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6 Student-Suggested Classes to Fill Your Schedule

12 Oct

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It’s that time of the year. Your advisors are sending you emails (and then reminder emails) to stop in and have your advising appointment with them. While there are going to be some very specific classes to take, there are other areas where you have some options to fill a requirement for generals or for your college’s core curriculum. Rather than slogging through a semester with courses that aren’t specific to your major and you don’t enjoy, you might as well see what other students suggest right?

While we’ve written about options for class schedule fillers a couple of times before, it’s a question that comes up often. Plus the best suggestions might not fit in your schedule around the classes you absolutely have to take that semester, so having a few options ready only helps.

So here’s 6 suggestions from fellow students on the best classes to take:

EAPS 106 – Geosciences in Cinema:

Learn about some of the most interesting things that nature has to throw at you like tsunamis, volcanoes, and earthquakes and then watch movies about them. As a plus, this may count as your lab science!

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PSY 200 – Introduction to Cognitive Psychology:

A course suggestions that came up several times, Cognitive Psych comes in as a course that’s entertaining and engaging even to non-Psych majors. The lectures were said to be entertaining and that there were several fun guest speakers as well.

PHIL 110 – Introduction to Philosophy:

While this was noted to not be the easiest course available, the student who suggested this course said it was an incredibly engaging course both with the material and the other students. Great for those with a previous foundation in logical reasoning.

SOC 100 – Introduction to Sociology:

In addition to positive reviews overall, this course was mentioned as being one that is still good even when it’s delivered online. That’s a major plus if you’re looking at adding it on to a schedule that’s irregular with labs overlapping normal times or you’re taking it by itself in the summer or Maymester.

FS 591/ HORT 590 – Commercial Grape & Wine Production:

Whether you took the wine appreciation class (FS 470) or just want to go a step further, FS 591 explores both grape growing and wine production with an emphasis on the varieties that thrive in the Midwest. The real fun here is that you get the opportunity to grow your own grapes, smash and ferment them, then finally taste a wine that’s completely of your own making. It’s hard to beat putting theory to practice in such a fun way.

EAPS 301 – OIL!:

The course has a mixture of homework, quizzes and tests but the real quality is that the professor is incredibly passionate about the subject and is helpful in making sure the students understand the subject. Not much more you can ask for in a general course!

MET 349 – Stringed Instrument Design and Manufacture:

One of the more interesting courses available is MET 349 that has a central task of designing and then building an electric guitar. You’ll work on the project throughout the semester and have a finished guitar at the end as long as you do everything properly.

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Grad School Series: Staying Organized

4 Oct

Different requirements, different deadlines, and different procedures make applying to a variety of graduate programs challenging. Staying on top of everything is crucial to making sure you don’t miss anything important.Staying Organized Grad Schl.jpg

The Purdue University Graduate School is happy to share a few tips for organizing your application materials.

Create a separate file for each institution to which you apply. In that file, keep:

  • a checklist of the application requirements and contact information for both your program of interest and the graduate school. For many institutions, you may have to provide information to both offices.
  • a copy of your final application, along with the confirmation message you receive after successfully submitting your application.
  • a copy of your statement of purpose, along with other supplemental writing or work samples you submit.
  • copies of requests to have your transcripts and standardized test scores submitted to each institution.
  • a record of anyone you contact by email or phone and what you talked about.

Be sure to verify that everything has arrived to the places where you are applying before the application deadline.

For more information on how to apply to the Purdue University Graduate School, check out the Admissions Web page. Best of luck during the application process and beyond.

Repayment for May Grads Begins in November

3 Oct

All information on repayment plans is from this article by David Evans, Ph. D.
Additional info added by Casey Doten, Purdue Financial Aid Administrator

Most student loans begin repayment six months after the student leaves school. With November coming up quickly, now is the perfect time to review your repayment options and set up your payment plan before the first payment comes due!

There are two main types of repayment plans you can choose from: traditional and income-driven. For borrowers that will qualify for Public Service Loan Forgiveness (PSLF), income-driven plans may be the better option. Income-driven plans will require an annual verification of income. This fact sheet describes each of the repayment plans as well as pros and cons of each. For more information about each of the repayment plans visit the Federal Student Aid website.

