5 Advantages to Networking During Break

5AdvNetworking-Break

Use your time over the holiday break to boost your networking connections. Here’s why:

1. You’ll see a wide variety of people

During the holidays, you’ll likely see relatives, family friends, neighbors, former classmates and previous employers, all of whom have their own circles of connections and acquaintances. Tell as many as you can about your career aspirations — you never know when the opportunity may arise for someone to put in a good word for you.

2. Organizations have holiday parties too

Check out the websites and calendars for professional organizations in your career field. Many are happy to welcome interested students to their events, which creates a chance for you to meet and impress a large number of potential connections.

3. You have an extended period of free time

If you’re not working, you may have time to job-shadow for a week or more, or even volunteer to complete a small project for one of the companies you’d eventually like to work for. This offers a potential employer the opportunity to see your skills while you provide a valuable service, and it allows you to make connections with the employer and staff (who may also recommend you to their own connections later).

4. You have time to travel

With a stretch of two to four weeks away from school, you will have time to travel to a distant city or employer that appeals to you. Contact companies in your desired area and ask about opportunities for informational interviews, career exploration discussions and job-shadowing in your field.

5. The pressure’s not on

Since you have time before graduation, making connections now provides plenty of opportunity to develop relationships without appearing to try to land a full-time job. Perhaps the professional you met at the neighborhood holiday party will become a mentor throughout your college years and early career, or maybe a potential employer you visit now will become an internship opportunity for next summer.

Networking Tips

Before you head out to your first potential networking event, make sure you:

  • Have prepared a brief summary of your goals. Nail a casual yet professional 30-second networking speech about what you want to do and why.
  • Have contact cards and resumes on hand. Be ready if people ask if they can have a colleague or acquaintance contact you.
  • Set up your profile on LinkedIn and other social networks. Even if someone doesn’t seem interested right away, he or she may have occasion later to try to find out more about you.
  • Clean up your social media accounts. Your contacts and their connections may check you out before agreeing to an informational interview or calling you. Make sure they don’t have reason to call someone else instead.

And, always remember to say thank you, whether it’s for a person’s time, an introduction to someone else or a potential opportunity.

By: Iowa Student Loan

Six Tips for Staying Sharp During Break

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Winter break: a perfect time to catch up on sleep, eat wonderful meals with family and relax in front of the TV. These opportunities to recover from the stress of classes, homework and studying are important. But don’t let your time away from the classroom impact all that you have been learning. Stay sharp by engaging your mind in different activities.

Take Time to Read

A book, news or sports articles or your favorite blog. A break from typical academic reading to focus on topics that you really enjoy can remind you why you like to read before textbooks and research papers become your major source of words again.

Tutor a younger student

Helping someone master a difficult math concept, memorize the periodic table or learn about your favorite subject can benefit you both. The student you spend time with gains from your knowledge while you get a chance to look at a topic from a different point of view (you’re the teacher now, not the student).

Take an online class

If you’re in college, you may be able to take an intensive online class or two over the winter break for credit. If you’re in high school or your college doesn’t offer online classes during the winter break, check out your local community college offerings for credit or look for free online learning opportunities where credit may not be offered but interesting topics may be available. Top colleges like Yale, Harvard and MIT offer access to prerecorded lectures and courses at no cost.

Work ahead

Do you have your syllabus and books for next semester’s classes? Or do you know where you left off in a year-long class? Make good use of your down time by getting through some early reading and studying. Don’t forget to take notes about what you’re reading so that you can quickly refresh your memory when class starts back up in the new year.

Do something fun

Staying mentally sharp doesn’t necessarily mean doing work. Challenge yourself with a puzzle, arrange a family game night or create a scavenger hunt filled with riddles and problems to solve for friends. Entertaining activities can stimulate your mind and be much more enjoyable than spending time answering practice questions.

Don’t forget to exercise

Take your mind off school subjects by going for a walk, hitting a local basketball court with friends or trying your luck at an ice skating rink. Your mind and body will both thank you for some physical activity.

By: Iowa Student Loan

Understanding Starting Salaries

Do you know how much college graduates can expect to make in their first job? Iowa Student Loan offers this information, along with other related career information, for college graduates with common majors in its ROCI Tool.

