Personal Finance

Take Control of your Finances with SALT

A free new program offered through the Office of Scholarships and Financial Aid aims to make students and staff more financially literate.

The program, SALT, comes complete with interactive lessons and classes, such as Money 101, loan calculators and scholarship searches accessible on its website.

Backed by the nonprofit American Student Assistance, SALT derives its name from Roman times during which they used salt for trade, and it also translates well to other languages.

Aside from financial tips, SALT provides information about job and internship opportunities.

“We were looking for a program not only focused on loans and debt, but a more comprehensive program,” said Office of Scholarships and Financial Aid Assistant Director Tara Micgiel. “It helps keep students on the path for financial success in college and beyond.”

Before, the Office of Scholarships and Financial Aid just had pamphlets students could read if they wanted to, but Micgiel said she hopes SALT provides something more meaningful.

So far, 1,371 students already activated their membership with SALT, and the office plans to get a table out in the Brickyard and get the word out to more students, according to Micgiel.

Still, students must do more than activate their accounts.

“I think it’s a great product, a great resource for students, but something students need to actively pursue,” Micgiel said. “The information is on the website, but it’s not something you consistently get sent in an email.”

Part of that information comes in the forms of articles ranging from scholarship application advice, to finding the right job.

“The articles are written in a way that would appeal to college students with fresh language that’s to the point,” said Office of Scholarships and Financial Aid Assistant Director Jamie Pendergrass.

Some students use other sites, such as mint.com, which differs completely from SALT since it links to the users’ bank accounts and tells them where they are spending their money and how they can cut back, according to Micgiel

Certified security personnel manage SALT, and do not release personal information to third parties without the user’s consent.

For more information including how to register, visit: go.ncsu.edu/salt.

By Sara Awad