Standards for Financial Readiness
Printer-friendly versionA student who is financially ready will be able to cover the cost for one term of study at a postsecondary institution through savings, loans, work-study and financial aid.
The Ramp-Up to Readiness Standards for financial readiness will ensure that key steps toward this goal are met in each year of the Ramp-Up program.
- Level 1: Understand
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The student understands the value of an investment in postsecondary education, the projected cost of postsecondary education, how families can cover that cost, and the basics of borrowing and budgeting.
- Level 2: Believe
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The student believes that with planning and assistance he or she will cover the cost of study at the postsecondary institution he or she chooses to attend.
- Level 3: Plan
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The student creates a financial plan that outlines the steps the student and his/her family will take to finance postsecondary education.
- Level 4: Achieve
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1. The student completes the FAFSA financial aid form. 2. The student researches and applies for grants and scholarships. 3. The student applies for financial aid from his or her institution. 4. The student practices developing and living within a budget for postsecondary education.
