#UNTAdv14 Reality Check: How Students Academic Choices will Impact Their Future Potential
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Transcript of #UNTAdv14 Reality Check: How Students Academic Choices will Impact Their Future Potential
Reality Check
Show Me The Money!
• Money often drives academic decisions more than we realize. Taking into account each individuals financial priorities and career goals requires a strategic advising approach.
• Reality Check provides students with full knowledge of financial and professional impact of their academic decisions, empowering them to make the best choice for them
Santana
• Currently working as a physical therapy assistant (2 yr. degree)
• Wants to become a physical therapist but would need an advanced degree
• Wants to better understand the cost of becoming a PT
• Needs help understanding available funding options
How can a reality check help Santana realize her dream?
http://www.twu.edu/finaid/estimated-cost-attendance.asp
http://www1.salary.com/Physical-Therapist-salary.html
Chad • Currently an Economics major
• Parents highly encourage going on to law school
• Does not like his major but loves his English minor
• Considering switching to English but is unsure of his future salary and career options
How would you provide Chad with a Reality Check?
http://www.finaid.org/calculators/scripts/sloanadvisor.cgi
Talking about Money
• Money is personal
• What is good for the masses is not what is best for the individual
• Resources for decision making- Reality Check, NACE, payback smarter loan estimator, salary.com
Reality Check: Repaying Student Loans
Based on total loan debt of $27,000 with a salary of $35,000 studentloans.gov Repayment Estimator
Financial Truths
• Lose the take it all mentality
• Understand general loan terms
• Keep on the hunt for scholarships
• Maintain eligibility
• Understand the long term impact of short term decisions
• Financial impact of 2 year institution to 4 year institution
Resources
• Reality Check
• NACE Salary Survey
• Career Center
• What Resources are on your campus?