Sometimes in college it seems like we learn more about how to spend our money than use it wisely. Everything costs money: Meal plans, pricey textbooks, even parking our cars! And then there is the looming expense that we all forget about until after graduation: student loans. Do you have a plan in place for repaying your loans? How about goals for investing, saving, salary and benefits for when you begin your career?
If you don’t have this figured out, don’t stress about it: Take action to educate yourself now. If you’re interested in hearing from the experts on important post-college financial decision-making, check out Money Talks.
Money Talks, sponsored by UNH Health Services, is a series of sessions on important financial topics, designed to help prepare you for life after graduation. The series is geared toward graduating seniors, but any UNH student may attend. One topic will be offered each Thursday in April from 3 – 4 p.m. at Health Services @ HRC. The experts will take your questions at the end of each presentation.
Scott Mazuzan ’06, a financial planner, will kick off the series on April 6 with “Thinking About the Future: Saving & Investing.”
Mazuzan states that he is “looking forward to visiting Durham to speak with students about financial health. I’ll be addressing the big questions: How to save, how to pay down debt and how to juggle it all on a limited budget. On a related note, I’ll talk a bit about the fundamentals of investing and common pitfalls to avoid.”
“It’s good to start thinking about this stuff now,” says wellness educator/counselor Shannon Seiferth, who is organizing the series this year. “What we do early in life can really have a big impact.”
On April 13, Caitlin DeSoye, lecturer in finance at UNH’s Paul College, will be discussing budgeting and protecting your goals after graduation in her presentation, “Your Financial Goals: Budgeting & Insurance.”
Mazuzan returns to campus on April 20 for the third session in the series, “Negotiating Job Offers: Salary & Benefits.” When you receive an offer in your future career, how do you know if what you are getting is fair?
“I think the most important thing for this one is, when you get that offer, what else are you looking for besides that number,” says Seiferth. “It’s knowing what to look for and knowing what is good for benefits.”
Wrapping up the series on April 27, Tori Berube, vice president of college planning and community engagement, will present “It’s Not Free Money: Student Loan Repayment.” Students will gain a better understanding of types of repayment plans, deferment, consolidation and what all of these options mean.
For me, it is easy to forget that I have student loans piling up while I’m in school. I think it’s especially important to have a plan of action for when you get out of school so that interest is not building up years after graduation.
“What are your options, and what do you need to know? Even for the students who aren’t graduating, what does it mean when you’re borrowing the money?” says Seiferth. “If there are things you can be doing now that are going to help in the future, then why not find out?”
Financial wellness is an important part of overall wellness. Money is a major stressor for many college students, and knowing how to responsibly handle money is crucial for success.
“Not everyone associates money with wellness,” says Seiferth. “When one part of our wellness wheel is off, we experience the stress in different areas sometimes.”
Seiferth is a new wellness educator/counselor at Health Services Office of Health Education and Promotion and is excited to be a part of this financial health project. Her main goal with this series is to help set students up for success. “It is so critical for students to start gaining this knowledge,” Seiferth says.
If you have questions about any area of wellness, ou can make an appointment to speak to a wellness educator/counselor here. No registration is necessary to participate in the Money Talks series. If you are looking for financial tips for after graduation, take a step toward financial wellness and consider attending these sessions!