A prospectus is a formal document that is required by and filed with the Securities and Exchange Commission (SEC) that provides details about an investment offering to the public. A prospectus is filed for offerings of stocks, bonds, and mutual funds. The document can help investors make more informed investment decisions because it contains a […]
Read MoreA program where students can get part-time work, up to a certain amount. In most cases, the federal government pays half of a student’s wage and the school pays the other half.
Read MoreA loan from $5,500 – $7,500 for dependent students depending on academic year. As of July 1, 2015, any Federal Direct subsidized loan will have a fixed interest rate of 4.29% and the interest is paid by the government while the student is enrolled at least half time. The Federal Direct unsubsidized loan also has […]
Read MoreA grant between $100 – $4,000 for eligible students and the award is available for Undergraduate students.
Read MoreA grant of up to $6,195 (as of the 2019-2020 Award Year) for students with a low expected family contribution. A 2018 NerdWallet study found that students missed out on $2.6 billion in free federal Pell grants by not completing the FAFSA.
Read MoreThe Selective Service System (SSS) is an independent agency of the U.S. government that maintains information on those potentially subject to military conscription (i.e. the draft). All male U.S citizens and male immigrant non-citizens, who are between the ages of 18 and 25 are required by law to have registered within 30 days of their 18th birthdays. Registration […]
Read MoreA debt-to-income, or DTI, ratio is derived by dividing your monthly debt payments by your monthly gross income. The ratio is expressed as a percentage, and lenders use it to determine how well you manage monthly debts — and if you can afford to repay a loan. Lenders typically say the ideal debt-to-income ratio should […]
Read MoreFinancial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Understanding basic financial concepts allows people to know how to navigate in the financial system. People with appropriate financial literacy training make better financial decisions and manage […]
Read MoreFinancial coaching is providing regular one-on-one sessions with clients in order to ‘coach’ performance improvements to meet goals mutually set by the coach and client. Coaching is well suited to asset building programs because clients often need encouragement and support to adhere to positive financial behaviors.
Read MoreForm W-4 (otherwise known as the “Employee’s Withholding Allowance Certificate”) is an Internal Revenue Service (IRS) tax form completed by an employee in the United States to indicate his or her tax situation (exemptions, status, etc.) to the employer. The W-4 form tells the employer the correct amount of tax to withhold from an employee’s paycheck.
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