Students face financial decisions which cause a significant amount of stress and can have major life-long consequences. West Virginia University has partnered with EverFi to add the “Transit Financial Wellness” course as one component of the Blue to Gold Personal Financial Education Program. Transit is designed to educate and empower students to make well-informed financial decisions and help prevent financial behaviors that could negatively impact their futures.
Every incoming WVU student required to take the First Year Seminar course is required to complete Transit. Transit will be available starting July 11, 2016 for Fall 2016 students.
- You can access the “Transit Financial Wellness” course by clicking on the TRANSIT button below.
- You will login using your WVU Login credentials. If you have not activated your WVU Login account, please go to https://login.wvu.edu and click on Claim Account.
- Part 1 of the Transit Course should be completed and the quiz passed with a score of 70% or better by September 12, 2016. It takes approximately 1 to 1 ½ hours to complete.
- Part 2 of the course which consists of a post-survey opens October 17, 2016. It takes about 15 minutes to complete.
- Part 2 should be completed by December 5, 2016. You can print your certificate for completing the course directly from the Transit website for your records.
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Living expense refunds from financial aid are for educational purposes for a semester. In many cases a portion or all of your refund consists of federal, institutional, and/or private loans. You will be required to repay these funds in the future. Not to mention, most borrowers will have to pay interest in addition to repaying the principal balance.
Budget …Repay and Save
on all of your expenses; opportunities are endless:
scholarships (they won’t come and find you):
money now by working a job and explore future careers:
- Use Career Services extensive resources for exploring future careers
- Find a job now with the help of the Student Employment Office
how much you’ve borrowed in federal student loans; how much interest is accruing; how to contact your federal loan servicer using the National Student Loan Data System at nslds.ed.gov
Example: What is an extra $2,000 per year in an unsubsidized student loan? It could end up costing you an additional $3,250 in interest if you select a Standard repayment plan and it takes you 10 years (120 months) to pay off the loan. If you select a plan in which it takes 20 years (240 months) to pay off the loan, you end up with an additional $5,820 in interest. You could have been saving that money for a future house, car, etc. instead! Try out our in-school interest calculators and the mapping your future student loan (repayment) calculator.
Disclaimer: These calculators are provided only as general self-help planning tools. Results depend on many factors, including the assumptions you provide.