ERIC Number: ED249912
Record Type: Non-Journal
Publication Date: 1984-Oct
Reference Count: N/A
Undergraduate Financial Planning and Debt Management Brochure.
Information on managing debts acquired by St. John's University undergraduate students is provided. The cost of education for an undergraduate student includes tuition, fees, books, home maintenance, personal expenses, and transportation. Student budgets for 1984-1985 and 1985-1986 (estimated) are provided by students' dependency status (dependent 9 months, 9-month residency/dependent, and 12-month residency/independent). Financial counseling services offered to first-year students, second- and third-year students, and fourth- and fifth-year students are described. Kinds of investments that students might make with part of their income are identified. Information is provided on 1983-1984 loan indebtedness for St. John's students and acceptable levels of indebtedness, based on entry-level salary levels for over 80 professions. Additional data are presented on: the average cumulative levels of indebtedness of St. John's University graduates in 1983; living expenses (e.g., transportation, rent); student loan repayment for different interest rates; and taxes students will have to pay. Sample budgets for undergraduates are provided that cover: living at home/no car, living in own apartment/no car, living at home/used car, and living at home/new car. Agendas of seminars on financial planning and debt management are appended. (SW)
Publication Type: Guides - Non-Classroom; Numerical/Quantitative Data
Education Level: N/A
Audience: Administrators; Students; Counselors; Practitioners
Authoring Institution: Saint John's Univ., Jamaica, NY.