Financial Wellness Resources
Tax Filing: The federal income tax filing due date has been extended from April 15, 2020, to July 15, 2020. More information about COVID-19 federal relief and resources can be found here. All state deadlines have also been updated - be sure to check with all states you're required to file in for their updated deadlines.
Student Loan Borrowers: To provide relief to student loan borrowers during the COVID-19 national emergency, federal student loans have automatically being placed in an administrative forbearance with 0% interest until September 30, 2020. For more information on how this information affects you as a borrower, visit the Federal Student Aid COVID-19 FAQs or contact your loan servicer. Private student loans borrowers should contact their lenders to see what relief is being offered during this time.
If you are in need of emergency support during this time, you can learn more through the COVID-19 Support Resources page.
Tax Season Resources
Filing your taxes can feel overwhelming. In fact, it can be tough to determine if you're even required to file! However, there are a variety of resources available to help guide you through the process and get the information you need. Please keep in mind that the Reed Financial Wellness Advisory Group members are not tax professionals and cannot advise you regarding tax matters. We suggest that you consult a tax professional directly if you have questions.
- Determine if you are required to file
- Learn if you are eligible to file for free & how
- Find a local location for free tax help or search nationally
- IRS Resrouces for Students
- Tax Filing information for International Students
Addtional Tax-Related Resources
- If you worked at Reed in 2019, access your Reed W-2 through Banner Self-Service/GPS
- Access your 1098-T through Banner Self-Service/GPS, which may assist you in completing IRS Form 8863
- Understand your eligiblity for an Education Credit
- Learn how to deduct your student loan interest on your taxes
- Did you receive a refund? Consider saving it for future needs or emergencies!
Online Tools and Resources
Cash Course is a financial literacy website designed towards college students. Contains a wide variety of resources (quizzes, videos, articles etc.) tailored specifically towards the financial decisions of college. Go here for great information on budgeting, study abroad, credit cards, student loans and items to consider when landing that first job after college.
CASH Oregon provides low income families and individuals from every community and background in Oregon with the tools and resources to begin building solid financial futures - including free tax preparation! In partnership with AARP Tax-Aide, CASH Oregon supports Earned Income Tax Credit outreach and free tax preparation programs.
Website that details the different aspects and things to consider when looking at your very first credit card. Has good comparisons of various cards.
Inceptia, a division of the National Student Loan Program, is a nonprofit organization focused on higher education access, verification, student loan repayment, default prevention, and financial education. The website has a number of useful resources, including free e-guide that provides a summary of "Great Advice" on student loans, post-college finances, career moves, and more.
LearnVest is a financial planning company. Check out the inspiring articles on how to budget, save, and invest. You can also find articles on paying off debt, students loans, credit cards, and improving credit.
The National Endowment for Financial Education (NEFE) is the leading private nonprofit foundation dedicated to inspiring empowered financial decision making for individuals and families through every stage of life. Has good information for basic banking through retirement.
Lillian Karabaic, a Reed alum (2013) with a degree in economics, is the creator of Oh My Dollar! Lillian focuses on building a healthy relationship with your money and building your roadmap for the future.
The Simple Dollar is a place where anyone can come to acquire financial information on finding the best products and services, saving money, making smart investments, and controlling personal finances.
Defines a lot of key terms that you’ll encounter as you make your way through college.
Financial Management & Budgeting Tools
Mint is a free online tool (and app!) that allows you to view all of your finances in one place. It can connect all of your accounts (checking, saving, credit card, student loan etc) in one handy place! It also has a lot of helpful graphics to help you set up a budget for yourself and then will send out alerts to help you STAY on budget.
MoneyStream is another free online tool that accesses all of your financial accounts in order to help you organize your personal finances. MoneyStream is available on the App Store and Google Play.
Inspired by the books of the same name, Freakonomics Radio is hosted by Stephen Dubner, with co-author Steve Levitt. An award-winning podcast exploring "the hidden side of everything". From the economy, headline news to pop culture. Available weekly on demand from WNYC Public Radio.
Motley Fool Money
Motley Fool Money airs every week on radio stations across America, including top-10 markets Los Angeles, San Francisco, Atlanta, Boston and Washington, DC. The show features a team of Motley Fool analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar.
The Economy Explained - From NPR is an American podcast and blog produced by NPR. Planet Money claims to be “The Economy Explained”.
Disclaimer: The Financial Wellness Advisory Group is an educational resource only. We do not provide professional investment, legal, or tax advice. The information provided is for general educational purposes only, and is not intended as a substitute for the advice of your investment, legal, and/or tax advisors or to be the basis of specific trading or investment activities. If you need investment, legal, and/or tax advice, please consult with one of these professionals directly.