On-Campus Jobs
Maximum number of hours you can work an on-campus job in one week.
20 hours
Type of card that comes with a checking account
Debit card
Website where you can find up-to-date information on many legitimate credit cards
NerdWallet
Name 3 ways to pay for college
Minimum age that you can withdraw from retirement accounts without penalty
59.5
Working in the res halls running events, being on-call, and enforcing RIC housing code of conduct
RA (Resident Assistant)
Which is more likely to get your money back quickly if somebody commits fraud: debit card bank or credit card issuer?
Credit card issuer
Type of credit card for building credit
Secured credit card/ student credit card
Name of the form from the US Department of Education that offers grants & loans. You need to fill it out to get the HOPE Scholarship.
FAFSA (Free Application for Federal Student Aid)
Tax-advantaged retirement account through your employer
401(k)
RIC department that "helps" students look for on-campus employment
Career Development Center
Getting paid straight to your bank account
Direct deposit
Numerical prediction of how likely you are to pay a loan back on time based on your credit history
Credit score
The time when interest starts accruing on loans
Right when the loan is taken out
Tax-advantaged account which you can use to pay for medical expenses.
HSA (Health Savings Account)
Working over the summer leading groups around campus, organizing get-to-know-you games, and being on call overnight
OL (Orientation Leader)
A good amount to have in a savings account at any given time
1 month of expenses or more
What can affect your credit score
Total accounts, age of accounts & oldest account, recent credit inquiries, utilization, missed payments
Length of the grace period for repayment after graduation
Tax-advantaged retirement account for INDIVIDUALS (not through employer)
App where you can find & apply to on-campus jobs
Handshake
The interest accrued from simply keeping money in a savings account
% APY (Annual Percentage Yield)
How much a credit card costs
Nothing (unless you don't pay back on time)
Tax-advantaged savings account that can be used to pay for college costs
529 plan
Minimum age that you can contribute to retirement accounts
18 for IRA, 21 for 401(k)