Financial Literacy - Best Practices
Before you take out a loan, see if you can obtain a scholarship, so that you will
not have extra debt:
Check out scholarships offered by the SCF Foundation:
Before you take out a loan, make sure you find a loan with the best interest rate
and the best terms.
Apply for Pell Grants:
Participate in the Wellness Program at SCF to earn $300.00 credit at the SCF Bookstore
At most 4-year institutions, if students work on campus (even for 10 hours a week),
they are eligible for tuition stipends (25-100%)
Look for scholarships from employers, churches and community organizations.
If the student is not claimed by their parents for tax purposes and he or she has
paid for their tuition/ books (even partially) and are considered full-time, then
they can apply for the American Opportunity Tax Credit ($2,500/ annually for the first
Pending Congressional budget approvals, there may also be a Lifetime Learning Tax
Credit ($1,500 for the remaining years)