Financial literacy is critically important for students and families considering college. Teaching students how to make smart decisions about money should start young and at home. However, higher education institutions also have a role to play when it comes to helping students make informed decisions about paying for college and planning for the future.
Prevailing thinking suggests that financial education is a continuous activity. Building on that theory, DeVry Group works with our institutions to implement a life-cycle approach to help students navigate financial aid decisions and other issues related to the costs and benefits of higher education.
Our collective challenge is to help students achieve their career dreams not only by assisting them with getting into college, but by making sure they have the tools to finish college and begin their careers in a financially responsible manner. Our work begins before students enroll. Students may speak with an advisor to develop a financial plan covering their full program of study. Prospective students will know total program costs, how they will finance their studies and ultimately the repayment obligations associated with any debt they will take on. Once a student begins their studies, they can monitor their debt through Manage My Loans (MML), a comprehensive debt-tracking tool developed by DeVry Group. MML provides a frequently updated snapshot of all of a student’s education loans – including all federal loans, regardless of where they were enrolled at the time of receipt, and all private and institutional loans obtained while a student at a DeVry Group Institution. Furthermore, MML also empowers students with a central point of access to information to help them understand the repayment obligation of their student loan borrowing and tools to better manage their loans, including modeling various repayment plans and projecting earnings needed to assure loan repayment is affordable. Advisors monitor borrowing levels and help students with strategies to decrease their reliance on student loans.
Exit counseling and repayment guidance is provided when students leave a DeVry Group institution to inform them of their loan repayment options and all student repayment statuses are monitored, triggering outreach for those having difficulty in making their payments.
In conclusion, financial literacy can provide critical support to students. It is a lifelong process and is of paramount importance to the future financial health and stability of students.
Originally posted on LinkedIN by:Tom Babel
Contact John Assunto for all of your Education Recruiting needs! Johna@worldbridgepartners.com or 860-387-050
How to stay sane in the tumultuous year ahead
I used to mistake stability for a good thing. My immigrant parents instilled in young Bo the notion that stability and security are markers we should aspire to in life. Growing up, society reinforced that same sentiment - that achieving a constant in life is what we should all strive for. When you grow up, you marry, have 2.5 kids, buy a house. That’s the road to happiness, right?
Wrong. Nothing about life or 2016 is stable. 2016 was straight-up emotional and bipolar. According to the DSM-5, I would diagnose 2016 as Bipolar I, the more extreme version. In Bipolar I, one must have had at least one manic episode in their lifetime, plus major depressive episodes. One specifier of both I and II is called "with rapid cycling." We can all agree on that 2016 has been a rapid cycling of highs and lows.
2016 was the year of acquisitions, product changes, crushing election results, and big personal changes. Microsoft bought LinkedIn. Yahoo went up for sale for pennies. Gone are the days of huge IPOs - in this “winter is coming” market, acquisitions are the only way to survive. Classpass canceled their unlimited tier option to many a workout aficionado's chagrin. Airbnb introduced trips. #blacklivesmatter took Twitter and social movement by storm. Our first female presidential candidate, the most qualified candidate to have ever run for president, lost. The polls and Five Thirty Eight were wrong. #thefutureisfemale became the most famous t-shirt on the internet. #imwithher turned into #imstillwithher.
In 2016, I ended a long-term relationship, quit my job, published a tell-all post about my experience at Facebook, and moved across the country to New York. For me, 2016 has been best described as bipolar: the highs have been so high and the lows so low this year.
I've dealt with change in 2016 by reframing change as an equilibrium. Instead of resisting change, we should see it as something necessary until a balance is achieved.
In a chemical reaction, an equilibrium is not achieved until all the reactants and products have no further need to change. Reactants are converted to products and products are converted to reactants vice versa until they’ve reached an equilibrium.
Change is really a state of reactants and products reacting until there is nothing to react to.
As much as we push for stability, it can only be achieved organically. As humans, we get attached to the current state, and often resist any change that pushes us away from that. If a product works, we think there's no need for radical changes, preferring to make small iterations over time. Feeling complacent in your current product market standing creates blind spots for small players to come in and eventually sets the scene for the innovator's dilemma. It’s normal - we cling onto current success, status quo, relationships because we don't want to let them go.
However, life and the marketplace is anything but stable. Change is a fact of life. We will inevitably encounter forces and unexpected events in all areas of life that will yield chemical reactions and catalyze change. These catalysts typically come about after a moment of crisis: a failed product launch, an unexpected political loss, or surprising breakup--devastating losses despite rosy predictions.
We must learn to weather the ebb and flows of political, economic, and social instability. If your product doesn’t get any traction, you need to re-evaluate and reconsider what’s working and what isn't. If your political candidate loses, you need to analyze how that could have happened, see the other side, and think what you’ll do to ensure future success. Be sad, be angry, be scared, but most importantly, don't give up taking action for change. Everyone has a role to play in the next four years.
Architecting a good life and growing an organization comes in waves. We need to evolve or we will stagnate and die a slow death as individuals, organizations, and a country. A study about Romanian orphans from the 1990s really resonated with me regarding the mentality of embracing resilience in the face of change. Despite early years of abject neglect, most of the children in this study were able to recover and live normal lives. We have a great deal to learn from their example.
“Resilience, in psychology, is a person’s individual ability to cope with stress and adversity, and bouncing back to a previous state of normal functioning after trauma.”
