2008 Woodie Awards
Workshop helps students prepare for life after college
Joelle Tartaglio
Issue date: 4/10/08 Section: Features
The choices you make with your money right now affects the probability of that.
Coming in second after Washington D.C., New Hampshire students are finding themselves in major debt.
When asked about our states problem Berube said, "It's a touchy subject but tuition at state universities in New Hampshire lag behind what the rest of the country has in funding for higher education."
According to Berube, the average KSC student will graduate with $22,000 in debt with 10 years to pay it. If you go to graduate school the money will keep building interest from your undergraduate schooling.
Berube stressed the facts of knowing where your loans are and what's happening with your money at all times. She also explained how important it was to know your credit report.
"The average American's FICO score is 723 from a scale of 300-800," said Berube.
Credit reports are beginning to play an even bigger role in our lives with recent companies that take interest in your credit report and may even be looked at in the process of job hiring. Even simple things such as an unpaid $30 medical bill can affect your credit score.
Nine thousand dollars worth of credit card debt is what the average American is facing based on an 11-card carrier.
It's important now that you save money. Berube informed students that there was no penalty for making payments before loan repayment actually starts.
Paying ahead will decrease the total amount of interest that you pay on your loan and will help to repay your loan faster.
As of now, students are balancing school, social life and minimum wage paying jobs wondering how they are going to become successful in a society which is making hard to obtain high level working positions without a degree.
"Very few students can afford college on their own now a days. It's the families paying for higher education," said Berube.
If you have any other questions about debt management or how to check your credit report visit mappingyourfuture.org or annualcreditreport.com.
Coming in second after Washington D.C., New Hampshire students are finding themselves in major debt.
When asked about our states problem Berube said, "It's a touchy subject but tuition at state universities in New Hampshire lag behind what the rest of the country has in funding for higher education."
According to Berube, the average KSC student will graduate with $22,000 in debt with 10 years to pay it. If you go to graduate school the money will keep building interest from your undergraduate schooling.
Berube stressed the facts of knowing where your loans are and what's happening with your money at all times. She also explained how important it was to know your credit report.
"The average American's FICO score is 723 from a scale of 300-800," said Berube.
Credit reports are beginning to play an even bigger role in our lives with recent companies that take interest in your credit report and may even be looked at in the process of job hiring. Even simple things such as an unpaid $30 medical bill can affect your credit score.
Nine thousand dollars worth of credit card debt is what the average American is facing based on an 11-card carrier.
It's important now that you save money. Berube informed students that there was no penalty for making payments before loan repayment actually starts.
Paying ahead will decrease the total amount of interest that you pay on your loan and will help to repay your loan faster.
As of now, students are balancing school, social life and minimum wage paying jobs wondering how they are going to become successful in a society which is making hard to obtain high level working positions without a degree.
"Very few students can afford college on their own now a days. It's the families paying for higher education," said Berube.
If you have any other questions about debt management or how to check your credit report visit mappingyourfuture.org or annualcreditreport.com.
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