CREDIT
What is credit?
Credit can mean either borrowing money or getting something of value, like a car, with the commitment to repay later and often with interest charge.
What does the acronym FAFSA stand for?
Free Application for Federal Student Aid
What is a budget?
A budget is a spending plan based on income and expenses.
What age do your start paying for your own healthcare? Where do you go for medical assistance in college?
26; There is always a clinic/hospital on campus.
You want to go to summer school but you don't want to pay the University prices? What can you do?
Take classes at the local community college and transfer the credits.
What is a credit score?
Your credit score is a three-digit number from 300 to 850 that is calculated using information from your credit report, which depicts your creditworthiness.
What is the timeframe to payback student loans?
6 months after graduation
Who can file taxes? What age?
Anyone who works; 15+
You are running low on your meal plan and you have 1 month left before the semester ends. What do you do? What are some options you have?
1. Budget/plan for your meals using a monthly calendar, determine how much of a grocery budget you will need and consider how many more swipes/days you can use your meal plan. Then create a meal plan/grocery list and fill in the days.
2. Ask the BURSAR'S OFFICE about adding to your meal plan and find out the cost.
3. Some colleges allow you to place the balance on a promissory note and pay at the end of the semester.
I'm not sure how I will pay for college or anything after high school? What are some realistic options?
Using FAFSA, pell grants, scholarships, payment plans paid with a part-time job, or work study
What is the typical age that you start building credit?
The minimum age to get a credit card and establish a credit score is 18; you can establish credit sooner, using apps like SELF.
What is the difference between a loan and a grant?
A grant, unlike a loan, does not have to be repaid.
What does it mean to get paid "bi-weekly"?
Pay checks are distributed every 2 weeks.
You're having conflict with your roommate! You want to move now! Who do you speak with to help resolve the issues?
Resident's Assistant (RA) RAs provide leadership to residents and help to create and maintain an accepting, respectful, and friendly atmosphere that stimulates student learning and development while living in the dorms.
I heard the Political Science teachers are all hard. How do I know what professors to take?
You can talk to your college advisor, ask other students in your department/major, you can also check out https://www.ratemyprofessors.com/ for reviews
Why do you need to have good credit?
To buy a car, apply for an apartment, get a loan, sometimes even a bank account or job.
What is the average financial aid award per student?
$15,000
What does IRS stand for and what does it do?
The Internal Revenue Service is the nation's tax collection agency.
You have missed your 8am Statistics class 3 times at the start of the semester. You are worried you may not finish the class strong. What are your options? Who do you speak with?
1. Speak with your teacher first to see if there is an alternative time/day for the class that you may sit in on to catch up.
2. Speak with your counselor about an alternative time/day for the class.
3. Consider withdrawing as a last resort and replace with another needed class.
Your classmate was just accused of plagiarism. What office will be contacting them to discuss the academic violation?
Registrar's office maintains, interprets, and monitors academic policy, integrity and communicates procedures to faculty, students, and the College's various constituencies.
Where can you check your credit accruately?
My Fico
Who completes a majority of the FAFSA form? Why?
Your parent/guardian because it's based on their tax information, dependents, etc.
How often does the federal minimum wage increase?
The minimum wage does not increase automatically. Congress must pass a bill which the President signs into law in order for the minimum wage to go up.
Oh no! You ran out of money from your book stipend but you need one more Physical Science book for the semester. What are your options?
1. Buy the book on your student account and purchase at the end of the semester (Must be paid back before enrolling in the next semester).
2. Order a used book or rent a book from AMAZON, EBAY or CHEGG
3. Check the school library
You just received an email that you owe a balance for school. You thought your tuition was covered? Who do you go speak with? What options might you have to cover the balance?
Bursar's Office; You may be able to put the balance on a "Promissory Note" a signed agreement promising to pay a stated sum for a later date or in installments