Chapter 5: Student Finances

Chapter 5 Activities & Resources

Key takeaways for review

  1. What is your plan to set financial goals and priorities for yourself?
  2. Discuss your plans for paying for college and setting a personal budget.

SUNY Smart Track & Financial Avenue

MCC has teamed up with Inceptia to give you a leg up on financial education via the Smart Track financial literacy tool, Financial Avenue. Trust us: getting a handle on your money doesn’t have to feel overwhelming or restrictive. It’s all about empowering yourself with basics and planning from there. With Financial Avenue, the idea is to provide you with information about the following smart resources to help demystify the world of personal finance.

  • College and Money
  • Credit and Protecting Your Money
  • Debt and Repayment
  • Earning Money
  • Foundations of Money
  • Future of Your Money
  • Loan Guidance
  • Psychology of Money
  • Spending and Borrowing

We get it, sometimes financial education can be pretty boring and it doesn’t always make a lot of sense if you don’t know how to put your knowledge into action. But, Financial Avenue keeps you on your toes with quizzes, videos, interactive tools, and customized action plans at the end of each course. With all these tools, it’s pretty easy to know exactly what you can begin doing RIGHT NOW to put your financial knowledge to good use. After all, the Knowl says there’s no time like the present.

The Knowl is here to help you get Knowl-edgeable about money.

  • Get started by visiting
  • Once there, select the appropriate box for “Prospective Student” or “Current Student.”
    • Current students will select from the list and will then be taken to the account creation page.
    • Prospective students will automatically be taken to the account creation page.
  • To create your account, you’ll need your school-specific email address and a password of your choosing.

Your financial plan

  1. What would be the cost for you to complete your degree at Monroe Community College, including tuition, fees, and textbooks?
  2. What would be the cost for you to finish your degree at a 4-year college or university, including tuition, fees, and textbooks? (Include the amounts for more than one college if you plan to attend more than one.)
  3. Based on what you plan to complete, what would be the total approximate cost of getting a certificate, an Associate’s degree, a Bachelor’s degree, or a Master’s degree?
  4. If you took out a loan for this amount, how long would it take you to pay off the loan and what would your monthly payments be (loan payment calculator)?
  5. What are three goals you have related to achieving your financial plan?
  6. What are three action steps you could take to help you achieve those goals?

Financial resources

DREAMKEEPERS: a program designed to help students stay in college when they are faced with an unforeseen financial emergency. Students can apply for both financial assistance and access to resources and services. Apply online at

DWIGHT: Doing What IGood and Healthy Together, is a campus food pantry initiative created to support students in need of food and additional resources to help those that are having difficulties making ends meet. You can find more information here: DWIGHT | Student Life & Leadership | Monroe Community College (

FINANCIAL AID: apply for financial aid at

FINANCIAL AID MEAL PLAN: allows students to use financial aid as a credit on their MCC ID at Sodexo Dining locations on the Brighton and Downtown campuses. 

SCHOLARSHIPS ONLINE: apply for scholarships with one easy application. Hundreds of available scholarships totaling more than $1 million! To apply, visit

SINGLE STOP: an initiative that centralizes resources such as financial counseling and education, legal benefits, and free tax preparation. Single Stop seeks to enable students to achieve financial stability and social mobility while working toward MCC graduation.

MCC Libraries

This chapter in your textbook covers important topics like personal finance, paying for college, and budgeting.

Follow this link for additional resources:

Library Services, Monroe Community CollegeIf you have questions or need help accessing MCC Libraries, let us know at or 585-292-2303.


Icon for the Creative Commons Attribution 4.0 International License

College Success Copyright © by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.