Abby on Loans

My topic for the first financial project is loans. I do not have much knowledge about loans but i do know some basics. I have a federal subsidized loan right now for my college tuition. This type of loan is interest free until 6 months after I graduate. I am going to make sure to have enough money in savings to pay the balance of the loan within the 6 months after I graduate so I will have no outstanding student loans to pay off. I have all my money in interest earning savings accounts and CD's right now so i can avoid having student loans to pay off in the future. This is only one type of loan and there are several types that can severely hurt your financial status while others can help you. For example I could pay off my school now with out using the subsidized loan but I am keeping my money in interest earning accounts while I can. So I am actually making money in the long run. If my loan was charging interest I would rather pay it off now so I wouldn't be losing out in money. If any of you have other types of loans, or know information or other loans let me know!

Better Late Then Never

So yeah it's late, thats what happens when your computer is from the stone age. BUT since we are talking about financial decisions i am working 2 jobs and going to college so i can save up for a labtop that actually works! It was wonderful meeting everyone the other day and i must say dave and busters is a fun place. I think i ended up with over 2,000 tickets!! Woo Hoo for me :) well hope to hear from everyone soon!
PS. my project is on identity theft so if anyone knows anything or has any personal experiences let me know! :)
<3, Candi

Response to Priscilla's blog

Hi Priscilla,

I enjoyed meeting you at Dave and Buster's. I have a little information I can give you on credit card rates. Credit unions often offer credit cards with much lower rates; for example, a Visa card with a rate of 9.9% as opposed to a Discover card with a rate in the upper teens or so.

My first assignment has to do with credit reports. If you have any information about that, please share with me.

Good job on your first blog!

Gwen

MY FIRST POST!!!

I am soooo syked to be a part of the Generation Y advisory board. My research topic is credit card rates. I am really looking forward to advanceing in my research. If anyone has any information that can help me please feel free to post it. The end!!!

Basketball and Race-Car Champion

Good morning!

I enjoyed meeting everyone at Dave and Buster's on Saturday! I had a great time- and I must say that winning a couple rounds of basketball and car racing didn't hurt!

Who took all my tickets by the way??

Anyway, I look forward to reading your posts and comments in the future. We look forward to an empowering pilot group of GABbers!

Welcome GABbers!!!

Hey GABbers!
Welcome to the charter group of the Generation Y Advisory Board . We are excited to roll out this group for the first time ever at SECU Credit Union. Just think... you will all go down in history as the pilots of this program!

This forum will provide a great way for us to chat and update each other on what we are up to. We want you all to post about your GAB journey. And fellow GABbers would love to hear your feedback on their posts as well (so don't forget to comment!). Remember to check your calendars for details about our work this year!

We'll be doing a lot of fun things in this group; make sure you save all your blogs and other projects to use for your portfolios!

I look forward to working with everyone!

-Dani Thron
Financial Educator, SECU