Traditional Plansstudent-loan-repayment-plans

Standard Repayment Plan

The Standard Repayment plan consist of equal monthly payments over a 10-year period of time. This repayment plan is good for those who can handle making their monthly payments and make enough money to afford them. This payment plan is best for those who have minimal other debts and start working right out of school.

The Pros: You’ll pay off your loan faster compared to other plans, and pay less interest as a result.

The Cons: Your monthly payments will be higher than those made through other plans.

Graduated Repayment Plan

The Graduated and Extended Repayment plans could be an option for you if your income is low when you graduate but will increase quickly. Under a graduated plan, payments start out low and increase during the repayment period, usually every two years. This is a good plan if you can’t afford your current payments but know you will make more money in the years to come.

The Pros: Your loan is still paid off within 10 years.

The Cons: You’ll pay more interest over the lifetime of your loan compared to the Standard Plan.

Extended Repayment Plan

An Extended Repayment Plan is an option if your loan amount is more than $30,000 and you want to stretch your repayment to 25 years.

The Pros: Smaller monthly payments (since they’re spread out over as many as 25 years) and more time to pay off your loan.

The Cons: You’ll be saddled with payments for a longer period of time as well as pay more interest.

Income-Driven Plans

If you qualify for an Income-Driven plan, these are often the most attractive options if you’re willing to recertify your payment each year (it’s not very difficult). However, some of these are contingent on when you took out loans! If you’re interested in student loan forgiveness*, you’ll need to be enrolled in any one of these plans.

Income Based Repayment Plan

If you’re not making enough money to cover all of your monthly expenses the Income Based Repayment (IBR) Plan would be a good option. There are two separate calculations for IBR which are dependent upon when you took out your student loans.

The Pros: The IBR plan takes into account your annual income as well as your family size. Your payment will be 10% of your discretionary income** if you were a new borrower on or after July 1, 2014. Otherwise it will be 15%. Any outstanding balance on your loan will be forgiven after 20 (for undergraduate loans) or 25 (for graduate loans) years.

The Cons: You will have to pay income taxes on any forgiven debt unless you qualify for PSLF (this is true for all loan forgiveness).

Income Contingent Repayment Plan

If you have a federal Direct Loan (other than a PLUS loan), you could opt for the Income Contingent Repayment (ICR) Plan. Your payments could be as low $5 or even $0.

The Pros: Your monthly payment will be the lesser of 20% of your discretionary income or on a repayment plan with a fixed payment over 12 years. You can have your remaining loan balance forgiven after 25 years of regular payments.

The Cons: You’ll pay more over the lifetime of your loan than you would with a 10-year plan, your payment could be lower than the monthly accrued interest and your loan principal will grow. You will have to pay income taxes on any forgiven debt unless you qualify for PSLF.

Income Sensitive Repayment (ISR) Plan

The Income Sensitive Repayment (ISR) Plan is only available for those with Federal Family Education Loan (FFEL) Program. Payments are based on your annual income, family size, and total loan amount. You would pay the loan off in fifteen years.

The Pros: Each lender has their own calculation, but generally it is between 4% and 25% of your monthly gross income, although your payment must be greater than or equal to the interest that accrues.

The Cons: It’s only available for up to five years. After that time, you must switch to another repayment plan. You must reapply annually, and there’s no guarantee that you’ll have continued enrollment in the plan.

Pay as You Earn Repayment Plan

The Pay as You Earn Repayment (PAYE) Plan is another option for those not able to afford their current monthly payments.

The Pros: The PAYE plan takes into account your annual income as well as your family size. Your payment will be 10% of your discretionary income. Any outstanding balance on your loan will be forgiven after 20 years.

The Cons: PAYE is only eligible to those who were new borrowers on or after October 1, 2007 and must have received a disbursement of a Direct Loan on or after October 1, 2011. You will have to pay income taxes on any forgiven debt unless you qualify for PSLF.

Revised Pay as You Earn Repayment Plan

The Revised Pay as You Earn Repayment (REPAYE) Plan is very similar to PAYE. This plan was created to allow more borrowers the opportunity to have their payments lowered to 10% of discretionary income.