Explore Careers with the ROCI Tool

This unique tool shows students how to estimate a realistic return on college investment, or ROCI. After choosing a college major, users see:

  • Top jobs held by college graduates with a degree in that major.
  • Links to the U.S. Department of Labor’s Occupational Outlook Handbook description for each job.
  • Whether those jobs are considered to be on the career track for, or closely related to, that major.
  • The probability of a graduate with that major obtaining each job.
  • The average starting salary, which is equivalent to the maximum recommended total borrowing level.
  • Anticipated new jobs needed by 2024.
  • Proportion of graduates with that major holding that job.

Use the ROCI Tool to compare jobs, starting salaries and possible career choices.

By: Iowa Student Loan

Choosing a College: Consider Costs

Cost of attendance is often the biggest factor in choosing a college, but the affordability of any particular college or university can be difficult to determine. Here are some steps you can take.

1. Know how much your family can pay for college.

The actual amount you can afford to spend may depend on a variety of factors. Be clear and honest about how much parents are able to contribute and the amount the student will be able to earn or save for college.

2. Understand actual cost of attendance numbers.

Colleges provide current cost information for tuition, fees, housing, meals and other expenses on their websites. Look at these numbers carefully to understand how they are determined. Do tuition and fees change based on number of credit hours? Are students living in residence halls required to pay for a more expensive meal plan? Are the average transportation or living expenses high or low for your situation?

3. Gather information about scholarship programs offered by the college.

The school website is also a source of information about eligibility for the different scholarships offered by the school. Check to see if any apply to your situation and whether they are guaranteed for any eligible student or are competitive awards.

4. Research scholarships, grants and other aid recently awarded to similar students by the schools you’re interested in.

Many colleges and universities offer data about the number of students who received aid and how much total aid was awarded through a document called the Common Data Set. To find it, type the name of the institution and “Common Data Set” in your internet search engine.

5. Estimate your family’s costs.

A net cost calculator can help estimate the amount you may be expected to pay at a particular institution. Search online for the name of the school and “net cost calculator” to find that institution’s tool. Some calculators allow you to input your family’s financial and other information to estimate available scholarships and aid; others are less robust and will provide a more general estimate of net cost. Certain factors, like a family business, may affect the accuracy of net cost calculators.

6. Determine a realistic timeline.

The amount of time it takes the average student to graduate may vary depending on the school, specific program and other factors. The graduation rates provided on the school’s Common Data Set may help you determine a realistic timeline.

7. Compare a reasonable estimate of the actual cost for a total college career to the amount you can afford to pay.

This information will help you decide if a college is affordable to your family. Remember, this is only an estimate, and you may be able to work with the financial aid office, increase earnings, reduce expenses or find additional funding to make a college choice more affordable.

By: Iowa Student Loan

Easy Ways to Save Money Over Winter Break

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As you finish up finals and prepare for a nice long winter break, think about how you can save money over the holidays. These easy tips can help you avoid extra charges next year.

To Do Before You Go

1. Plan a cheaper way home (and back)

If you live several hours from college, consider these ways to save money on transportation.

Carpool. Seek out students from your hometown or a nearby area and share a ride. To find someone heading in the same direction, look at sites like Ride-Share.com. For a fair split of the costs, check out apps and online carpool cost calculators.

Ride the bus, train or plane. Check out Megabus for regional bus travel or Greyhound for long-distance bus trips. Amtrak offers student discounts on train travel, and StudentUniverse advertises low plane fares for students.

2. Go green to save green

Save money on your off-campus utility expenses by reducing the amount you’re billed for while you’re away from college.

Dial back. If you have your thermostat set for toasty temps but your rented apartment or house will be empty over the long break, turn it down to save on utility bills. Just make sure you keep it warm enough—about 50 or 55 degrees—to prevent frozen pipes or other damage.

Unplug. Docking stations, computers, TVs and other items use standby power when they’re idle. Unplugging what you can will save some money on your electric bill and help prevent problems from a power surge.

3. Winterize your ride

Do what you can to avoid the costs—and other complications—that stem from being stranded or in an accident.

Give your car the once-over. Check your battery, wiper and other fluids, wiper blades, heating and defrosting systems and brakes. Also check your oil and, if needed, get an oil change. Plan to always have at least a few gallons in the gas tank while temperatures are near or below freezing. Finally, make sure your tires are not too worn to be safe and consider snow tires if you will be driving in winter conditions.

