Education/ Educación
Budgeting for College Some Easy Tips ollege marks a significant C transition period for many young adults — it’s a time of
DEDICATED YOUNG LEADERS: The awesome brothers of Sigma Lambda Beta took time to pose for LLM after their awards banquet. The primary purpose of ΣΛΒ is to promote Latino culture as well as standards of excellence in morality, ethics, and education. They are extremely involved in Lubbock. Thank you to the wonderful men from Latino Lubbock Magazine!
CESAR CHAVEZ DAY OF SERVICE: Members of the Hispanic Student Society joined Los Hermanos Familia and the Volunteer Center of Lubbock on the inaugural Cesar Chavez Day of Service. They were among many groups who participated in the march and the clean up event at Buddy Holly Lake. This will become an annual event in collaboration with the Volunteer Center of Lubbock.
Calling Class of 2022
JUNE GRAD ISSUE Submit grad photo along with grad’s name and high school. College grads include name, college, major, and degree. Submit by May 18th, FREE. After the 19th, cost is $25. (No CELL PHONE PHOTOS). Submit online at: www.latinolubbock.net/submit-graduate-info
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newfound freedom and the financial responsibilities that come with it. Whether your funds come from family, student loans, scholarships or your own wallet, you’ll need to budget for expenses like textbooks, housing and, yes, a social life. Knowing who’s footing the bill, what costs to expect and which ones you can live without — ideally before school starts — can reduce stress and help you form healthy financial habits for the future. Have the money talk. Before you build a budget, go over some important details with the people — parents, guardians or a partner — who will be involved in financing your education. Discussing your situation together will ensure everyone is in the loop and understands expectations. “One of the biggest obstacles we have [with] teaching young people financial literacy and financial skills is not making money and expenses a taboo subject,” says Catie Hogan, founder of Hogan Financial Planning LLC. “Open lines of communication are far and away the most important tool, just so everyone’s on the same page as far as what things are going to cost and how everybody can keep some money in their pocket.” Here are some topics to start with: Who is paying for college and how. Have a conversation before the start of each school year to decide if your family will pay for costs out-of-pocket or if you’ll need to get a job, rely on financial aid, use funds from a 529 plan or combine these options. What expenses to expect. In addition to tuition, you’ll have to budget for other college costs, like transportation and school supplies. Make a list of likely expenses, estimate the cost and
agree who pays for what. (See more on expenses below.) FAFSA and taxes. Whether a parent or guardian claims you as a dependent or you file taxes on your own determines whose information is required to fill out the Free Application for Federal Student Aid, or FAFSA, and who can claim tax credits and deductions. Discuss your financial status before each school year and address any changes, like a raise or job loss. Credit cards and bank accounts. If you’re considering opening a credit cardaccount for the first time, are younger than 21 and don’t work full time, you’ll need a cosigner: a parent or other adult. You’ll want to talk about ground rules, like only using a credit card for emergencies and defining what constitutes an emergency. Approach new financial products with caution and be careful not to take on debt. If you plan to directly deposit funds from a job or allowance, look for a checking account that offers low (or no) fees. Anticipate your expenses To determine what you’ll spend each term, keep these college-related expenses on your radar: Textbooks and school supplies. Course materials could eat up a large chunk of your budget. The average estimated cost of books and supplies for in-state students living on campus at public fouryear institutions in 2019-2020 was $1,750, according to the College Board. Also plan for purchases like notebooks, a laptop, a printer and a backpack, and read the do’s and don’ts of back-toschool shopping for money-saving tips. Room and board. When it comes to food and living arrangements, weigh your options. Compare the cost of living on campus and getting a meal plan versus renting an apartment and shopping for groceries.
Education & Scholarship Updates KNIGHTS OF COLUMBUS 11807 SCHOLARSHIP (10) $1,000 awards for incoming college freshmen to be used for the 2022 school year. Get your scholarship application by calling the church office at (806) 763-0710. The deadline is July 15th. RAIDERS ROJOS TTU COLLEGE GRADUATION CONVOCATION (PENDING COVID) May 12, 2022, 6:30 p.m. McKenzie-Merket Alumni Center, 17th & Boston. Due to limited seating, please keep guests to no more than two. NATIONAL STUDENT NURSES' ASSOCIATION, Inc. (NSNA) Breakthrough To Nursing Scholarships For Ethnic Apply online at www.nsna.org SCHOLARSHIP INFO ONLINE Fastweb.com - This website claims to be the most complete source of local, national, and college-specific scholarships on the net. It lists thousands of scholarships. When you sign up, you can get email updates when new scholarships become available. Good and free resource. COLLEGE BOARD Fund Finder is an online tool to help you locate scholarships, internships, grants, and loans that match your education level, talents, and background. Apply online at: bigfuture.collegeboard.org/scholarship-search COLLEGENET A convenient, speedy site which searches scholarships from categories such as ACT and SAT scores, GPA, etc. Apply online at: www.collegenet. com CONGRESSIONAL HISPANIC CAUCUS INSTITUTE SCHOLARSHIP PROGRAM www.chci.org/ scholarships/page/chci-scholarship-program AAUW SCHOLARSHIP The Association of University Women Educational Foundation Apply at www.aauw.org ADELANTE SCHOLARSHIPS www.adelantefund.org/#!scholarships/crij HISPANIC SCHOLARSHIP CONSORTIUM www.hispanicscholar.org/#!apply/c17ip LA UNIDAD LATINA FOUNDATION SCHOLARSHIP www.lulf.org/apply/ $30K MASTER’S-LEVEL, GLOBAL SCHOLARSHIPS through The Rotary Foundation. Scholarships will be awarded to fund post-baccalaureate study at an accredited university located outside the United States & its territories. Apply online at www.Rotary.org/en/grants BUICK ACHIEVERS SCHOLARSHIP PROGRAM Buick Achievers for Engineering/Technology or select Design and Business-related programs of study Apply online at www.buickachievers.com
Latino Lubbock Magazine Proudly Advocates for Education/La revista latina Lubbock aboga por la educación
