College’s financial literacy resources can help students manage, minimize debt
04.22.2016 | By Andrea Vasquez
Paying for education remains one of the biggest causes of debt facing students and young professionals. According to MarketWatch, 70 percent of bachelor degree recipients graduate with debt with the national student loan debt average reaching $1.2 trillion and growing. As Financial Literacy Awareness Month comes to a close, San Jacinto College wants to remind its students that they have access to free resources to help manage and minimize educational debt.
The College facilitates financial literacy workshops through its Program for Financial Education (PFE). The program was developed to help students utilize the necessary information, tools, resources, contacts, and services to become more successful in their educational and career pursuits. Workshops are free and available at all three San Jacinto College campuses and open to all students.
San Jacinto College has also partnered with USA Funds to provide students with the online Life Skills Program. This online workshop program offers students advice for managing their time and money wisely while on campus and after graduation.
Some students may also qualify to take advantage of the Public Service Loan Forgiveness Program (PSLF). Created by Congress in 2007 to encourage individuals to enter and continue to work in full-time public service jobs, the PLSF program provides qualified borrowers forgiveness of the remaining balance due on their eligible federal student loans after they have made 120 payments on those loans under certain repayment plans while employed full-time by certain public service employers.
“Unfortunately, not many of our students take advantage of this program even though it’s going on it’s ninth year,” said Elena Olivier, San Jacinto College default prevention loan coordinator. “This is a great resource for our students. Students currently working in or that are pursuing degrees in law enforcement, fire protection technology, healthcare, education, criminal justice, and library services would may qualify for this program as long as they are employed by a public service organization.”
For more information on financial literacy resources offered to San Jacinto College students, visit sanjac.edu/financial-aid or contact Elena Olivier at 281-991-2645.
About San Jacinto College
Surrounded by monuments of history, industries and maritime enterprises of today, and the space age of tomorrow, San Jacinto College has been serving the citizens of East Harris County, Texas, for more than 50 years. As an Achieving the Dream Leader College, San Jacinto College is committed to the goals and aspirations of a diverse population of approximately 30,000 credit students. The College offers 186 degrees and certificates, with 46 technical programs and a university transfer division. Students benefit from a support system that maps out a pathway for success, and job training programs that are renowned for meeting the needs of growing industries in the region. San Jacinto College graduates contribute nearly $690 million each year to the Texas workforce.