Prepare for trouble. Make sure you have what you need if you do have a car emergency. Check your spare tire, jack, jumper cables and tow rope. Add winter supplies like sand or kitty litter for traction if you get stuck, antifreeze for gas lines and windshields, a small shovel and a snow brush with an ice scraper. Bottled water, nonperishable snacks, blankets, chemical hand warmers and a battery pack for your phone are also good ideas. While driving long distances, stop often for gas in case you need to run the engine to stay warm. (Always make sure the tailpipe is not blocked and no fuel is leaking before running a stranded car’s engine.)

To Do Over Break

1. Get a checkup (or a few)

Schedule appointments for dental, eye and general health checks, as well as any follow ups you need with specialists. Maintaining your health can help you avoid more costly episodes later, and many insurance providers offer a discount for annual exams. While you’re there, ask your doctors about any alternatives or generics that can save you money on prescriptions and supplies.

2. Use your student ID

You might be in the habit of asking for student discounts around campus, but your hometown retailers, restaurants and other venues may also offer savings if you show your student ID. Many online providers also offer special pricing for students.

3. Gift from the heart

If you’re planning to exchange gifts with old friends or family over the holidays, think about homemade (and heartfelt) gifts that cost less. Simple sewing projects, photo gifts, baked goods or crafty arrangements will be appreciated by all. Alternatively, suggest a group outing where you can split admission fees and costs instead of exchanging presents.

By: Iowa Student Loan

15 Ideas for Making Money During Winter Break

Depending on your school’s calendar, you may have from two to four weeks away from school with little or no academic commitments, which leaves you plenty of time to earn extra cash which could be used to reduce your need for student loans or allow you to pay interest on current student loans to reduce your balance.MoneyOverWinterBreak-infographic

Download a PDF of this infographic

Here are 15 ways you can make money over your break.

1. Find a paid internship

Make money and gain valuable experience at the same time. Check with your campus career services office for available opportunities near campus, or contact companies in your field close to home.

2. Apply for scholarships

Spend several hours researching and applying for the scholarships you were too busy to look at during the academic session.

3. Work retail

Many retailers take on seasonal staff to help with the preholiday rush, post-holiday sales and gift returns.

4. Turn your existing part-time job or internship into a full-time position

Your employer may jump at the chance to give you more hours to offset other employees’ vacation time or to help handle year-end projects.

5. Babysit for busy parents

Besides the extra commitment of holiday parties and travel, many parents also seek temporary, full-time sitters for school-age children at home during winter break.

6. Take care of Fido (and Bessie)

Pet owners who will be away for an extended period of time may prefer to have a responsible person come in to feed, exercise and clean up after their furry friends. If you live in or near a rural area, don’t forget that farmers often need someone to take care of their stock every day. Advertise early to line up several commitments over break.

7. Be a house-sitter

Homeowners will often pay a responsible person to stay in their home, water plants, set out garbage and take care of other tasks while they are away for a long trip.

8. Sell your stuff

While you’re at home over break, take the opportunity to go through clothes, electronics, books and other belongings you no longer need. You can take them to consignment shops or sell them yourself online.

9. Be the designated driver

With holiday parties in full swing, more and more people turn to Uber and other driving services.

10. Promotional campaigns

Offer your tech and social media savvy to businesses who want to promote products or holiday sales. A few hours of your time can be worth a lot of money to business owners who don’t have the time or knowledge to set up their own campaigns.

11. Put your creations up for sale

If you’re artistic or crafty, a little time designing holiday cards, decorations or gifts can pay off when you sell them online or at flea markets.

12. Fill in on or near campus

It may sound strange to spend your break on campus, but if you have a place to stay, you may be able to find a temporary position taking shifts for other students who’ve gone home. The bookstore, area shops and campus offices may need help preparing for the spring semester while some of their regular staff is out.

13. Teach a class

Work with local gyms, libraries and shops to set up special classes in something you know well and can teach others — a great workout for sedentary office workers, a how-to for smartphones or apps, creative cooking for the budget-conscious.

14. Do the legwork

Do any local businesses need help distributing fliers or making holiday deliveries? While you’re doing your own holiday shopping, keep an eye out for an opportunity to offer your services.

