Money Management Center to host student loan workshop

Money Management Center to host student loan workshop

April 08
22:29 2013

Ben Peyton / Senior Staff Writer

The Student Money Management Center offers one-on-one student loan advising in Chestnut Hall, but is hoping that they can increase their services to the student body through workshops.

Paul Love, Organizational Behavior and Human Resource Management senior and the Student Money Management Center, will lead a workshop today from 5 to 6 p.m. in room 317 of the General Academic Building. He will talk about the options students have in repaying their student loans.

Love said the whole student loan process is a balancing act of proper budgeting and repayment planning.

“As important as the student loans are to pay back, you can’t pay it back if you don’t have money to pay your rent,” Love said.

The presentation will consist of a PowerPoint focusing on knowing whom you owe, how much you owe, repayment options and providing resources, Love said.

English Literature graduate student Rebecca Stevens said that aside from the required paperwork during the loan application process, she has not received any advising, but does not feel concerned.

“I kind of figured that out on my own,” she said. “I live on my own I pay my bills.”

The biggest problem that students face with student loans is a lack of information on repayment options and who to pay, Love said.

Stevens has accumulated about $80,000 in student loan debt and hasn’t determined a repayment plan.

About 60 percent of college students borrow annually to cover expenses, according to the Chronicle of Higher Education.

Love estimates that the average student loan debt per person at UNT is between $25,000-30,000 dollars after graduation, Love said.

Love also warned against accepting too much student loans.

“Know how much you need and actually have a plan ahead of time before you graduate,” Love said.

Undeclared freshman Jose Hernandez said he received some guidance from high school counselors and expects to complete his undergraduate degree with “not too much” debt from student loans.

Pre-psychology senior Zach Vazquez said he took out a student loan for the first time this semester and plans to graduate and pay back his loans with graduation money and income.

For more information about the workshop or Student Loan advising contact the Student Money Management Center at 940-369-7761.

About Author

Reporter

Reporter

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Sidebar Top Ad Banner

Latest Issue of North Texas Daily

Social Media

Sidebar Thumbnails Ad

NT Daily TV

NT Daily TV

Sidebar Middle Ad

Twitter Feed

North Texas Daily @ntdaily
From delicious food and beautiful works of art to updates on the athletic fee increase and figures regarding rent i… https://t.co/3hxuY28g8P
h J R
North Texas Daily @ntdaily
OPINION: "Misinformation is the natural result of a moralistic rot in journalism that has never been allowed to fes… https://t.co/WBf40wxcKf
h J R
North Texas Daily @ntdaily
Buckner, a transfer from Collin College who began at Baylor University, showed up to North Texas with all the poten… https://t.co/QJ5VfxSn3X
h J R
North Texas Daily @ntdaily
A movie plays loudly over the large room of Infinite Capabilities, a day center for adults with intellectual and de… https://t.co/uvH4qtzIfH
h J R
North Texas Daily @ntdaily
RT @spicer_alec: Photographers don’t always get the credit they deserve in journalism. Here’s a preview of some of the photos you can see i…
h J R

Sidebar Bottom Ad