dollars and sense - university of iowa · dollars and sense student employment and financial...
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Dollars and Sense
Student Employment and Financial Literacy Services
The University of Iowa-Employment Basics
Student To Employed Professional
Positive Campus Experience:• Transferable Skills Development• Improved Campus Engagement• Networking & Social Development• Increased Awareness of Campus Resources
Positive Student Outcomes:• Improved Year-Over-Year Retention Rates• Improved 4 & 6 Year Graduation Rates• No Negative G.P.A. Effect
Positive Experience Positive Outcomes
Part-Time• 6,000 Employees/Year• Employer Pays 100%
• Jobs From 1-20 Hours/Week• Average Wage: $10.75• Most Frequent Wage: $9.50
• 1,000 Employees/Year• Employer Pays 50%--Federal
Work-Study Pays 50%• Jobs From 1-20 Hours/Week• Average Wage: $10.11• Most Frequent Wage: $9.50
Work-Study
UI Employment Breakdown
HireaHawk• UI Online Job Advertising System• Student Jobs/Internships/Full-Time • Updated Monday-Friday with New Opportunities• On-Campus & Surrounding Community Openings
Getting Started• Update HireaHawk Profile• Complete and Upload Student Employment Application• Upload Your Resume
**It is highly recommended that students view the PDF Tutorial “How to Search and Apply for Student Employment” first
Job Searching
Student Job Fairs:• Fall: Wednesday, August 23
Spring: January 24• 11 AM – 3 PM, IMU Main Lounge
UI Resources:The Office of Student Employment Pomerantz Career Center213 Calvin Hall C310 Pomerantz Center319-335-1460 [email protected] [email protected]
Resources
Financial Literacy Services
• Budgeting• Loan repayment• Understanding financial aid• Filing FAFSA• Credit• General financial concerns• Presentations and outreach
Financial Literacy Services
• Set up appointment through MyUI• Advising Appointment• Office of Student Financial Aid
• Same way students make an appointment with academic advisor
Budgeting
Budgeting
Budgeting
Good Budget
Spending Leaks
• Starbucks grandé latte 3x each week• $4.25 x 3 = $12.75 x 4 weeks = $51.00
• Lunch downtown 2x each week:• $8.00 x 2 = $16.00 x 4 weeks = $64.00
• Parking in ramp 2x each week:• $7.00 x 2 = $14.00 x 4 weeks = $56.00
• TOTAL SPENDING LEAKS: $171.00
Spending Leaks – Loans• Starbucks grande latte 3x each week
• $51.00• $51.00 x .045 = $2.30 per year x 10 years = $74.00
• Lunch downtown 2x each week:• $64.00• $92.80
• Parking in ramp 2x each week:• $56.00• $81.20
• TOTAL SPENDING LEAKS: $171.00• TOTAL COST IF PURCHASED WITH LOANS: $248.00
Loan Counseling
Loan Repayment
• Making payments while in school
• Planning for graduate school
• Repayment strategies• Repayment goals• Repayment plans• Loan forgiveness
What students say…
[I learned] about each of my loans and how to utilize them in the best way possible, while also
understanding about my U-bill
She was able to answer all my questions regarding loan repayment, and even had some suggestions I hadn’t thought of. She was also
kind and nonjudgmental.
She took her time to walk through all of my questions and gave me some great
resources and understanding!
