Categorized | Business

Protect yourself against identity theft

Star Staff Reportsmoney-graphic-2

Students under age 18 are often targeted for identity theft because they frequently have no reason to check their credit scores. Here are several ways to protect yourself, according to KHEAA.
·      Never provide personal information such as your Social Security number, bank account or credit card numbers in response to a phone call, fax, letter or email. Don’t respond to emails that claim to be from the Internal Revenue Service. The IRS doesn’t contact taxpayers by email. Nor does the IRS threaten to send local police to arrest you, as a popular phone scam claims.
·     Friends, family members, roommates and workers in homes make up a large percentage of identity thieves because they have access to your information. Make sure you don’t leave personal information where they can see it. Shred any documents that contain personal or financial information.
·Pick up your mail as soon as possible after delivery or use a locked mailbox. Put outgoing mail in a blue Postal Service mailbox, hand it to a mail carrier or take it to the post office.
·Never provide bank, credit card or other sensitive data when visiting a website that doesn’t explain how your personal information will be protected, including the use of encryption to safely transmit and store data.
·When you use your bank card, make sure no one can see your personal identification number (PIN).
·On your personal computer, install a free or low-cost firewall to stop intruders from gaining remote access to your PC. Download and frequently update security patches offered by your operating system and software vendors to correct weaknesses that a hacker could exploit.
KHEAA is a public, non-profit agency established in 1966 to improve students’ access to college. It provides information about financial aid and financial literacy at no cost to students and parents. KHEAA provides the ThinkAhead Net Price Calculator to universities and colleges. The calculator, available on a school’s website, lets students and parents determine their out-of-pocket costs for attending that school. KHEAA also helps colleges manage their student loan default rates and verify information submitted on the Free Application for Federal Student Aid (FAFSA).
In addition, KHEAA disburses private Advantage Education Loans on behalf of its sister agency, KHESLC. For more information about Advantage Education Loans, visit www.kheslc.com.

Financial Aid Tip of the Month, June 2014

Taking extra classes will help you finish college more quickly
Taking more classes each semester you’re in college will help you finish your degree earlier, according to KHEAA
That’s especially important if, like many people, you’ll need federal or private student loans to help pay for your education.
A full-time load for undergraduate students is generally considered 12 credit hours per semester. Associate’s degrees usually require 60 credit hours to finish, bachelor’s degrees 120 hours. If you take 12 hours each semester, you’ll need five semesters to finish an associate’s degree and 10 semesters to finish a bachelor’s degree.
But what if you take 15 hours per semester? Most colleges won’t charge you any more for 15 hours than they do for 12 hours. Taking 15 hours means you’ll finish an associate’s degree in four semesters and a bachelor’s degree in eight semesters. And that can save you hundreds, even thousands of dollars in tuition and fees.
When you’re planning your schedule, think about taking that extra class each semester. The sooner you earn that degree, the sooner you can start job hunting in your field.
KHEAA is a public, non-profit agency established in 1966 to improve students’ access to college. It provides information about financial aid and financial literacy at no cost to students and parents. KHEAA provides the ThinkAhead Net Price Calculator to universities and colleges. The calculator, available on a school’s website, lets students and parents determine their out-of-pocket costs for attending that school. KHEAA also helps colleges manage their student loan default rates and verify information submitted on the FAFSA.
In addition, KHEAA disburses private Advantage Education Loans on behalf of its sister agency, KHESLC. For more information about Advantage Education Loans, visit www.kheslc.com.

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