Financial Literacy

What is Financial Literacy?

Financial literacy is the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.

Literacy Mission Statement

North Central Texas College (NCTC) is committed to helping students acquire sound financial literacy skills for both now and the future. NCTC provides students financial literacy training through workshops and online life skills modules, addressing concepts such as credit and money management as well as personal life management. Students leaving our institution will be equipped with academic credentials as well as the skills to manage their time and money. Allowing them to have greater success in their lives following graduation.

USA Funds® Life Skills®
Online Financial Literacy Catalog

101 - How Will I Pay for My Higher Education?
Teaches you how to find resources and funds to finance your higher education by examining the costs associated with school, explaining the various types and sources of student aid, and determining the maximum student loan debt you can afford.
In this section you will also find:
102- How Do I Apply for Financial Aid?
103- What Do I Need to Know About Repaying My Student Loans?
104- What if I Have Trouble Repaying My Student Loan?
105- How Do I Manage My Student Loans While I Am In School?

201 - How Do I Achieve My Goals?
Teaches you how to set realistic educational, career and financial goals, how to establish a plan to achieve your goals, and the difference between a need and a want
In this section you will also find:
202- What Do I Need to Know Before I Select a Program of Study?
203- How Do I Live on a Budget While in School?
204- How Do I Manage My School Life?
205- How Do I Manage My Personal Life While I Am in School?

301 - Now That I Am About to Graduate, How Do I Find a Job?
Teaches you how to maximize the effectiveness of your job search by leveraging your online presence in a positive way, with emphasis on how to create a cover letter and resume that highlights personal and professional attributes.
In this section you will also find:
302- How Do I Prepare for a Job Interview?
303- How Do I Establish Career Goals?
304- Where Does My Paycheck Go?
305- How Do I Live on a Budget After I Have Completed School?

401 - How Do I Manage My Credit Card Debt?
Teaches you the basics of credit cards, including terminology, considerations when applying for a credit card, the true cost of making only minimum payments and ways to break bad credit habits.
In this section you will also find:
402- How Do I Manage My Credit Card Debt?
403- What Do Credit Scores Mean to Me?
404- How Can I Protect Myself From Identity Theft?
405- How Do I Manage My Debt?
406- How Do I Set Savings Goals?
407- How Can I Make the Most of My Savings?

601 - How Much is My Graduate Degree Going to Cost?
Teaches you how to identify the tuition, fees, "hidden" costs and personal expenses that may be encountered while pursuing a graduate degree.
In this section you will also find:
602- How Much Is My Graduate Degree Going to Cost?
603- How Much Income Should I Expect?
604- How Do I Budget While in Graduation?
605- How Can I Control Spending While in School?

701 - Couple Talk: How Do We Cope With School and Our Relationship?
Teaches couples - when at least one person is in school -how to identify the challenges associated with school that may impact your relationship, how to manage emotions caused by the stress of school, and ways to cope with the stress of school while keeping your relationship healthy.
In this section you will also find:
702- Couple Talk: How Do We Manage Our Money While In School?
703- Couple Talk: How Can We have a Life With So Little Money?

Click on the following link to start you financial literacy module now
All student will need to request a new account and complete all of the information on the Request Account page. Some fields require the school defined information listed below:
  1. Enter your school e-mail address as your username.
  2. Enter the student ID number assigned to you by your institution as your school-assigned student ID.
    Example: 1230-04567
  3. Enter 00355800 as your School Code. Note: This code must be entered exactly as shown here.
  4. Enter00355800-01 as your Student Access Code. Note: This code must be entered exactly as shown here.

After completing your registration proceed to My Catalog to complete your Financial Literacy Module.

Are you in need of a Budget Sheet?

Coming to Terms with Financial Aid Terms

A loan is in default when the borrower fails to pay several regular installments on time or otherwise fail to meet the terms and conditions of the loan.

Expected Family Contribution (EFC)
The amount of money that the family is expected to be able to contribute to the students education. Determined by the Federal Methodology Need Analysis formula approved by Congress.

Federal Work-Study (FWS)
A program providing students with need, determined by the FAFSA, part-time employment during the school year.

A type of financial aid based on financial need that the students does not have to repay.

A type of financial aid which must be repaid, some with interest.

Subsidized Loan
The government pays the interest on the loan while the student is in school (enrolled in at least half-time), the six-month grace period, and during any deferment periods. Subsidized loans are need based, determined by FAFSA.

Unsubsidized Loa
A loan for which the government does not pay the interest, student is responsible for interest. Unsubsidized loans are non-need based.

A review process in which the Financial Aid Office determines the accuracy of a student's financial aid application. Applications are randomly selected by the Federal Processor for verification; 1/3 of all applications are selected.

For more financial aid terminology visit:

Financial Literacy Brochure (pdf)