The Pros: Not dependent upon when you took out your student loan, the payment will be 10% of your discretionary income. Any outstanding balance on your loan will be forgiven after 20 (for undergraduate loans) or 25 (for graduate loans) years.

The Cons: If you are married, your spouse’s income will be considered whether taxes are filed jointly or separately. You will have to pay income taxes on any forgiven debt unless you qualify for PSLF.

Summary

Federal student loans offer various ways for repayment. If you are in a situation (like so many others who have taken out student loans) that is not ideal for standard repayment of your loan, consider these options. There is a lot to consider when you are trying to decide which repayment plan to choose. Using the Federal Student Loan Repayment Estimator can help you make your decision by showing you what your payments would be under each of the plans described above.

*A note about loan forgiveness: There are two different kinds of loan forgiveness, Public Service Loan Forgiveness (PSLF) and loan forgiveness from your income-driven repayment plan ending. While both plans require you to be enrolled in an income-driven plan to reap the benefits there are some key differences:
-PSLF requires being employed at a qualifying employer in public service (non-profits, government, etc.) for 10 years/ 120 qualifying payments before forgiveness takes place. Standard forgiveness is after 20 or 25 years depending on your repayment plan.

-Any loan amounts forgiven under PSLF are tax-free, but not under standard forgiveness! So if you still have a balance on your loans after 20 (or 25) years, you will owe taxes on it as if it is income. While it’s still better than paying the amount back, it’s important to know it will have ramifications.

**Discretionary income = Your income – 150% of the poverty level in your state for your family size

What is Graduate School & Is It Right For Me?

27 Sep

What is graduate school?

Deciding to pursue a graduate education is not a decision to make lightly. Graduate school is a very focused occupation, so it is important to have a clear idea of what you want to study.Grad School Right.png

While an undergraduate education allows you to explore a variety of areas, graduate school dives into the details of a specific topic. You may work closely with one major professor and additional faculty members to design your course of study, particularly if you pursue a PhD.

You may become part of a lab group or research team, and work closely with other students on that team. Often, these students work on similar, but not identical, topics as you.

How do I determine if a graduate school is right for me?

Graduate school requires a lot of commitment, both from you and the people with whom you will be working. Your major professor will invest a great deal of time, energy, and training to help you succeed. Determining the major professor you want to work with is one of the most important decisions you can make.

While the reputation of the school you are considering is important, even more important is the reputation of the program and the professor with whom you want to work. As a full-time student, you will generally commit two years working toward a master’s degree and an additional three to four years working toward a PhD.

You may not necessarily have scheduled school breaks (such as winter, spring, summer, and fall breaks) as vacation. Understanding this ahead of time will prevent some unexpected frustration.

Approach the graduate school process with the same attitude you would approach a job because ultimately, that’s exactly what it is.

When researching various graduate programs, important questions to consider are:

  • Are you going to enjoy working here? Are the people and environment going to encourage and support your best efforts?
  • What are the course offerings and how are they scheduled (i.e., day or night classes)?
  • How many graduate students has your potential major professor had?
  • What is the average length of time it has taken for one of this professor’s students to graduate?
  • What have been the professor’s current students’ experiences and how long have they worked with this professor? How long do they anticipate their degree completion to take? (Talk to the students directly.)
  • What are the expectations and management style of your potential major professor? When does s(he) expect you in the office? Will (s)he be available when you have questions?

Remember that the interview process is a two-way process. Not only is your school of interest trying to determine if you would make a good graduate student, but you should try to determine if your school of interest is going to be a good fit for you!

Where can I go for more information?

Although your best resources of information about potential graduate schools and programs are often your professors, advisors, career services staff, professionals in your field of interest, and peers pursuing graduate study: there are several online resources where you can search for schools and programs that may fit your interests and needs. These include:

The Ice Cream Lesson: How to Know Where Your Money Goes

26 Sep

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One student we interviewed lived just down the street from an ice cream shop. Most nights, last call for ice cream was .

Invariably, the student would need to take a break from the books at about , and what better way to do that than to take a brief walk and grab a cone?

Often he would invite a friend or two along and pick up the tab for them too. After all, ice cream isn’t all that expensive.

