Tag Archives: money

Notes From the 6 Train: Let’s Go!

887062_4549452582846_1740443383_o (At my birthday party in South Korea)

This past Wednedsay I went (by went, I mean was obligated to attend, lol) to International Night hosted by the Presidental’s Honor’s Program. Buuut, I am so glad that I did! I learned about a number of interesting programs/ opportunities possible for FIT Students.

At the colloquium we heard from a number of scholars who studied abroad within the last school year (winter, summer, as well as the traditional school year). One of which was a fellow FIT blogger Emily (shout out!). We heard their travel stories and saw their beautiful photos from Paris, India, Florence, Italy, in addition to a host of other countries.A topic that was discussed in great detail, and rightly so, was how to fund a trip abroad. I find this to be student’s primary obstacle in regards to studying abroad, so I’m glad it was covered so thoroughly.

tumblr_mkry8giBdC1s6wt51o2_1280 ( Walking to the Buddha)

Funding for study abroad is the same as studying domestically (financial aid, PELL grant, out of school grants or loans), but there are also a number of scholarship offered only for studying abroad. The scholarships to study abroad at FIT are listed below:

Global Scholar Award Program, the amount varies depending on the semester you plan to travel, NY residency, etc. (Summer 2015, Fall 2015 and Spring 2016). The deadline is Dec. 1

If you are/ are considering in the Presidental Scholar’s Program you are eligable for the scholarhsips listed below:

Jerome L. Greene Foundation International Studies Fund (up to $10,000)

Jodi Tilton Memorial Scholarship for Summer Study Abroad ($2000)

Henry Wolf Presidential Scholars Summer Abroad Scholarship (up to $5000).

These are in addition to the annual FIT scholarships and can also be applied to study abroad. This also does not mean that your search for funding stops here, there are countless scholarships offered outside of FIT.

In addition to studying abroad, representative from The Peace Corps & The Fulbright Program came to speak.

The Peace Corps is an organization that sends volunteers to travel overseas to make differences in the lives of real people. They program was established by President John F. Kennedy in 1961. Sine the creation of the program over 215,000 Americans joined the Peace Corps and served in 139 countries.

tumblr_mkry8giBdC1s6wt51o5_500 (!)

“The Fulbright U.S. Student Program provides grants for individually designed study/research projects or for English Teaching Assistant Programs. A candidate will submit a Statement of Grant Purpose defining activities to take place during one academic year in a participating country outside the U.S.”

There are two different components of Fulbright. Anyone who chooses to apply can submit an application for the study/research grants or to teach English abroad. This program is interesting to me personally because it gives more freedom to the applicant. As long as your study/ research programs fits into certain parimeters, you can actualize your vision in a foregin country. Nearly anyone can apply; college graduates, artists, writers, scientists, etc., basically anyone with an imagination and drive.

There are so many ways to get out and explore the world! As an avid traveler myself, I know life altering traveling can be. With so many opportunities, there’s no reason you shouldn’t take advantage!

(FIT Study Abroad Scholarships) http://www.fitnyc.edu/12226.asp

(Peace Corps) http://www.peacecorps.gov/about/

(Fulbright Program) http://us.fulbrightonline.org/about

All things Color, Love, & Fashion,
Ayanna L.

Money on My Mind

Hi there,

Since we are approaching our fall tuition deadline I decided to write (more like copy some info from the FIT website, which lets face it, students barely read) a post about the payment options and resources FIT offers. For those of you who JUST realized the deadline is coming up soon and have no idea when that is I’m here to save your day, and your wallet (you can thank me later).

Payment Due Dates:

  1. Degree Students: Fall Semester is due August  4, 2014 or at time of registration after August  4, 2014.
  2. Non-degree Students in credit-bearing courses: Fall Semester is due August  4, 2014 or at time of registration after August  4, 2014.
  3. Non-degree Students in non-credit bearing courses: You must pay all tuition and fees in full at time of registration for all semester.

For those of you who are new to the system or are not sure how to pay FIT allows you to pay your bill online (which I prefer because it is easy, convenient and paperless aka GREEN), by wire transfer, by mail, or in person. Our online system is on the Student Tab of MyFIT under Online Resources: Pay Student Account & View E-Bill. This link leads you to our Bill+Payment Suite that have the following services:

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  • convenient, secure online billing, statements, and payments
  • monthly payment plans
  • e-refund program that directly deposits refunds to your checking or savings account (this is pretty amazing specially when it’s unexpected!)
  • text messages alerting you to payment due dates (if you rarely check your account or email)Screen Shot 2014-07-22 at 5.41.17 PM
  • third party payment, which allows parents to receive emails for payment due dates and access to student accounts (my mom has access but she conveniently always forgets the password and makes me be on top of my game, haha she calls it grown up responsibilities).

If you have any further questions and are in NYC you can go directly to The Bursar’s Office on campus: Business and Liberal Arts Center, Room # 127 or if you are far away like me you can email them at bursarhelp@fitnyc.edu.