15. Take care of not-so-odd jobs

Advertise your availability to run errands, wrap gifts, hang holiday lights and shovel snow.

 By: Iowa Student Loan

Is Community College the Right Place to Start?

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Many students choose to start their college careers at a two-year community college. Is it right for you or your student? Compare options below.

Two-Year Community College Four-Year College or University
Annual in-state tuition and fees*

Costs are typically lower at two-year colleges.

$3,000–$5,000

• National average: $3,347
• Iowa average: $4,541

$7,000–$32,000

• National average (public four-year): $9,139
• Iowa average (public four-year): $7,857
• National average (private four-year): $31,231
• Iowa average (private four-year): $29,650

Annual room and board*

Many students at two-year colleges choose to live at home and commute.

$0–$8,000

• National average: $7,705
• Midwest average: $6,486

$9,000–$12,000

• National average (public four-year): $9,804
• Midwest average (public four-year): $8,968
• National average (private four-year): $11,188
• Midwest average (private four-year): $9,691

Type of degree

If you plan to transfer from a two-year college to a four-year institution, you should first check how and if specific credits will transfer.

• Associate degrees and certifications for trade-related careers
• Transferrable general education requirements
• Bachelor
• Post-graduate degrees
Hands-on experience • Close association with area industries
• Often offer local apprenticeships and internships
• Can be limited for undergraduate students
• Opportunities for local, national and international internship, cooperative education and study-abroad programs
Campus experience • Traditional to commuter campus
• More limited campus activities
• Traditional
• Extensive campus activities and clubs
Confidence in major or career choice • Little opportunity to explore variety of majors
• Opportunity to achieve a two-year degree, work and then re-evaluate
• More opportunity to explore before declaring a major
• Changing majors and five- or six-year graduation rates are common
Classroom instruction • Career professionals
• Nontenured instructors
• Tenured professors
• Nontenured professors
• Other instructors
• Graduate students
Admission requirements • High school graduate
• Placement test may be required
• ACT or SAT may be required for specific degrees
• High school graduate
• ACT or SAT usually required
• Minimum high school grade point average
• Essay, interview or other requirement may be needed
Schedule flexibility

Do you need to work around a work or family schedule?

• Daytime and evening classes
• Some weekend classes
• Online classes
• Mostly daytime classes
• Some evening and online classes

*2014–2015 Trends in College Pricing, College Board

 By: Iowa Student Loan

Scholarship Provides Money for College and Valuable Tips

Registration is now open for a scholarship that offers Iowa high school seniors a chance to receive one of 30 scholarships worth $2,000 for college while learning important financial literacy skills. In addition, each recipient’s high school will receive a corresponding $250 award.

Register Now

Senior Scholarship Details

High school seniors may register for the Iowa Financial Know-How Challenge: Senior Scholarship at www.IowaStudentLoan.org/SeniorScholarship between now and Feb. 22. Iowa Student Loan® will award $2,000 scholarships to 30 students who complete two online financial literacy tutorials and score highest on a related assessment. Registered students also receive emails highlighting financial literacy tips, such as the importance of early career and college planning and ways to reduce student loan indebtedness.

After registering for the scholarship, students receive emailed instructions for completing the three required online components. The two tutorials — Student Loan Game Plan and the ROCI Reality Check — were developed by Iowa Student Loan to help students understand the consequences of college borrowing and discover how to maximize their return on college investment, or ROCI.

A related multiple choice assessment will check students’ understanding of the concepts in the tutorials. The 30 high school seniors who score highest on the assessment test will each receive a $2,000 scholarship that will be sent directly to their colleges in fall 2019. If top-scoring students tie, those students will be asked to complete a separate component so that 30 final recipients can be determined.

Each scholarship recipient’s high school will also receive a corresponding $250 award to be used toward scholarship and financial literacy programs.

The Iowa Financial Know-How Challenge: Senior Scholarship is open to legal U.S. citizens who are seniors at an Iowa high school during the 2018–2019 school year and attend college in fall 2019. It is a no-purchase-required program, and full rules and details are available at www.IowaStudentLoan.org/SeniorScholarship.

