Cultivating Currency: Creating Your Money Landscape


Tuesday, March 11, 2014
noon – 5:00 p.m.
Illini Union

Pre-register for the chance to win prizes!

Keynote address at 1:00 p.m., Illini Union, Rooms B & C
“Starting Small: Preparing for your Financial Future Today”
by Alejo Torres, Senior Outreach Manager for the Federal Reserve Bank of Chicago

The financial decisions you make while in school – at both the undergraduate and graduate level – can impact your future economic and educational opportunities.

Learn how to think smart about your money landscape during this half-day event which includes an information expo, breakout sessions on specific money topics, and keynote address by Alejo Torres.

This event is co-sponsored by the Graduate College and the Office of the Dean of Students, and is funded in part through a grant from the TIAA-CREF and Council of Graduate Schools in partnership with the Provost’s Office, Office of Student Financial Aid, USFSCO Student Money Management Center, and University of Illinois Extension.

This symposium will answer important financial questions asked by
undergraduate and graduate students and is open to the entire campus community.
For more information, please contact the Graduate College at

How can I find employment on campus?

Looking for Jobs on Campus

There are a number of campus job boards available to students looking for employment on campus. Don’t assume that positions only open before the start of the semester – check back for new postings throughout the year.

  • Student Financial Aid Virtual Job Board: This job board is intended to assist University of Illinois students in finding part time employment to help them in meeting their needs while pursuing an education at this University.
  • Assistantship Clearinghouse, Graduate College: The Graduate College Assistantship Clearinghouse lists assistantships that are available to graduate students on the Urbana campus.
  • Research Park Job Board: Employers at the Research park are looking for undergraduate and graduate students to hold internships and part-time employment during the summer and academic year.

Also, reach out to professors and advisors who may have paid research or teaching opportunities. Creativity and initiative can reveal opportunities that you may not have considered!
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What is my credit score? Why is it important? How do I check my credit report?

What is a credit score?

A credit score is typically a three-digit number based on your financial history to analyze and determine your creditworthiness. The higher your score, the better off you are! Credit scores are used by lenders (banks, credit card companies, etc) to gage your financial responsibility based on your past financial behaviors. Credit scores are calculated from information in your credit report. Things that affect your credit score, both positively and negatively, are paying bills late or on time, the type of credit you use, how much credit you have available to you, how much you owe on your credit cards and loans, how long you’ve held outstanding credit (how long you’ve had a credit card, for example), and whether you’ve had a lot of inquiries from prospective lenders.
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Are you liable for charges made on your credit card after it has been lost or stolen?

Under the Fair Credit Billing Act (FCBA) the most you can be held liable for when your credit card has been stolen is $50. However, if you report the loss before your card has been used (or the fraudulent charges involve your credit number and not the card itself) under the FCBA you are not liable at all and do not have to pay the card issuer any money. But if a thief uses your card before you are able to report it missing, the most you will be liable for is $50.

It is a good idea to watch your billing statements carefully in the months after your credit card goes missing. If any charges appear that you did not make, be sure to contact the card issuer immediately.
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What do I need to know about the borrowing process?

Many students and families rely on borrowing to finance their education and Federal student loans are often the primary source of these funds.  The Office of Student Financial Aid (OSFA) encourages students and families only to borrow when it is a necessity, rather than borrowing as a convenient way to finance their educational expenses.

Once a student and family make the decision to finance their educational expenses through borrowing, it is important they make informed and educated decisions about the type of loan(s) to borrow and the amount of borrowing required to pay their educational costs.  Factors that should be considered and discussed throughout this process include: understanding what is means to be a responsible borrower, understanding the types of loans available and the application process for each, and understanding the repayment requirements and options for any loans borrowed.
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