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The latest news, trends and information to help you with your recruiting efforts.

Posted November 05, 2019 by

Do this year’s college grads face the likelihood of crippling debt and delinquent repayments?

The student debt that Millennials and now Gen Z have and are incurring is crippling and, long-term, could financially devastate an entire generation. Those who went to college in the 1980s or earlier simply can’t relate as the cost to attend college then could be covered by working part-time as a waiter or bartender and any debt they graduated with could be repaid within a handful of years working at a job that paid well but not even great.

Today’s students are often attending schools that charge $25,000 or more per year plus another $15,000 in related costs such as traveling to and from school each semester, rent, food, and books. A four-year degree, therefore, often costs $160,000. Part-time jobs typically pay about $10 per hour. At 20-hours a week, that’s $41,600 over four years, so about $120,000 needs to be financed. Student loans often carry interest rates of eight percent or more, so over 20-years the average student is going to see about half of their gross wages disappear to repay the principal plus interest on their student debt.

The end results is that the average graduate of a four-year college or university is effectively being asked to live on about $25,000 per year. If they run into any unexpected, significant expenses like the need to replace a car or have surgery, then there is a very real possibility of them falling into delinquency. Many of the student loans then charge huge penalties, including significantly higher interest rates. So if you miss a payment one or two times, your already exorbitant interest rate of eight can easily escalate to 16 percent and then 24 percent. Before you know it, you’re paying 24 percent interest on a six-figure loan that is non-dischargeable in bankruptcy. If that’s not a recipe for financial disaster, I don’t know what is.

Posted June 30, 2016 by

Limitless career opportunities: Indian Health Service

Opportunity. Adventure. Purpose.

IHS_REC_Blog_730x150_GrtPlains_Horses_MAY_ColRecrThe Indian Health Service (IHS) Great Plains Area is one of the best-kept secrets in the world of health care employment opportunities today. With clinical opportunities in more than 15 health profession disciplines, the sky truly is the limit for clinicians hoping to practice in the Great Plains Area.

Offering health professionals opportunities to provide comprehensive health care to more than 122,000 American Indians and Alaskan Natives in hospitals, clinics, and outreach programs throughout the Great Plains Area, Indian Health Service provides clinicians with three distinct career path options. Each option offers comprehensive salary and benefits. Indian health professionals are also eligible to apply for up to $20,000 per year in loan repayment of their qualified health profession education loans.

That’s not all. An Indian health career within the Great Plains offers clinicians a unique work/life balance, including ample opportunity for recreational pursuits throughout North Dakota, South Dakota, Nebraska, and Iowa. Known for its awe-inspiring natural attractions and landmarks, the Great Plains Area boasts world-class fishing, hunting, hiking, skiing, and more.

In addition to opportunities for health professionals, Indian Health Service lays the foundation for the education of future Indian Health Service leaders through three levels of scholarship assistance for American Indians and Alaska Natives. Since its inception in 1977, the IHS Scholarship Program has provided thousands of scholarship recipients with financial support in their educational pursuits leading to careers in health care.

IHS_REC_Blog_300x200_GrtPlains_Phys_MAY_ColRecrWhat’s more, the IHS Extern Program allows health profession students a chance to receive hands-on instruction while working alongside Indian health professionals. Externships are available for 30 to 120 days during non-academic periods. Externs become familiar with Native communities as well; this cultural experience is invaluable in today’s diverse workplace.

Visit ihs.gov/careeropps for more information about the limitless Indian health opportunities available for recent graduates and health profession students within the Great Plains Area.

Want to learn more about other great employers and career options? Keep reading our blog and register to search College Recruiter’s website for great internship and job opportunities, and find the right fit for you. Be sure to follow us on LinkedIn, Twitter, Facebook, and YouTube.

