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UT News

Putting an End to Financial Fears

Texas Financial Wellness promotes academic success, personal development and lifelong financial security.

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By Rosalind Faires

Entering college and adulthood comes with many new horizons. You may be figuring out what you want your career to look like, forging lifelong friendships, and living independently or with friends for the first time. This exciting period in your life also often coincides with new financial freedoms and responsibilities. Do you know how to manage your money carefully now and plan for the future? Texas Financial Wellness is here to make sure you don’t have to navigate these waters alone.

Launched in 2021 with the mission to improve the financial health of Longhorn students, Texas Financial Wellness promotes academic success, personal development and lifelong financial security. Managing your money can feel intimidating, embarrassing or deeply personal. Texas Financial Wellness is staffed by Certificated Personal Finance Counselors committed to maintaining the highest levels of confidentiality with all sensitive student information, so you can feel at ease using their services. Where Texas One Stop is the place to go with any questions regarding financial aid, scholarships and loans, Texas Financial Wellness is ready to help with the following topics:

  • Planning for the future: Financial planning helps you determine your financial goals and visualize your path to a brighter financial future. Texas Financial Wellness is the place to learn more about taxes, insurance, retirement planning and cost of living.
  • Money management: How you spend your money will impact your credit and the amount of debt you end up carrying. Got questions about banking, budgeting, building credit or preventing identity theft? Texas Financial Wellness has answers.
  • Living like a student: The University of Texas at Austin has a wide range of resources to help students save money and keep costs down. Texas Financial Wellness can point you toward low-cost activities, student employment opportunities, support for students experiencing food insecurity and best practices for buying books.
  • Debt management: In our society, debt is a part of life. When managed well, debt can enable us to improve our life. If not managed well, it can become a roadblock and prevent us from moving forward.

Texas Financial Wellness can help demystify your loans, repayments, the debt collection process, loan consolidations, delinquency and default, interest and capitalization, and debt forgiveness, cancellation and discharge. Texas Financial Wellness offers free, virtual one-on-one financial counseling appointments as well as workshops and events. Sign up for an appointment or explore their event calendar by visiting their website, financialwellness.utexas.edu.