This student took a personal finance class, though, and part of the coursework was to track all expenditures for one month. When the smoke had cleared and the totals were staring at him, he remembers one thing about that exercise especially well: he had spent over $100 at the ice cream shop. And it was winter term!

You should do the same. No, not eat ice cream every day, but track what you spend for a month. Face the reality.

Here’s how to take your financial snapshot:
  1. Keep it simple. You don’t need to micro analyze your spending. We’re just looking for a clear picture of your overall situation.
  2. Determine when you will begin and when you will stop. Typically, a calendar month works just fine.
  3. Determine how you will track what you spend. A simple approach is to use a debit card or credit card for everyth
    ing. That gives you an online trail. For out-of-pocket expenses, carry a small notebook or a few index cards with you and note any cash expenditures on them.
  4. Determine how you will collect and sort your transactions. Banks offer downloadable statements. Most also allow you to sort online and pull down a specific date range. Bring everything into one spreadsheet or bookkeeping program. You’ll need to add your cash transactions in by hand.
  5. Set up your categories and subcategories. It’s helpful to get somewhat granular here, but don’t knock yourself out. The Food category, for instance, could include subcategories for food purchased at the grocery store, from restaurants, from campus food service, and from miscellaneous sources (that’s how the ice cream shop expenditures were captured and noted).
    The exact methodology you employ will be determined by how much latitude you have in setting up the reports pulled from your bank or credit card companies and whether you use an official bookkeeping program or design your own spreadsheet. Either will work, just remember to keep it simple. The easier it is to do, the more likely you are to stick with the plan.
  6. Record your spending during the period without trying to change anything. You want a true picture. Any changes needed will be duly noted and enlisted later. For now, you only want to get at the truth of the matter: how much are you spending and where is it going?
  7. Once your tracking period has ended, pull down the data, clean it up and confirm it, then be prepared to get your eyes opened a bit wider. If you’ve never taken a financial snapshot, you’re sure to be in for some surprises.

Pencil and paper
Here’s one more saying that’s been passed down through generations: “Watch your dimes and your dollars will take care of themselves.”

Most of us will listen up when the discussion is about hundreds or thousands of dollars, but our interest dwindles when the amount seems piddling.

One of our students told a story about waking up in her dorm room to see her roommate unwadding a small pile of dollar bills. They had been laying on our student’s desk.

Noticing she had awakened, the roommate looked sternly at her and said, “Do you know money will take you anyplace you want to go – and you treat it like this?”

It was an impactful lesson in respect. Those who take good care of a little may soon find themselves in possession of a lot.

This is tip #10 of CouponChief.com’s 10 Top Ways Students Can Have More Money This School Year. Be sure to check out the rest of their tips for ways to save and make money throughout the school year!

How I Started to Coupon & Save Big!

21 Sep

Aubrey Rennick, Hospitality Major at Purdue – Class of 2019

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I was asked to write a little about my adventure into couponing after posting this picture of my first “haul” over the weekend.

I think couponing is great for anyone who wants to save even the smallest amount. If you can save a few dollars every week, you potentially can save more than you ever thought in six months or a year. As a college student, I know what it is like to be tight on money, and I wanted to find a way to save money wherever I could.

I have always been fascinated by the extreme couponers that you see on T.V. who save hundreds of dollars in one trip. I decided to follow some couponing pages on Facebook, and I chose to stick to Dollar General pages because I had read that it was easier to follow than trying to start out at Walmart or CVS.

It took me a long time to try and understand all of the lingo being used on the page. Dollar General has an app that you can use digital coupons allowing you to simply clip the coupons on the app, then type in your number at checkout to apply the coupons. I started there because I was not subscribed to a newspaper, so I did not have access the paper coupons but I eventually learned you can print out coupons!

I have only been doing this for a few weeks, and I still have so much more to learn. There are so many rules and different ways that coupons will work. I subscribed to a newspaper and started asking people I knew if I could have their coupons inserts. That is how people get so much stuff, they have a lot of coupons.

My first two trips to Dollar General resulted in me saving money, but I still spent well over $10. I made it my goal to try and get as close to $0 as I could get. I rounded up coupons and studied what other people were doing on the Facebook pages. I learned that certain coupons give you “overage” which means the coupon value exceeds the value of the product you are buying.