Register Now

Additional Resources Available

Iowa Student Loan also has additional resources for families planning for college and for students who intend to pursue advanced degrees. The Parent Handbook consists of valuable tips to help families of students in sixth through 12th grades prepare for success in college and other postsecondary options. The Grad Degree Gauge encourages students to make informed decisions about borrowing levels and their ability to repay new student loan debt when considering the pursuit of an advanced degree. Both tools are available free at www.IowaStudentLoan.org/SmartBorrowing.

By: Iowa Student Loan

4 Tips for Scholarships

Scholarships are a great way to help you pay for college, so that you can keep your potential debt down when you graduate. Start with these four scholarship tips.

Scholarship Tip: Start Your Search Online

There are many scholarships available, and the Internet is a great place to start your search both locally and nationally.

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Scholarship Tip: Help Pay for Graduate School

Your scholarship search should not stop after you graduate with your bachelor’s degree. Many opportunities exist for students continuing their studies.

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Scholarship Tip: Nail Your Application

While you may be ready to write a scholarship essay, make sure you don’t miss small details that may or may not make you ineligible.

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Scholarship Tip: Essay Writing

If you’re applying for scholarships, you will undoubtedly have to write some essays. Take your time and do it right to help improve your chances.

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By: Iowa Student Loan

Scholarship Tips for Parents

Many families find they need additional funds to pay for college. Especially if your family does not qualify for a lot of need-based financial aid, merit-based scholarships can help fill the gap.

While your student will be the one qualifying for scholarships, filling out applications and writing essays, parents can assist in several ways. Here are some steps you can take.

Encourage your child to participate in appealing extracurricular activities. 

Many scholarship committees are looking for well-rounded applicants who have accomplishments, leadership and involvement outside the classroom. Extracurriculars can include school, religious and community groups, volunteer efforts, sports, fine arts, employment and a variety of other activities. The specific activities—or the number or variety of them—should reflect your student’s interests and situation.

Frame the conversation by setting a budget. 

Many teenagers don’t have an accurate idea of how much college costs or how much their families are able or willing to spend on their education. Have an honest conversation about true current and estimated future costs for the types of colleges your student is considering and how much you can contribute. Then, you can discuss ways your student can contribute financially, including through scholarships.

Search early and often. 

Use free online search sites beginning as early as your student’s sophomore year to get an idea of the types of scholarships your student may qualify for. You can gather ideas about test scores, grades, activities or other specific requirements that your student may be approaching or considering. Your student should continue the search as he or she approaches senior year and throughout college because new opportunities arise at different stages.

Work together to brainstorm scholarship sources. 

Besides online scholarship searches, your family should consider additional sources of scholarships. Employers (yours, your student’s and those of other family members, as well as local employers), churches and nonprofit organizations, community and civic groups, local companies and high schools all may offer awards in varying amounts and for a variety of qualifications. Encourage your student to apply to both smaller and less selective scholarships as well as any more competitive awards he or she may qualify for. Don’t forget to investigate scholarships offered by the colleges and academic departments your child is considering; these are often the largest awards.

Set aside a specific time to devote to scholarships.

As their senior year becomes more hectic with college applications, classwork and other activities, students may struggle to find the time to devote to a quality application. Help your child by designating a specific time to search for scholarships and manage applications and essays. The schedule may change in frequency as your student nears deadlines.

Help with ideas, editing and proofreading. 

Help your student come up with ideas for essay responses that fit the prompt while conveying what’s most important to your child. You may recall events or activities from earlier in high school that your student has now forgotten or considers unimportant. You can also provide a fresh eye to catch errors and other problems with essays and applications. Just remember that scholarship committees are used to reading student work and will recognize an overly involved parental hand.

Consider financial aid consequences. 

If your student will be eligible for need-based aid, like grants or work-study, investigate how each college treats merit awards. Some colleges will offset need-based aid with any outside scholarships; others allow a student to “stack” awards to maximize aid. If this information is not readily available in the financial aid, costs or admissions pages of the college website, contact the admissions office directly for details.

Recognize the accomplishment. 

If your child earns one or more large scholarships or many smaller ones, your family may be able to significantly reduce the amount spent on college. You may want to reward your student by matching a portion of the earnings. The match money could be designated for books or other expenses not covered by the awards or you may leave its disposal up to your student. Regardless of the final outcome, remember that your student has put at least some and possibly a great deal of time and effort into the scholarship process. Recognize that with sincere words, a tangible reward or other gesture.

By: Iowa Student Loan

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