum

Manage your Loans Responsibly

Develop and Maintain Good Credit

Avoid Financially Destructive Transactions


Your Plan 

PREPARING FOR LAW SCHOOL

American Bar Association - Pre-Law Toolkit
FinAid.org - Calculators for help with school costs, savings and aid
Student Loans: Avoiding Deceptive Offers - Federal Trade Commission
 
FEDERAL STUDENT AID RESOURCES
 
Student Aid on the Web - www.studentaid.ed.gov
Free Application for Federal Student Aid - www.fafsa.ed.gov
On YouTube - www.youtube.com/user/collegedotgov
 

Your Money

MONEY MANAGEMENT

Smart About Money - 40 Money management tips every college student should know
Financial Awareness Basics - Short podcasts on money-related topics for students
Financial Fitness Tools - Learn how to manage your money and take control of your life
MyMoney.gov - U.S. government help from 20 federal agencies
   

Your Credit

CONSUMER ACTION
 
Better Business Bureau - Check out a business or file a complaint
Federal Citizen Information Center - U.S. Consumer action website
 
CREDIT BUREAUS & CREDIT SCORES
 
Annual Credit Report - The official site to help consumers obtain their free credit report
Equifax - One of the three major credit reporting agencies
Experian - One of the three major credit-reporting agencies
TransUnion - One of the three major credit reporting agencies
My FICO - Your credit ranking (or FICO score) may determine the interest rate lenders will offer
Understanding Your Credit Score - Free credit education booklets
 
CREDIT CARD ADVICE & CALCULATORS
 
Bankrate.com - Compare interest rates; assess your credit risk and your net worth
Consumer Protection - U.S. Federal Trade Commission Bureau of Consumer Protection
Federal Reserve - Choosing a credit card
National Foundation for Credit Counseling 
 
IDENTITY THEFT

Federal Trade Commission - Information to help deter, detect, and defend against identity theft
Cyber Security Tips - Advice from the US Computer Emergency Readiness Team, for non-technical computer users
 

Your Future

CAREER PLANNING
 
American Bar Association - Career counsel from the ABA
BLS Information - Wages by Area and Occupation
 
LOAN FORGIVENESS, CANCELLATION, & DISCHARGE

Income Based Repayment and Loan Forgiveness 
Equal Justice Works - Student debt relief webinars

LOAN REPAYMENT CALCULATORS

FinAid! - Loan calculator can be used to calculate student loan, auto loan or mortgage payments
 

LOAN STATUS INFORMATION

NSLDS Student Access - National Student Loan Data System

REPAYING STUDENT LOANS

Department of Education - What you need to know about repaying student loans
Debt/Salary Wizard - Decide how much you can borrow based on what you expect to earn
FinAid! - Find out the costs of the interest that accrues when you are not making payments
 
TAXES
 
IRS - Internal Revenue Service
Federal Education Tax Benefit Guide
WSU 1098-T  - Information from Wayne State University on the 1098-T tax credit