I went to one Dollar General only to find that they had about half of the items I was looking for. I still managed to save over $40 and bring my balance down to $5 AFTER taxes.

I decided to hit up another store location, and found all but one of the items. I saved over $45 on that trip, and actually had a NEGATIVE balance.

This meant I could get some other things I wanted/needed for free to get my balance above 0. I was so happy and proud that I had figured out how to start somewhere.

As far as what items I am looking for, I am limited when it comes to coupons. Most of the time it is household products. There will hardly ever be any food deals besides candy and snacks.

I know a lot of the stuff I got on my big haul I personally will not use. I plan on donating items to women’s shelters, disaster relief, or animal shelters. Big things I am going to keep an eye out for are things like toilet paper, paper towels, and toothpaste. These are things that I use daily and can end up being pricey when you start adding it up!

Eat Healthy-Even on a College Budget

19 Sep

Heather Kessler, Purdue University Alumna
www.purdue.edu/mymoney

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Is it really possible to eat healthy while on a small college budget? There are many guides on the internet offering advice on this topic. I’ve gone ahead and broken down a few of the most common suggestions.

1)      Always have low-budget healthy staples on hand.  This is just a small list of what can be helpful to have in the pantry or fridge at all times.

list of healthy foods

2)      Have a plan before you shop.

  • Check to see what is on sale that week at local grocery stores, and what coupons are available
  • Make a menu for the next week (or two)
  • See what you already have in stock in your kitchen
  • Make a list of the other items you need
  • Stick to that list while shopping for items
  • Try to stay around the perimeter of the grocery store as this is where the healthy produce tends to be.  The aisles usually contain items that have been processed and are not very healthy.

grocery store producs

3)      If you struggle with buying more when you have a card, plan how much you are willing to spend ahead of time and get just that amount in cash.  This will help you keep to your pre-determined budget and be less likely to overspend.

4)      For fruits and vegetables try to stick with what is in season and on sale, as it will keep the prices down.  Frozen vegetables are also good to use and will keep longer (and can usually be found at lower prices than fresh vegetables).  Canned is okay, but they tend to use more preservatives in the canning process.

5)      For lean protein on a budget, try to stay with white meats.  Chicken and turkey are both great options.  If you are willing to spend a little more money, salmon or tilapia offer wonderful health benefits.

6)      Whole grains offer the most nutrition for the dollar with items such as bread or pasta.  Try to avoid white bread and pasta since they are processed and most of their nutrients have been taken out.

Try not to waste any of the food you have, you invested good money into those items and they should be used.  If you need ideas on different entrees to make with the same ingredients Pinterest or The Food Network have many different ideas and they are easy to navigate through.  Here’s to healthy eating and more money in your bank account!

Renter’s Insurance: Pros & Cons

14 Sep

Chris Bibey is the founder of Finance.info, a website providing personal finance advice from the pros.

No matter if you are renting an apartment as a college student, or a single family home as a young professional, you are going to have many financial decisions staring you in the face.

Renters insuranceOne of the most important questions you have to answer is this: Should I purchase renter’s insurance or opt against this coverage for the time being?

Like any sort of insurance policy, you need to compare the pros and cons to ensure that you are making the right choice. Upon doing so, you will have a better idea of how to move forward.

Pros

Most people soon find that the advantages of buying renter’s insurance greatly outweigh any perceived downfalls. Here are several benefits you don’t want to overlook:

  • It is affordable. While home insurance can often times be expensive, this is not the case with a renter’s policy. For approximately $10-$15 per month, you can receive up to $50,000 of personal property coverage. These numbers are rough estimates, but give you a good idea of just how affordable a policy can be.
  • The ability to add liability coverage. In addition to coverage for your personal property, liability protection is a big deal. For instance, if somebody is hurt on your property or your dog decides to bite a neighbor, you will be protected.
  • It’s easy to obtain: Plenty of companies offering high quality renter’s insurance. Regardless of where you live, you won’t have a difficult time finding an agent who can provide you with the policy you are looking for. Investigate your current auto or life insurer, they too can have renter’s insurance policies and bundling insurance policies could save you more money.