 

Posted November 11, 2015 by

Three tips for military service members enrolling in higher education

Three tips for military service members enrolling in higher education

Tracey Thomas, making a difference in military service members' lives  at UACCB since 2003

Tracey Thomas, making a difference in military service members’ lives at UACCB since 2003

Understanding VA Educational Benefits

Military service members are often on “information overload” after exiting the military, so they may bypass or misunderstand information given to them. The best thing veterans can do after discharge is talk to a School Certifying Official about the process of accessing VA (Veterans Affairs) Education Benefits. Understanding how to access their benefits, the rules and regulations required for maintaining their benefits and how their benefits payout will help eliminate any misunderstandings and stress. This also allows service members to make informed decisions when presented with options and when deciding how best to juggle school, family, employment, and finances. Active, Reserve, and National Guard members face these same challenges plus a few more because they may qualify for tuition assistance and/or a state funded benefit, so learning the regulations and processes of multiple VA Education Benefits can be especially overwhelming. Navigating this process is not something students should attempt alone.

Don’t rush the process

Trying to jump into school a few weeks after discharge may cause unnecessary stress. It takes time for the Department of Veteran Affairs to process a new application, as well as other types of financial aid, so this will cause a delay in receiving financial assistance. Sometimes it’s better to delay enrollment for one semester, allowing service members adequate time to submit all required documents for college admissions offices; this also ensures all available financial aid is in place when enrolling. This prevents undue stress and frustrations, so service members and veterans can fully concentrate on successfully completing their classes.

Overload of courses

Since VA Education Benefits are limited (36-48 months), some service members try to take an overload of courses to complete their programs quickly. About a month into the semester, service members realize they took on too much when trying to juggle employment, family, and school. If classes are dropped, this may lead to overpayments of financial aid and/or their VA Education Benefits. Service members need to remember it is better to take an extra semester to successfully complete all courses stress-free than to fail or drop courses due to overload and possibly end up in overpayment as well.

Above all, service members should keep in touch with their local School Certifying Official(s) to receive prompt answers to questions, to avoid miscommunication regarding benefits, and to receive support and encouragement while on campus. We’re here to help.

 

Tracey Thomas, Assistant Registrar/School Certifying Official at the University of Arkansas Community College at Batesville (UACCB) since 2003, provides daily assistance to service members and their families in accessing their VA Education Benefits, informing them of VA requirements, certifying enrollment to the VA, providing academic advising, tracking attendance and progress, and offering a listening ear when they become frustrated or want to share their stories of success and accomplishment. Tracey also serves as a mentor for the School Certifying Officials in Arkansas. She says the best part of her job is helping service members and their families. “I feel we owe them for their sacrifices, so it’s important for me to give a little back.”

 

Posted January 04, 2013 by

Five Things to Know About Your Student Loans

CollegeRecruiter.comThe following post provides information on student loans, in case you need to get some or you will be paying some back.

Over the next few months, many students who graduated or left school in the spring of 2012 will reach the end of their grace period and start repaying their student loans. Now is a great time to brush up on the basics of student loans.

Financial aid comes in many forms. Grants and scholarships are often called “gift aid” because they don’t have to be repaid. Another form of financial aid is work-study.  Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses.

Follow this link –

Five Things to Know About Your Student Loans

Posted October 31, 2012 by

Financial plan for students – How to fund education smartly

A student loan bag

A student loan bag. Photo courtesy of Shutterstock.

Student debt is growing by leaps and bounds. This is breaking past all records previously held by other lines of credit. For the first time in the history of US, student debt surpassed credit card debt in 2010 and then it overtook auto loans in 2011. Finally, the Consumer Protection Bureau had to admit this March 2012 that student debt has swelled over $1 trillion mark. Therefore, students need to plan their finances to pay for their college fees since the debt relief programs provided by the government are very tough to qualify. (more…)

Posted November 10, 2008 by

Is a Debt Consolidation Loan Right For You?

The struggling economy has made things tough all over, especially for recent college graduates. Besides regular expenses like rent, utilities and groceries, they have thousands of dollars to repay for student loans. Add credit card debt to the mix and it’s easy to see how someone could feel overwhelmed. A debt consolidation loan, like the ones offered by Bills.com, might be just what they need to help them pay all their bills off faster.

Anyone can lose track of his spending and end up in debt. Credit counseling services are great and they can help with lowering the amount owed to each creditor, but college students and recent college graduates often have limited funds so this option isn’t really good for them. A debt consolidation loan through Bills.com pays all creditors, then the borrower only makes one payment on one bill, instead of having the payment divided evenly between several bills.

