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The Department of Education Changed the rules for student loan forgiveness

 The Department of Education has "silently" changed the rules to student loan forgiveness that will affect at least 800,000 borrowers. On September 29, 2022 the Department of Education made a few changes for those who obtained the Perkin's and Federal Family Education loan.  Here is the language directly from the Dept of Education "As of September 29, 2022 borrowers with federal student loans not held by ED cannot obtain one time debt relief by consolidating those loans into direct loans". Previously individuals who did obtain theses loans were able to receive loan forgiveness. Figure 1: This is a thumbnail of my latest YouTube video "Student loan forgiveness guidelines have changed" where I am sitting in my office while looking at the camera with a suspicious look.  Many speculate that potential lawsuits could be the reason why the Dept of Ed has changed it's language recently. Long story short the banks who insured these loans will not receive an

Maximizing your Summer as a College Student

 With last week being finals week at the university I work at the summer has officially started for students! The summer is a great time to re-charge and get ahead on your goals especially if you aren’t taking summer courses. This last week on my YouTube channel I talked about how students can make the best out of their summer. 


Figure 1: This is a thumbnail from my YouTube channel on Maximizing your Summer as a College Student. 

First things first if you don't already have a job look into getting a summer job to stack some cash for the upcoming year. A summer job doesn't have to be within your planned field of study your just trying to secure some extra cash! The summer is a great time to work increased hours so you can hit some of those financial goals that you've been waiting on. Next look into studying abroad. With COVID restrictions being rolled back many countries are now opening back up for tourists. Studying abroad would give you a rich cultural experience to add to your resume while opening your eyes to other possible opportunities that you may interested in. 

Figure 2: This is a picture of a globe. 


Now is also the time to apply for scholarships and make sure that all your paperwork is in for the upcoming fall semester. Many times students wait until the week of courses to start to collect financial aid documents when they could have done this months ago. Fall scholarship opportunities are posted over the summer and many students bypass them leaving lot's of free money on the table! Don't let this be you! Take care of business now while you aren't so busy! 



Figure 3: This is stack of one hundred dollar bills. 



Lastly, take the time to build your resume with specific job experience that matches your career goals. Many students leave college without any work experience which can be harmful when looking for a job upon graduation. Now is the time to look into internships or volunteering within your field. Don't get hung up on if the opportunity is paid because many times they won't. You are looking for targeted experience which will assist you in securing the paid position you want one day! Be sure to check out the video below for more information and be sure to listen for my SPECIAL announcement. Hint hint I'm releasing a special something on next Wednesday. 

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