Consopen-laptop-on-desk.png

Generally speaking, there are not many disadvantages of renter’s insurance. However, here are a couple of things to keep in mind:

  • Deductible: Like any insurance policy, there will be a deductible attached to this coverage. This is the amount you will pay out of your own pocket before your policy kicks in.
  • Another monthly expense: Although renter’s insurance doesn’t cost a lot, this is an expense you have to add to your budget. Can you afford it?

Now that you understand the pros and cons of renter’s insurance, it is time to decide if it is right for you.

For those impacted by recent natural disasters, those with renter’s insurance can reclaim some of the value of their lost property. For those without, they will have to rely on other means. While hurricanes aren’t likely to inundate West Lafayette any time soon, insuring your belongings against theft, fire, and our own natural disaster tornadoes is almost certainly worth your while.

If you rent an apartment or home, this is a relatively cheap type of policy that can provide you with personal property and liability protection. Most agree that carrying some sort of coverage would be in their best interest. How do you feel about this?

Industrial Roundtable This Week!

11 Sep

The annual Industrial Roundtable is happening this week! The Industrial Roundtable is a two-day job fair that attracts around 400 companies and over 10,000 Purdue students, making it one of the largest student-run job fairs in the country.

This is the perfect opportunity to meet face-to-face with companies looking to hire students like you for internships, co-ops, and even full-time positions!

Whether you are a graduating senior or a new freshman, this is for everyone to find opportunities. Even for those who are not involved in Engineering the companies present often are hiring for other positions as well.

With a little preparation and information, you can be on the way to finding the perfect opportunity to gain a crucial internship or even set yourself up with a job for after college.

Company Seminars

If you have any companies that you are specifically interested in, be sure to make time for their company seminar in the Stewart Center. These are happening TODAY and are a great time to learn more about specific opportunities, company culture, and ask questions in a 50-minute session.

Believe it or not, there are 116 different company sessions today in the Stewart Center with start times ranging from 1:30 p.m. through 7:30 p.m.

So stop by, learn from and network with representatives from a potential employer!

Preparing for the Industrial Roundtable

This isn’t some high school job fair, this is the real deal. There isn’t much time before it starts tomorrow, so here is a list of what you need to do:

  1. Reach out to your professors that have courses during the time you plan on attending the Roundtables. They may not permit you to miss class for this and, if so, you’ll need to adjust your plans for how many employers you wish to meet with.
  2. Do your homework on the companies. Yes, these companies are coming to us, but these are major companies that potential employees flock to. It’s a little bit of a treat and a huge compliment that they are coming to Purdue University.
    So return the favor. Look them up, check out their website and see any related news to them. See what they are doing, what their motto is, what breaking discoveries or products they have come out with, are they particularly proud of something, etc.
    Make sure you go into the Industrial Roundtable knowing the company and their representatives. Someone who is excited about what the company is doing will stand out over someone just looking for a job. The Industrial Roundtable website has a list of all the employers coming.
  3. Prep your résumé and bring multiple copies of it with you. Recruiters will be seeing dozens, or even hundreds, of students during the day so give them something to remember you by.
    Now is the time to stand out and make a statement. Our campus has the Center for Career Opportunities (CCO) with trained employees who are more than happy to help you with your résumé in order to stand out from the crowd.
    They can also help you with two other often forgotten aspects: a cover letter, and a follow up letter. It’s up to your discretion if you would need a cover letter, but you should always do a follow-up letter.
  4. Prepare your two minute speech. You likely have two minutes (or less) to make a lasting impression of yourself. And you need to sell yourself. Now is not the time to be humble.
    If you got it, own it and flaunt it.
    Make sure to check both the CCO website and the Industrial Roundtable website as often times, they list tips on which questions you should be prepared to answer.
  5. Dress to impress. This is the real deal and it’s business professional. Be prepared for suits and blazers. If at all possible, don’t take your back pack as it can ruin the look and can make an awkward two-minute speech.
    Recruiters are looking for professionals, so make it easy to see you as one. Many employers won’t even consider someone who can’t look the part. Also, a good outfit is just one more way to stand out.
  6. Make a schedule. Industrial Roundtable tends to have loads of recruiters, representing tons of companies, and typically a pretty sizeable amount of the student population will also attend. It would be impossible to meet with every company and don’t forget you also have classes that you may not be able to/should not skip. So make a list of top ten companies that your experience and background will most likely align with. Be sure to not pick all huge companies or all really popular ones as these will be the busiest and you may only get to two. Be prepared to stand in lines as well.
  7. Make a schedule. Industrial Roundtable tends to have loads of recruiters, representing tons of companies, and typically a pretty sizable amount of the student population will also attend.
    It would be impossible to meet with every company, and don’t forget you also have classes that you may not be able to/should not skip. So make a list of top ten companies that your experience and background will most likely align with.
    Be sure to not pick all huge companies or all really popular ones as these will be the busiest and you may only get to two. Be prepared to stand in lines as well.
  8. Get contact and follow-up info! Remember that these recruiters see tons of people in one day. Having their name and contact info can help you take the initiative. A nice hint is that after you walk away with your card, write what you talked about on it so in your follow-up email or thank-you letter you can reference the conversation and bring you back into their mind more clearly.
  9. Be prepared if any future offers come your way! Think of what your priorities are when it comes to jobs. Is the salary your main concern? What about location, benefits packages, or company size? Knowing what’s important to you helps make the decision much easier.

