Financial Aid and Scholarships

Financial Wellness

When you’re a student, it can feel like money is always tight. You’ve got bills, rent, and tuition to pay, and you want to have enough money for fun, too.   This may be the first time you’re now responsible for paying your own bills and stretching your financial aid funds to last the entire semester – all while focusing on your academic success and goal of attaining your degree. 

The Cal Poly Pomona Office of Financial Aid and Scholarships believes that every student should be an educated, responsible, and financially heathy member of the University community. We've put together some information and resources to help you on your way (or get you back on your feet) financially. 

Financial planning is the basic idea that you can manage your income and expenses in order to become or remain financially healthy. Financial planning can take various forms, including budgeting; reviewing and deciding on a debt repayment plan; and growing your wealth through savings and investments. 

A great place to start is by reviewing Cal Poly Pomona’Online Financial Literacy tool:  iGrad.  This resource is available to you as an incoming or current student; alumnus; and parent. Workshop topics include budgeting; credit management; identity theft; buying a car; and insurance. 

For more information on Financial Planning essentials, watch this short video:
 

It's a Money Thing – Income Essentials (from Cal Poly Pomona Federal Credit Union)

Budgeting consists of understanding your incoming funds and outgoing expenses, with an attempt either make your income and expenses balance or, ideally, to have your income exceed your expenses.  

Budgeting is generally your first step towards financial wellness, as it requires you to take a close and clear look at what sort of money you have and where you're spending it. You usually start budgeting with a goal in mind, whether that is to simply reduce debt or expenses; to save up for a special cost, like a trip; or build up enough capital to begin investing.  

Establish a reasonable budget using the budgeting wizard available through  iGrad  which is a real life money guide specifically for college students. Creating, and sticking to, a budget and establishing awareness of your finances will help you develop lifelong money management skills. Start now for a successful financial future .  

For more information on budgeting, watch these short videos :  

Budgeting Video (from Federal Student Aid):    

 

It’s a Money Thing – Budgeting Basics (from Cal Poly Pomona Federal Credit Union):  
 

It’s a Money Thing – Building a Budget (from Cal Poly Pomona Credit Union):  
 

Debt can be a major hurdle on your way to financial wellness. Whether your debt is due to credit cards, loans, your education or other obligations, owing money can hold you back from progressing towards achieving your financial goals. 

Usually you would start to deal with debt by learning how to budget, but sometimes it helps to even understand what debt is in generalwhat sort of debt you might be dealing with, and how you got into debt to begin with. 

For more information on debt, you can watch these short videos:

It’s a Money Thing – Good vs. Bad Spending (from Cal Poly Pomona Federal Credit Union)

 

Responsible Borrowing (from Federal Student Aid)

 

It’s a Money Thing – Strategies for Debt Repayment (from Cal Poly Pomona Federal Credit Union)
 

Saving money can help you spend your money on a desired goal, like a trip or a special item. Saving can also put you on the path towards investing and growing your wealth further. 

There is some debate on whether you should prioritize saving or paying down debt; your financial wellness plan will depend on your specific circumstances and what will make sense for you. 

For more information on saving, you can watch these short videos: 

It’s a Money Thing – Pay Yourself First (from Cal Poly Pomona Federal Credit Union)

 

It’s a Money Thing - Emergency Fund Bootcamp (from Cal Poly Pomona Federal Credit Union)

Having a part-time job is a great way to gain valuable work experience, build connections, and earn extra income to help with your expenses. Look for a job on campus or near campus that is supportive and understanding of your life and responsibilities as a college student. 

  • Visit the Career Center for more information about part-time Student Employment opportunities. 
  • If you were offered Federal Work Study as part of your Financial Aid Package, review our FWS Page for information about that program.

Jobsearch on Handshake: 
 

Cal Poly Federal Credit Union

The Cal Poly Federal Credit Union provides their members and students with financial management education.  The Credit Union hosts numerous financial educational workshops throughout the year, and their It’s a Money Thing series provides a full online library of valuable financial education videos designed especially for college students  

iGrad - Online Financial Literacy Tool

Cal Poly Pomona has partnered with iGrad to provide a comprehensive online financial literacy tool, available to all Cal Poly Pomona students, faculty, and staff. Spend a few minutes going through iGrad, which can guide you through all the steps you need to get on the right path to financial fitness. 

Other Resources:

Cal Poly Pomona knows that you might need some help on campus. We've listed a variety of campus resources that can help you find the assistance you need. 

The Office of Financial Aid & Scholarships provides workshops throughout the year on Financial Aid & Financial Wellness topics; keep an eye on our Presentations and Outreach page for your next opportunity. 

Cal Poly Pomona is excited to announce that we have partnered with iGrad to provide a comprehensive online financial literacy tool, available to all Cal Poly Pomona students, faculty, and staff. 

iGrad begins with asking you to create a profile. Once your profile is created, you will have access to a personalized dashboard containing resources that will enable you to improve your money management, career, and student loan knowledge and skills. With recommended video tips, quick financial lessons, budgeting tools and more, you will be well equipped to ensure your successful financial well-being in college and beyond. 

Getting Started with iGrad is Easy... 

Have a Bronco ID?

Log into iGrad using Single Sign-on 

  1. Visit cpp.igrad.com
  2. Click the Log in with your MyCPP Account button
  3. Enter your BroncoName & Password
  4. Click Log in
  5. Once you've logged in, you’ll be prompted to take the Financial Wellness Checkup.  Your responses will help in creating your personalized content. 

Don’t have a Bronco ID?

Log into iGrad using your email address

  1. Visit cpp.igrad.com
  2. Enter your Information (Name, Email, and create password)
  3. Once you've created your account and logged in, you'll be prompted to take the Financial Wellness Checkup.  Your responses will help in creating your personalized content.

Log on to iGrad now! 

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