Header Image

Helpful Financial Information

Finding the right repayment plan to successfully pay off your student loan(s) is a big decision. With all the technical language used, even understanding the terms of your loan can lead to confusion. GCU's Financial Literacy Program is here to offer you support from the time you graduate through the life of the loan.

TG™ Learning Center

GCU has partnered with TGTM Texas Guaranteed Student Loan Corporation where you can create an account and complete financial literacy modules including: 
Setting Goals, Credit Basics and Monitoring Spending.

Cick here to learn more

Repaying Your Loan

It is important to select a repayment plan that fits your financial situation.

Learn About Repayment Plans
Loan Repayment Estimates 

Financial Tip of the Month

10 Steps to Making a Financial Budget

In a 2013 national survey, the National Foundation for Credit Counseling found that only two out of five Americans have a monthly budget and keep close track of their spending. Learn how to budget by following these 10 steps:

1. Understand the necessity of a budget.
A budget will help you get a grip on your spending-and help you make sure your money is being used the way you want it to be used.

2. Know the three steps of creating a budget.

  • Identify how you're spending money now.
  • Evaluate your current spending and set goals that take into account your long-term financial objectives.
  • Track your spending to make sure it stays within those guidelines.

3. Use budget software.
If you use a personal finance program such as Quicken or Microsoft Money, the built-in budget-making tools can create your budget for you.

4. Don't drive yourself nuts.
One drawback of monitoring your spending on your computer is that it
encourages overzealous attention to detail. Once you determine which
categories of spending should be cut (or expanded), concentrate on those
categories and worry less about other aspects of your spending.

5. Watch out for cash leakage.
If withdrawals from ATMs seem to evaporate from your pocket, it's time
to keep better records. In general, if you find yourself returning to the
ATM more than once a week, you need to examine where that cash is going.

6. Don't spend beyond your limits.
But if you do, you've got plenty of company. Government figures show
that many households with a total income of $50,000 or less are
spending more than they bring in. This doesn't make you an automatic
candidate for bankruptcy, but it's definitely a sign you need to make
some serious spending cuts.

7. Beware of luxuries dressed up as necessities.
If your income doesn't cover your costs, then some of your spending is
probably on luxuries-even if you've been considering them necessities.

8. Remember to save.
Aim to spend no more than 90% of your income. That way, you'll have 10%
left to save for big picture items.

9. Don't count on windfalls.
When projecting the amount of money you can live on, don't include dollars
that you can't be sure you'll receive, such as year-end bonuses, tax refunds or investment gains.

10. Beware of spending creep.
As your annual income climbs from raises, promotions and smart
investments, don't start spending for luxuries until you're sure that you're
staying ahead of inflation. It's better to use those income increases as an excuse to save more.

The 2013 Financial Literacy Survey
CNN Money - 10 Steps to Making a Financial Budget