NOVEMBER 2012
Money Matters
VOLUME #1 ISSUE #1
Loyola University New Orleans is a Catholic institution that emphasizes the
Jesuit tradition of contributing to the liberal education of the whole person.
The university's mission is to search for those students who are not satisfied
with the ordinary, but who thrive on challenge. Our purpose is to provide
quality education for a select group of students.
Learn more about programs and services for
veterans, their spouses and dependents at
http://www.loyno.edu/financialaid/programsveterans-military-service
ADDITIONAL LOYOLA UNIVERSITY NEW
ORLEANS WEBSITES
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Office of Scholarships and Financial
Aid http://www.loyno.edu/financialaid
Student Records –
http://academicaffairs.loyno.edu/recor
ds/
Student Finance (billing office) http://finance.loyno.edu/studentfinance
Academic Resource Center –
http://www.loyno.edu/arc/
Writing Across the Curriculum –
http://www.loyno.edu/wac/
Math Lab http://www.loyno.edu/mathlab/
Women’s Resource Centerhttp://www.loyno.edu/womenscenter/
Career Development Center http://studentaffairs.loyno.edu/careers
Counseling Center http://studentaffairs.loyno.edu/counsel
ing
Staff in the Office of Scholarships and Financial Aid and the Office of
Student Records will be producing this newsletter with the goal of helping
you make wise financial choices while attending Loyola University New
Orleans. We will provide you with links to numerous resources to help you
manage not only your general finances but also helps you understand the
costs involved with borrowing through the federal student loan program or
private loans.
Loyola Commits to Implementing the
“Principles of Excellence”
President Obama signed Executive Order 13607: Establishing Principles
of Excellence for Educational Institutions Serving Service Members,
Veterans, Spouses and Other Family Members on April 27, 2012.
These principles were developed to strengthen oversight, enforcement,
and accountability of education programs, and to ensure our service
members, Veterans, and their families have the information they need to
make informed decisions concerning their well-earned educational
benefits.
•Ten Tips for College Veterans
•Six Tips for Veterans to Succeed in College
•Six Ways to Maximize Your Educational Benefits
Learn more at http://www.blogs.va.gov/VAntage/1420/six-ways-tomaximize-your-education-benefits/
For more information about the Vet
Center in New Orleans, go to
http://www2.va.gov/directory/guide
/facility.asp?ID=5456&dnum=All
&stateid=LA&v=1
LOYOLA UNIVERSITY NEW ORLEANS
6363 St. Charles Ave.
New Orleans, LA. 70119
http://www.loyno.edu/financialaid/programs-veterans-military-service
OCTOBER 2012
Money Matters
Spotlight on Emergency Savings
VOLUME #1 ISSUE #1
MILITARY SAVES, A NON-PROFIT
PARTNER IN THE DEFENSE
By: Katie Bryant, America Saves Communication Manager
Maintaining an emergency savings account may be the most important
difference between those who manage to stay afloat and those who sink
in debt. An emergency savings fund consists of a small amount of
money, usually in a savings or share account, that you do not have easy
access to. Keeping $500 to $1,000 of savings for emergencies can allow
you to easily meet unexpected financial challenges such as:
•
repairing the brakes on your car;
•
covering the dental expense of filling a cavity;
•
paying for a parking ticket; or
•
flying to visit a sick parent.
5 Ways to Save $500 to $1,000 for Emergencies
1.
Save Automatically. Have part of your paycheck
automatically deposited into a savings or share account or
set up regular transfers from your checking to your savings
account.
2.
Save your loose change. Putting aside fifty cents a day
over the course of a year will allow you to save nearly
40% of a $500 emergency fund.
3.
Make your monthly credit card payment on time. The $3035 you save by not being charged a late fee each month on
one card would save you most of the money you need for
$500 in emergency savings.
4.
Save a portion of your tax refund. Use tax form 8888 to
split your return.
5.
Bring lunch to work. If buying lunch at work costs $5, but
making lunch at home costs only $2.50, then in a year, you
could afford to create a $500 emergency fund and still
have money left over.
6.
Where to Keep Emergency Savings
7.
It’s usually best to keep emergency savings in a savings or
share account. These types of accounts allow you to access
to your money when you need it. Keeping your money in
a savings account makes it much less likely that you will
use these savings to pay for everyday, non-emergency
expenses
DEPARTMENT’S FINANCIAL
READINESS CAMPAIGN,
ENCOURAGES SERVICEMEMBERS
AND THEIR FAMILIES TO SAVE
MONEY, PAY DOWN DEBT, AND
BUILD PERSONAL WEALTH.
PERSONAL FINANCIAL MANAGEMENT
(“PFM”) RESOURCES:
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Smart Military Money http://www.veteransunited.com/money/
Consumer Financial Protection Bureau’s
Office of Service Members’ Affairs http://www.consumerfinance.gov/service
members/
Personal Finance for Military Families http://www.bbb.org/us/storage/16/docum
ents/Military_Families_Final.pdf
Tax Information for Members of the
Military http://www.irs.gov/Individuals/Military
MilitarySaves.org
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LOYOLA UNIVERSITY NEW ORLEANS
6363 St. Charles Ave.
New Orleans, LA 70118
http://www.loyno.edu/financialaid/programs-veterans-military-service
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OCTOBER 2012
Money Matters
VOLUME #1 ISSUE #1
“Satisfactory Academic Progress”
Requirements
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LOYOLA UNIVERSITY NEW ORLEANS
6363 St. Charles Ave.
New Orleans, LA 70118
http://www.loyno.edu/financialaid/programs-veterans-military-service
HAVE YOU VISITED THESE WEB
SITES?
The National Resource Directory is a
website for connecting wounded
warriors, Service Members, Veterans,
and their families with those who
support them.
It provides access to services and
resources at the national, state and local
levels to support recovery, rehabilitation
and community reintegration.
eBenefits is a portal; a central location
for Veterans, Service Members, and
their families to research, find, access,
and, in time, manage their benefits and
personal information.
The Veterans Job Bank connects
unemployed veterans to job openings
with companies that want to hire them.
The site is a new, easy to use online
service that enables employers to "tag"
job postings for veterans.
My Next Move (for veterans) - My Next
Move for Veterans is designed for U.S.
veterans who are current job seekers.
The interactive tool helps vets learn
about their career options. The site has
tasks, skills, salary information, job
listings, and more for over 900 different
careers
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Other Resources for Veterans
Louisiana Armed Forces Foundation
(LAFF) was established in 2011 by
veterans and business
professionals who value
Louisiana's Armed Forces
community. Their mission is
simple: LAFF eases the transition
home for Louisiana veterans
returning from war theater
operations who may require
employment or who may wish to
start their own business.
Learn more at
http://www.laarmedforces.org/ho
me.php
Make the Connection
Whether you left the military decades ago or just recently transitioned to
civilian life, Veterans share a common bond of duty, honor, and service.
Some military Veterans served in combat overseas. Others responded to
events or disasters within or outside the United States. Many Veterans
served their country by reporting to a military base for work every day.
No matter when, where, or how you served, and what you’ve
experienced in civilian life, you may be dealing with issues that affect
your well-being or get in the way of your relationships, work, or daily
activities. Every day, Veterans connect with resources and support to
manage the issues they may be facing and find solutions for improving
their lives. Go to http://maketheconnection.net/ and get connected.
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