Student Loans

The Realities of Paying Off Student Loans

California / Nevada Credit Union League

CONSIDER THIS: College graduates are finishing school with high hopes, bright futures—and decades’ worth of student debt.

Student Loan Hero estimates the average 2016 college graduate has $37,172 in student loans. All that money can take a decade or more to pay off. The Consumer Finance Protection Bureau considers a standard payment term on a student loan to be about 10 years, although borrowers with more than $30,000 in federal student debt could be eligible for payment plans up to 25 years. A Pew Research Center survey found 16 percent of adults report having outstanding student loan debt left over from funding their own education. Of those respondents, 22 percent are between the ages of 30 and 44. Another 7 percent are ages 45 to 59. Overall, Americans owe more than $1.48 trillion in student loan debt, according to Student Loan Hero.

3/20/18
Saving in Piggy Bank

Entrepreneurial Education for Our Youth

Michelle Hale
Greater Nevada Credit Union

Basic money management skills are crucial to daily success but financial education isn’t commonly offered in schools. To help bridge the gap, Greater Nevada partners with organizations like EverFi, Balance, and the Richard Myles Johnson Foundation. Together with Greater Nevada Credit Union, these organizations provide financial education to students of all ages from elementary school to college.

2/26/18
Supporting Image for 5 Post College Graduation Tips

5 Post College Graduation Tips

Bennett Queen
Greater Nevada Credit Union
College graduation is one of the most anticipated days that students will experience. However, once the idea of “adulting” and living in the real world starts to hit, many graduates get anxious about the pressure of paving their own way through life. If you’re in the “adulting” stage, here are five tips to make things a little easier.
 
06/02/2017
Supporting Image for Five Tips to Help You Land Your First Professional Job

Five Tips to Help You Land Your First Professional Job

Bennett Queen with help from Jaime Guerard
Greater Nevada Credit Union
Landing your first job out of college can be a long and anxious process. We enlisted the help of GNCU’s Recruitment Specialist, Jaime Guerard, to help make it a little easier for you. Here are five tips to help you land that job.
05/24/17
Supporting Image for Managing Money Wisely

National Credit Union Youth Month: Managing Money Wisely

Bennett Queen
Greater Nevada Credit Union
When did you first learn about money? Many people are taught the value of a dollar at a young age, and that then shapes the way they spend money the rest of their lives. April is National Credit Union Youth Month, and across the nation credit unions are promoting the importance of teaching youth ways to earn, spend, save, and manage money wisely. These lessons are important for kids and even a good reminder for adults, since these principles often aren’t taught in school. Below is an overview of how you can instill good money habits in your kids, no matter what age.
04/20/17
Supporting Image for Greater Nevada Supports Student Success

Greater Nevada Supports Student Success

Brittany Flores
Member Service Representative
Just in case you were wondering, yes! There is a place that you and your student can receive all the resources and information you’ll need to be financially fit and be up to date on how Greater Nevada Credit Union strives to support our students. All from the comfort of your own home!
 
03/31/17
Supporting Image for Take an Affordable Spring Break Trip in Nevada

Take an Affordable Spring Break Trip in Nevada

Bennett Queen
Greater Nevada Credit Union
Sunny days? Higher temperatures? What is this? It almost feels like spring is in the air! Right about now you should be trading in the snow pants and thermals for a light jacket and dare I say,…shorts? 

Spring is one of my favorite seasons, mostly because of the weather but there are some people who enjoy having one or two weeks off (I’m looking at you Nevada students). A lot of working parents also decide to take time off and plan a trip to take advantage of family time, but what if that family trip to Disneyland just isn’t in the budget right now? If you want a more affordable spring break option, we’ve come up with our four favorite spring break destinations that are right in our own backyard.
03/20/17
Supporting image for Back to School Banking 101

Back to School Banking 101

Bennett Queen
Greater Nevada Credit Union

Winter break is almost over and soon many Nevada college students will head back to school for new classes, new teachers, and maybe even a new budget.

College is one of the fastest changing times of our lives and often the first time living away from home. Being on your own can be fun, though it can also lead to more stress if you don’t know how to keep your finances in order while keeping your grades up at the same time. Here are a few tips to help keep you on track.

