67. My First CarSee www.bevonomics.org for Fall 2010 schedule
68. CAUTION!!!! Credit Cards $4,100 – average college senior’s credit card debt 91%of undergraduates have at least one credit card $21,000 – average student loan debt at graduation$28,400 – average price of new car
1 – “activate the EFAN”2 - entrance loan counseling: learn about terms of your loans, repayment, rights and responsibilities3 – any documents necessary to complete your awarding4 – FERPA (explain)5 – Dir Deposit (explain)
Log in Page
Step 1 for Students = Entrance Counseling
Step 2 for students – MPN’s
Parents: Step 1 – PLUS requestStep 2 - MPN
UT does not endorse any bank or credit union. You can use any financial institution that you wish.
BAD DEBT – the payments last longer than the item purchased (food, gas, even football tickets and clothing)GOOD DEBT – house, education. Something that appreciates in value or usefulness outlasts payments
Use CC with caution – emergencies (health, auto, family issue) or something that you KNOW you can pay off within 30 days. If you use CC because you don’t have the money to buy something that you WANT, how are you going to pay the CC bill? You’ve already spent future money by using CC to buy something, because you haven’t actually purchased anything – you’ve taken out a loan by using CC.