In an effort to teach students about handling their finances, the Financial Wellness Peer Educators of the University of Illinois conducted a presentation entitled “Staying on Good Terms: Managing Credit and Debit.”
It was a part of a series of presentations that will happen for three consecutive Thursdays from 5:30 to 6:30 PM at the Activities and Recreation Center of the University’s Wellness Center.

Kathryn Sweedler, the program’s coordinator and an educator for consumer economics, says that the aim of the program is to help students to effectively manage their money with a focus on debts and credit cards.
The program consists of 16 peer educators from different majors. But, most of them are interested in finance. For every presentation, two peer educators are assigned to present.

The idea of having peer educators teach the students makes the dialogue easy because their ages are close to each other.

Sweedler said that there are usual misconceptions about debt and credit card that students are unaware of. For example, holders of credit card have the option to fully pay their debt or make minimum payments. But, with the first option, it will take a very long time to pay off.

Sweedler added that it is important to have a balance between the two. Just by paying more will make a big difference in the debt of the credit card owner.

Sweedler hopes that in the long run, students will know how to effectively use their cards and obtain loans. She remarked that it is difficult to have plenty of debt in this unstable economic condition.

The Financial Wellness Center is planning to conduct a similar series during the spring season. But, schedules have not been made yet. The next presentation will be entitled “the Secrets of Credit Reports Unveiled” and will be held at the Wellness Center.

Enhanced by Zemanta
Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay

Related posts on loans for people with bad credit:

  1. Financial Crisis for College Students Financial Crisis for College Students College in the United State is not a luxury everyone can afford. It costs so much and average citizens would be forced to get loans that could suffice the amount of their child’s tuition. But the…...
  2. Rise in Student Loan Delinquencies Pushes Colleges to Act Rise in Student Loan Delinquencies Pushes Colleges to Act College education is a privilege only a few can obtain, and for people like Mercadi Crawford who is only raised by a single parent, getting the money to go to a university…...
  3. Why do College Students Decide to Drop Out of School? Why do College Students Decide to Drop Out of School? Fruzsina Eordogh is a graduating journalism student at Loyola University in Chicago. But last spring she decided to drop out of school. It was a hard decision on her part but…...
  4. Smart Financial Tips for Students Smart Financial Tips for Students Going to college does not only give you the responsibility to look after yourself, it also means taking responsibility for your own actions. When you step into the university, you have to be very wise with…...
  5. Man Arrested for Series of Payday Loan Store Robberies Man Arrested for Series of Payday Loan Store Robberies Aurora police was able to catch a 38 year old man who has been responsible for a series of store robberies. His victims are short-term loan establishments, six of which were in Elgin. Kane…...

Tagged with:

Filed under: Student Loans

Like this post? Subscribe to my RSS feed and get loads more!