Innovation and creativity are very difficult processes. What people often miss is not a lack of creativity but resilience to persist after many setbacks. Most people don’t have a master plan for success and know exactly what they have to do to. I certainly don’t - when I build products or write a piece, it doesn’t happen all in one go. Rather, my process with most things is iterative with many points for reflection and reassessment after each setback. When challenges inevitably happen, I try to face those moments and devise ways to get past them.
Perhaps as we grow as adults, in pursuit of stability, we forget how resilient we once were.
When it comes to the the next year in 2017, I hope that we frame change as an equilibrium and attack problems with resilience. We’ll certainly need it.
ORiginally posted on Linked IN by:Bo Ren
Contact John Assunto for all of your Education Recruiting needs! Johna@worldbridgepartners.com or 860-387-0503
Do you have enough passion in your life? Passion is the difference between playing the piano and being a pianist; it’s who you are, not just what you do. Passion makes you leap out of bed in the morning, eager to start your day.
Dr. Robert Vallerand at the University of Quebec has studied passion more than anyone, and he asserts that passion is self-defining. According to Vallerand, “Passion is a strong inclination towards a self-defining activity that people love, that they consider important, and in which they devote significant amounts of time and energy.”
“Passion is the genesis of genius.” – GalileoIt’s important to note that passion doesn’t require expertise—although there is a correlation, it’s not a given. Vallerand and two other researchers studied 187 musicians and found that those who focused on perfecting their performance—what Vallerand calls “mastery”—developed a higher level of expertise than those who focused on merely being better than other musicians. If passion defines you, it makes sense that your personal best will be about you and no one else.
So what does passion look and feel like? A great way to understand passion is to consider what makes passionate people different from everybody else.
Passionate people are obsessed. Put simply, passionate people are obsessed with their muse, and I don’t mean that in an unhealthy OCD sort of way. I’m talking about a positive, healthy obsession, the kind that inspired the quote, “Do what you love, and you’ll never work a day in your life.” No matter what else is going on, their thoughts keep returning to their passion. Not because they feel burdened and pressured by it, but because they’re just so dang excited about it. They’re obsessed with their muse because it inspires them and makes them happy.
They don’t waste time. You won’t find passionate people wandering around a park all afternoon playing Pokemon Go. They don’t have time to be bothered with things that don’t matter or things that just kill time. They devote every minute available to their passion, and it’s not a sacrifice, because there’s nothing else they’d rather be doing.
They’re optimistic. Passionate people are always focused on what can be rather than what is. They’re always chasing their next goal with the unwavering belief that they’ll achieve it. You know how it feels when you’re looking forward to a really special event? Passionate people feel like that every day.
They’re early risers. Passionate people are far too eager to dive into their days to sleep in. It’s not that they don’t like to sleep; they’d just much rather be pursuing their passion. When the rooster crows, their minds are flooded with ideas and excitement for the day ahead.
They’re willing to take big risks. How much you want something is reflected in how much you’re willing to risk. Nobody is going to lay it all on the line for something they’re only mildly interested in. Passionate people, on the other hand, are willing to risk it all.
They only have one speed--full tilt. Passionate people don’t do anything half-heartedly. If they’re going, they’re going full tilt until they cross the finish line or crash. If they’re relaxed and still, they’re relaxed and still. There’s no in between.
They talk about their passions all the time. Again, we’re talking about people whose passions are inseparable from who they are, and you couldn’t form much of a relationship with them if they couldn’t be real about who they are, right? It’s not that they don’t understand that you don’t share their obsession; they just can’t help themselves. If they acted differently, they’d be playing a role rather than being authentic.
They’re highly excitable. You know those people who probably wouldn’t get excited if an alien spaceship landed in their front yard? Yeah, that’s not how passionate people operate. It’s not that they’re never calm, or even bored. It’s just that it takes less to get them excited, so they get excited more frequently and stay excited longer. One theory is that they devote their energy to just one or two things, so they make more progress, and that momentum fuels their excitement.
They’re all about their work. Passionate people don’t worry about work/life balance. Their work is who they are, and there’s no separating the two. It’s what they breathe, live, and eat, so there’s no such thing as leaving it at the office. Asking them to do that is tantamount to asking them to deny who they are. And they’re OK with that because there’s nothing else they’d rather be doing.
Bringing It All TogetherNow that you know what separates passionate people from everybody else, do you think you have enough passion in your life?
Please share your thoughts in the comments section below, as I learn just as much from you as you do from me.
ABOUT THE AUTHOR:Dr. Travis Bradberry is the award-winning co-author of the #1 bestselling book, Emotional Intelligence 2.0, and the cofounder of TalentSmart, the world's leading provider of emotional intelligence tests and training, serving more than 75% of Fortune 500 companies. His bestselling books have been translated into 25 languages and are available in more than 150 countries. Dr. Bradberry has written for, or been covered by, Newsweek, TIME, BusinessWeek, Fortune, Forbes, Fast Company, Inc., USA Today, The Wall Street Journal, The Washington Post, and The Harvard Business Review.
If you'd like to learn how to increase your emotional intelligence (EQ), consider taking the online Emotional Intelligence Appraisal® test that's included with the Emotional Intelligence 2.0 book. Your test results will pinpoint which of the book's 66 emotional intelligence strategies will increase your EQ the most.
Originally posted on Linked IN by: Dr. Travis Bradberry
Contact John Assunto for all of your Education Recruiting needs! Johna@worldbridgepartners.com or 860-387-0503
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