International Finance Corporation2014-04-022014-04-022014https://hdl.handle.net/10986/17607This guide has been created to assist potential student borrowers and their families in making decisions regarding money management. It is intended for students who are considering attending or are already enrolled in a tertiary education institution, and covers topics such as student loans, goal-setting, and repaying debt. The guide aims to educate students in order to make them better money managers and more responsible borrowers throughout their university careers and beyond. This document is divided into seven chapters: 1) basic financial issues; 2) creating and managing a budget; 3) student loans; 4) establishing credit; 5) managing debt; 6) repaying debt; and 7) saving and its benefits.en-USCC BY 3.0 IGOACCESS TO CREDITACCOUNTINGAMOUNT DUEAMOUNT OF DEBTAPRAUCTIONBALANCE DUEBANK ACCOUNTBANKSBORROWERBUDGET CONSTRAINTSBUDGETINGCAR LOANSCASE OF NONPAYMENTCASH ADVANCECASH BALANCECASH PAYMENTCHAPTER 7CLAIMCOLLATERALCOLLECT DEBTSCOLLECTION AGENCYCOMPETITIVENESSCONSUMERSCREDIBILITYCREDIT ARRANGEMENTCREDIT CARDCREDIT CARD DEBTCREDIT CARDSCREDIT HISTORYCREDIT OBLIGATIONSCREDIT PRODUCTSCREDIT REPORTINGCREDITORCREDITORSCREDITWORTHINESSCURRENCYCURRENT DEBTCUSTOMER SERVICEDEBIT CARDDEBIT CARDSDEBTDEBT CATEGORIESDEBT COLLECTORDEBT COLLECTORSDEBT CONSOLIDATIONDEBT LEVELDEBT LEVELSDEBT MANAGEMENTDEBT OBLIGATIONSDEBT PAYMENTSDEBT PROBLEMDEBT PROBLEMSDEBT REDUCTIONDEBT REPAYMENTDEBTSDEPENDENTDEPOSITDEVELOPING COUNTRIESDISPOSABLE INCOMEDOWN PAYMENTEDUCATION COSTSEQUIPMENTEXISTING CREDITEXISTING DEBTEXPENDITURESEXTENSION OF CREDITFINANCESFINANCIAL RESOURCESFORCED SALEFORECLOSUREFUTURE DEBTGARNISHMENTGRACE PERIODHOME COUNTRYHOUSINGINSTRUMENTINTEREST PAYMENTSINTEREST RATEINTEREST RATESINVESTMENT INCOMEINVESTMENT STRATEGIESLATE PAYMENTLEGAL PROCESSLENDERLENDERSLEVEL OF DEBTLEVELS OF DEBTLIENLINES OF CREDITLOAN AGREEMENTLOAN DEFAULTLOAN PAYMENTLOAN PAYMENTSLOAN REPAYMENTLOCAL BANKMAKING PAYMENTSMEDICAL BILLSMICRO- CREDITMOBILE PHONEMONEY MANAGERMONEY MANAGERSMORTGAGEMORTGAGE DEBTMORTGAGESNEW CREDITNONPAYMENTOPPORTUNITY COSTOPPORTUNITY COSTSORIGINAL AMOUNTORIGINAL CREDITORPAYMENT HISTORYPAYOFFPENALTYPERSONAL LOANPERSONAL LOANSPORTFOLIOPOTENTIAL LENDERPOTENTIAL LENDERSPSYCHOLOGICAL BARRIERSPUBLIC AUCTIONREGULAR PAYMENTREGULAR PAYMENTSREPAYMENT SCHEDULEREPOSSESSIONRETURNSALARYSAVINGSSAVINGS ACCOUNTSECURE PAYMENTSKILL SHORTAGESSMALL BUSINESSSTUDENT LOANSTUDENT LOANSSUSTAINABLE DEVELOPMENTTAXTAX LIENTOTAL DEBTTRANSACTIONTRANSPORTTYPE OF DEBTTYPES OF DEBTUNEMPLOYMENTUNEMPLOYMENT RATESUNSECURED DEBTUNSECURED DEBTSVALUABLE ASSETVARIABLE RATE10.1596/17607