The biggest thing you should take away from this is that you need to prep and get ready. This is a tremendous opportunity that you don’t want to miss.

Even if you don’t feel like you would get a position, go anyway! You never know what might happen.

Practice your communication skills, networking, and preparing your résumé. Just make sure you get ready for it because the companies will be ready for you.

Remember that each interview is a completely fresh start. If you stumbled on words last time, the next one is your opportunity to give the perfect delivery.

5 Habits of Successful Student Loan Borrowers

7 Sep

In 2015 student loan servicer Navient completed a study to analyze the behaviors of 6.8 million former students who are successfully managing their student loan payments.

They concluded that there are 5 key habits to staying on track to student loan payoff.

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Student loans have several options for deferment and forbearance that can be utilized if your circumstances necessitate taking a break from payments. If your situation is difficult they can work with you to help reduce your payments or even put them on pause. However, they recommend not doing so unless it is truly necessary.

By keeping deferments and forbearances to a minimum, you can reduce the total cost of your loan and shorten the total time that you are repaying it!

Borrowers who use less than six months of forbearance are almost twice as likely to successfully repay than those who take longer postponements. If you need it, use it! Just remember that the loan will still be there when the forbearance ends and you’ll need a plan to repay it then!

Stay Connected

Borrowers who track their progress tend to be more successful in repaying their loans. Just by checking in regularly into your online student loan account can help you stay on track of your loans. It makes you more aware of your current balance, allows you to explore and renew payment plans, and gives you valuable tax information in addition to other useful tools they provide.

Also be sure to provide your servicer with up-to-date contact information so that any communication they send you reaches you in a timely manner! You never know when a time-sensitive document may be on its way.

Graduate

Nothing is more important to getting a return on your educational investment than graduating! 

When you’re still in school, maximize your meetings with your advisor and take 15+ credits per semester to graduate on-time! Extra years in college cost over $138,000 in lost wages, retirement savings and your tuition for the same degree.

However, even for those who didn’t graduate with a degree successful repayment can still be within reach. If college is still in your future, come up with a plan on how you will pay for your degree (including all portions of the Cost of Attendance) to help ensure you graduate and prevent any surprises while you’re still in college.

Stick with Repayment

the longer that you can make payments on your student loans, the more likely you are to successfully repay them. Even when times are tough, continuing to make even small payments is an important factor in completing your repayment.

Whether it on the standard repayment plan, or one of the income-driven plans available, even a small percentage of your discretionary income can keep you on-track with your repayment. Missed payments will damage your credit and cost you more over the life of the loan. 

Talk to Your Servicer

Your student loan servicer is there to help answer your questions and get you through your repayment successfully. Borrowers who reach out with their questions tend to be more successful with their repayment.

9 times of 10, Navient finds that when they talk to a federal loan customer they can help them avoid default and enter into an affordable payment plan. 

If you have any concerns about missing payments, details or enrolling in different payment plans, or just general questions about your loans, engage with your servicer!

Source: 5 Habits of Successful Student Loan Borrowers, Navient Solutions, Inc.

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