An investment in knowledge pays the best interest. –Benjamin Franklin

http://i2.kym-cdn.com/photos/images/facebook/000/264/200/acb.jpg

Carpe diem,

Sadie

The easy way to pay for next semester

It’s that time of year everyone, money is almost due again! For me this is ALWAYS the most stressful part of school. To be very honest this is the time where I cry, mostly because I’m not sure if I will be able to go back to school  if I don’t get the money. Personally it is very hard for me because for one I can’t get loans, my parents cant cosign for me and I cant get them on my own because I don’t have enough credit built by myself yet. I also don’t get any aid because my parents make a decent amount ( but that doesn’t mean I can afford to pay for school every semester).

So for the past few semesters I literally work myself to the bone to get as much money as I can until the money is due then my parents do the same. But last semester I was really short, so I applied to every loan I could, no one could give me one. Until I went to the credit union, almost every state has them and they are more then willing to give you the money you need. There’s a few things you’ll need

1. direct deposit from you or someone in your family where they can take out only $40 a  month, towards your loan.( varies in each state)

2.  Your ID, Social Security card, ect.

3. A statement printed showing how much you need for school.

4. $50.00 to start a savings account with them.

5. A pay stub , showing how much you make.

Simple things that mostly everyone has, the credit union saved my college career. The day I went in I was crying saying how much I needed the money, they were my last chance at staying in school, how I feel like I work as hard as I can and I cant afford it. The lady just hugged me asked me how much I needed and the next day the check was in my hands on the way to school. When I asked her why it was so easy compared to everywhere else her response was, ” were here to help the people that really deserve it, that we know will pay it back, we don’t actually know but we take a chance on people. You have no idea how happy it makes us to keep peoples lives normal”. I honestly couldn’t be more grateful for them and my parents for helping make my dreams come true!

So when your about to give up just keep pushing through, remember the credit union and remember I did it so you can too. Also if you ever have trouble paying for school you can call FIT directly and they will point you in the right direction for your situation. Your not alone, so many people have this problem, FIT wont leave you behind, we promise!

Keep pushing through – Kailee

Notes From the 6 Train: Money Talks

 

 

 

 

 

 

 

 

 

 

So, I know that fiscal responsibility isn’t the most fashionable topic, but you know what’s even less alluring? Mounds and mounds of debts. That’s what. It’s really difficult to shop when you have no money. I am no financial coach by any means; I am still figuring things myself but I wanted to share what I’ve learned thus far. While experiencing this academic journey, I’ve stumbled upon little nuggets of knowledge.

I have a mental book consisting of nothing but the innumerable qualms about our unfair and broken education system and its affects on our entire society, but that’s another post for another blog, I suppose. So, instead I shall talk about reality as opposed to theories. Unfortunately, I’ve become way too familiar with Sallie Mae and have my fair share of loans. As many out of state students, it’s a nearly inescapable reality. Personally, I’m not worried about my ability to repay them, despite the current job market, especially for college graduates. One of my many life mantras is that I live in a world of abundance. I am never in need of anything, for everything I could ever need is already provided for me, it’s just my job to get it ( I actually have this set as a reminder of my phone everyday, so that I never forget). If you believe that you are meant to live a life of scarcity, in regards of love, joy, financial stability, etc., then you will always struggle. I know some pessimists think that this is a naive or sophomoric way to live life, but I see this adage constantly ringing true. It’s a life truth for mine.

With that being said, I acknowledge that I must take actions in order for this abundance to sustain throughout my life. So, I have created a very small list of financial options for college students.

1. Only take out as much money as you need. Large refund checks are nice, but I I don’t think people realize that at some point this money has to be paid back.

2. Consider to start  paying interest on loans, (particularly for unsubsidized loans, where the government does not pay for the interest while you’re in school). I pay just $50 a month, which isn’t a whole lot, but it does make a difference because a few hundred dollars can quickly become a thousands with accumulating interest.

3. Use free resources offered! FIT literally has one of the most comprehensive financial literacy programs I know of. As a new student, you’re obligated to attend certain programs about spending and money, and if you’re taking out loans, you have to attend another seminar. I know it sounds really boring, but I was thankful that it was mandatory. The school I transferred from did not have such programs, and I wish they would have, because I feel a bit more informed about what’s really happening with my loans.

-FIT students are automatically enrolled in this website called SALT that has a number of helpful articles, options, discussions, etc. about loans and money management while in school AND once you’re a member, you have the ability to contact the organization if you have any questions about your financial well-being for the rest of your life.

- There are financial advisers at FIT whose sole job is to help students solve any problems, or answer questions.

4. Last, but not least, manage your money. Or at least try, as people leaving adolescencehood (another word I’ve created) and becoming “adults,” there’s a certain amount of responsibility one has to take. I’m not advising to not spend money, you would miss out on so many great opportunities, because lots of things of value, cost money. However, just because you spend money on it, doesn’t make it of great value. Prioritize, if you want to go to Italy for a semester abroad, you might want to consider not buying  a completely new wardrobe every time you get paid. Writing your purchases down helps. In fact, you don’t even have to write them down. There are several apps that help you save by showing how much money/ how long/etc, it would cost to buy a certain or reach a certain goal. FIXX by SALT even shows how much you could save if you stopped spending money on things that have nothing to do with your goal, your “fix”, and are in fact hindering you from reaching your goal.

Remember, all you could ever need is already out there for you. It’s your job to just go get it.

As always,

All things Color, Love & Fashion,

Ayanna L.