The short answer is “knowing how money works in the world”. Great, good deal, let’s move on, right?
Not so fast!
You’re in college, and while Washburn makes attending college much more affordable than many other schools, being a student or a recent alumni means that you may have a few extra things to think about.
We want to make sure that when you graduate, we send you out into the world knowing how to manage your money - including your student loans.
Washburn University is rolling out a new program called SALT℠ that you may have gotten a few emails about recently.
What is SALT℠?
SALT is a program started by American Student Assistance that partners with colleges to give you tools and resources to help you manage your money and be sure that you are on track paying back student loans.
Do you know how much you owe? Do you know if your future or current wages or salary will support you when you start paying back your loans? Do you know how to create a budget? SALT gives you lots of tools to figure out how to balance your life goals against your financial obligations. It’s tough to grow up and be a responsible adult sometimes - but we have complete confidence that our Bods can rise to the challenge!
Interested in how SALT works? Let’s take a look!
Below is a screenshot of a sample dashboard from SALT. They import your student loan information and you can set up reminders to pay your bill, choose calculators to help you manage those little daily expenses that end up adding up, and even a job search so you can put your education to work.
SALT also has a blog, where student writers talk about money challenges in the real world, creating andsticking to a budget, and how they’re preparing to face their financial obligations when they graduate. We like this part, since we’re sure you’d rather hear from people that you can actually relate to, rather than us stuffy old College Administrators (that’s what we hear, anyway).
Bottom line: Is this going to cost me anything?
Nope. Not a penny. Washburn University has partnered with SALT to offer these tools and resources completely free of charge to students and recent alumni. We want you to succeed out there in the world without having to worry about money issues. This is a great way to get started.