01/20/2017
Supporting image for Smart Money

Smart Money: Best Moves for 20-Something Investors

NerdWallet

When it comes to investing early in life, you likely have two things on your side: time and flexibility. Although a 2015 survey found that most millennials don't think they'll have enough money saved for retirement, investing is one way to help build wealth for the future. Here are some of the best investments you can make in your 20s.

1/12/17

Preparing for Your Child’s College Education

Kristina Kraus
Greater Nevada Credit Union
It’s no secret that getting a college education isn’t cheap.  According to collegedata.com, the average annual cost for an in-state public school is $24,061, and for a private college the average is $47,831. With ever rising college costs, parents are putting aside money for college even earlier these days. Here are few tips you can use to save and supplement the costs.
9/09/16

What to do if you have student loans.

We Own Our Bank
CONSIDER THIS:  The country’s combined student loan debt load is more than $1.35 trillion. A 2016 college graduate is projected to have $37,000 in student loan debt, according to the Huffington Post. Student loan debt is increasing because government grants and support for postsecondary education have failed to keep pace with increases in college costs. This has shifted much of the burden of paying for college from federal and state governments to families. 
7/29/16

How to Start Establishing Credit: From One Student to Another

Brittany Flores
Greater Nevada Credit Union
Being that I’m the only person in my group of friends that works in banking, I frequently get asked financial advice and recommendations to help with any given situation. I have one friend who is a 21-year-old college student who is relatively new to the work force. He has no credit to his name and had asked me why having credit was so important in the first place.
6/23/16

How to Pick the Right College

Kristina Kraus
Greater Nevada Credit Union
The long nights and numerous hours spent on applying to colleges and trade schools is over. Now acceptance letters are starting to roll in. Whether you’ve been accepted to one or 100 schools make sure you’re picking the right one by considering the following when making your decision.
3/4/16

It’s Never Too Early to Start Saving, Even in Your 20s

Brittany Flores, Member Service Representative
Greater Nevada Credit Union
You’re in your twenties, young and full of energy, ready to take on the world. And probably by now, you’ve even started making a little money for yourself.  And that’s great! But if you’re anything like me, you’re probably thinking, “So... What should I do with it?”
 
Don’t worry. There are tons of people new to the “adult game.” To give you a hand, we’ve listed out a few options so you can decide what best fits your savings lifestyle.
2/26/16

Overcoming Student Loan Debt

Kristina Kraus
Greater Nevada Credit Union
Congratulations! You finally did it. You graduated college and can now start your career and see what excitement the future holds for you. However, if you’re like 70 percent of college graduates, a future of getting married, buying your first home or having kids may be put on hold until student loan debt is dealt with. 

With about 7 out of 10 graduates leaving school with $30,000 in debt, a rich and prosperous future can seem a lifetime away. In order to tackle and overcome your student loans, follow these tips:
6/26/15

Scholarship Myths Busted

Kristina Kraus
Greater Nevada Credit Union
Many students want to further their education, though they think they can’t afford it or that they won’t qualify for a scholarship. Often the thought that you have to be super smart, a great athlete, or one of many other myths, makes people give up from the start.

The reality about scholarships is that there’s plenty of money to go around. According to the Debt.org, $46 billion in scholarship money and grants is awarded each year by the Department of Education and another $35 million is available through private companies. With that much being awarded each year, there’s a good chance you can get a piece of it.

Let’s take a look at some of the most common scholarship myths and how you can bust them.
3/30/15

College Scholarships You Never Knew Existed

Kate Robinson
Greater Nevada Credit Union
When it comes to saving for college, scholarships are where it’s at. Some scholarships are significant (like a full-ride academic scholarship for being an amazing LaCrosse player or something) and others are less substantial, but as any parent paying for college will tell you, every little bit helps. With the rising cost of education, it’s a good idea to know about all the resources out there willing to fork over a few dollars to help you out.
08/08/2014

10 Ways to Sabotage Your Job Interview

We’ve got good news and bad news. The good news is that Nevada unemployment rates have reached a 3-year low, according to the Bureau of Labor and Statistics, who made this cool graph to prove it.

08/07/2013