Getting out of debt in these tough economic times could be challenging. College students and recent college graduates don’t usually own homes so refinancing a mortgage isn’t an option. And bankruptcy should be seen as an absolute last resort. Bills.com explains all the bill consolidation options available, they offer advice on what should be considered before deciding to get a debt consolidation loan, and they give free quotes online.

Posted November 07, 2008 by

How To Get The Best Student Loan Consolidation Rates?

Do you have lots of different students loans, and are slowly going crazy trying to remember when they’re all due and how much you need to pay? If so, then consolidating your student loans into one loan will make your life a lot easier. But before you sign a loan contract, make sure you shop around for the best interest rate you can get.
One of the most important things you can do in order to get a good interest rate is to have good credit. This sounds very simple, but plenty of people go loan shopping without even knowing what their FICO score is. Continue reading about the best student loan consolidation rates …
Article by, Inspiron and courtesy of Student Loan Consolidation Rebate
Posted October 29, 2008 by

Finding a Reputable Student Loan Consolidation Lender

A typical consolidation loan designed to deal with student loans combines several student or parent loans for students into one comprehensive loan from one single lender. Consolidation loans are available for most federal student loans including FFELP (Stafford, PLUS and SLS), FISL, Perkins, NSL, HEAL, Guaranteed Student Loans and Direct loans. Generally, a person can end up saving money on the interest rate associated with a consolidated student loan. The interest rate is computed on a consolidation loan by weighing the average of all the existing interest rates on the student or parent loans that currently are in place. The consolidated student loan will be capped at 8.25% and will also be rounded up to the nearest 1/8 of a percent. While you can save money on the consolidated rate in some instances, you do need to keep in mind that the weighted average actually may not change the underlying interested cost of the loan overall because it actually is the average of the interest rates for the overall loan balance of the individual existing loans. Continue reading about how to find a reputable lender …
Article by, Athlon and courtesy of Student Loan Consolidation Rebate
Posted September 17, 2008 by

Questions To Ask Before You Consolidate Your Student Loans

Federal apprentice accommodation alliance is a chargeless federal affairs that allows anyone with outstanding federal apprentice accommodation debt to amalgamate their loans, extend their claim term, and lock in their absorption rate. The agreement and altitude on all federal apprentice accommodation consolidations are set by the U.S. Department of Education, acceptation that all federal apprentice accommodation consolidations are, at atomic initially, created equal. There are no accommodation penalties or fees, and every lender has to action the aforementioned federal abstinence and adjournment options and the aforementioned antecedent circumscribed absorption rate. This bulk is based on a abounding boilerplate of the absorption ante of all the outstanding apprentice loans angled to the abutting 1/8th percent.
So, if every lender is alms the aforementioned federal agreement and conditions, and every circumscribed accommodation will accept the aforementioned antecedent rate, what’s the aberration amid alliance lenders? The aberration amid lenders is in the borrower allowances that are offered. These differences can be appealing substantial, and by allurement the appropriate questions, acute borrowers can get the best accord on their federal apprentice alliance loan. Continue reading …
Article by, Athlon and courtesy of Student Loan Consolidation Rebate
Posted September 16, 2008 by

Student Consolidation Loans- New Low Rates

Some online lenders are now offering lower interest rates on student consolidation loans. Some of these lenders are offering to take an additional 1.25% off the federal governments already low 7.5%. This could add up to a great savings for anyone who may be considering refinancing their student loans right now.
Loan consolidation is the process of combining multiple student loans into one new loan. Most federal student loans can be consolidated. Fortunately, consolidation can occur while you are still in school, during your grace period, or when repaying your loans. However, you can only consolidate your student loans once. It’s crucial to have a thorough understanding of student funding options in order to make smart financial decisions that will inevitably have a long-term impact and benefits. Consumers must choose experienced, trust-worthy loan consolidation specialists that can answer all questions and equip families with up-to-date information on current interest rates, as well as rates over time. Be sure to read all fine print; there are no fees associated with consolidation, go somewhere else if a lender requires fees. Continue reading …
Article by, Athlon and courtesy of Student Loan Consolidation Rebate