Cost Featured 

Do you have to file tax returns for summer jobs?

In addition to being a great source of walking-around money or funds of college expenses, summer jobs can be great educational tools for teens and young adults. We’ll title one of these lessons “Welcome to the Tax System 101.” You need to report your income, kids, and the rules for you aren’t necessarily any simpler than those for your parents. Of course, you might be able to persuade them to do the dirty work and fill out the return, or even report your income on their own returns. Bill Bischoff of…

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Visit Indiana INTERNnet to Learn About EARN Indiana

More than 260,000 students are EARN Indiana eligible, meaning an employer can receive funds in exchange for hiring qualifying students. In order to be EARN Indiana eligible, students must: Be an Indiana resident Not have a bachelor’s degree prior to the term a student plans to work Be enrolled full time at an eligible Indiana college or university and have an Expected Family Contribution (as determined by the FAFSA from the current academic year) less than or equal to $24,428 OR Be enrolled part time at an eligible Indiana college…

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Keep an Eye on Your College Money and Financial Future

If you’re a student, whether you’re earning a little extra cash with a part-time job or paying your own way through life and college, it’s probably on your mind—a lot, perhaps, if you’re thinking about graduation and career options. You can do three things now to make your financial future more secure: 1. Stay on track with 30 to Finish. Taking 30 credits per year is the best way to graduate on time and within budget. The Indiana Commission on Higher Education estimates that every additional year students spend in…

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Mistakes and Money Management

What are some of the common mistakes college students make with money? Michelle L. Ashcraft, director of Purdue Promise Student Success Programs, sees some common financial aid fouls among students: Missing the institution’s and/or state’s FAFSA filing deadline. Neglecting to sign up for direct deposit, if available. Financial aid checks can be mailed to wrong addresses if they are not updated, stolen from mailboxes, or deposited into family member’s accounts. Spending financial aid refunds meant for housing, food, and books on furnishing apartments or decorating residence hall rooms. Not having…

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21st Century Scholar Started Small, Finishing Big (And Debt Free)

When Henry Steckler graduated from Southridge High School in Huntingburg, Indiana, he was unsure about his next move. He had spent four years of high school preparing to go to Purdue and study engineering, participating in Project Lead the Way’s Gateway to Engineering, and Rube Goldberg competitions. “I really liked the design side of things, being the person behind the scenes who makes everything go,” Steckler said. When he was accepted to Purdue, but not to his first choice of the College of Engineering, his career goals seemed in jeopardy.…

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Cost Featured 

Keep Control of College Costs

Need to do college on a budget? Zoe Nash of Indianapolis graduated from Indiana University in Bloomington in 2018 with money in the bank, even after a semester studying abroad and having an active social life. How she did it: Work. “My parents paid for my room and board when I lived on campus, and when I moved off campus, my rent and utilities, which was really nice. But since I was 16, I have worked—mostly babysitting—and saved all my money, because any money I wanted to spend, I had…

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3 Secrets to getting rich

A new job and steady paycheck often create the temptation for recent graduates to spend more than they earn. Kate Arndt, a financial planning coordinator at Bedel Financial Consulting, Inc., in Indianapolis, suggests three ways to get a head start on staying out of debt, managing expenses and saving for the future. Arndt is a 2016 graduate of Indiana State University with a bachelor’s degree in finance. “The secret to getting rich is to live below your means!” she says. Beware of “lifestyle creep” Arndt says the new thrill of…

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Meet Julian Luna

Senior at Indiana University, majoring in elementary education with ESL license addition Hometown: Elkhart, IN     Julian Luna has a mission. He wants to help first-generation college students like himself succeed. He plans to be a teacher, and aims to eventually start his own bilingual language immersion elementary school. Financing an education: Luna discovered his love for teaching in high school, when he had an internship that took him to several elementary school classrooms. “I loved everything about the classroom environment and working with the kids,” he says, but…

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Repaying student loans

Tips from a pro Is repaying student loans on your horizon? You’re not alone.  According to ticas.org, a graduate of an Indiana four-year college faces repaying an average student loan debt of more than $29,000. It’s important not to get misled in your quest to become debt-free. Indiana attorney Michael Lux, founder of The Student Loan Sherpa, a website dedicated to student loan education, strategy and borrower advocacy, says one question he gets “far too often” is about purported student loan services “that are nothing more than a scam. Programs like…

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Your Fabulous Life

How much money do you need to live the lifestyle you want? That depends on what you’ll earn, and what you’ll spend. See how far your future occupation and income will take you with IN Reality, an online tool at hoosierdata.in.gov/inreality/. Produced by the Indiana Department of Workforce Development and the Indiana Business Research Center at the IU Kelley School of Business, IN Reality offers a reality check without a lecture on your spending habits. Choose an income level and occupation and make choices about whether to drive a used…

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Plan for Repayment

If you’ve borrowed money for college, it’s important to repay responsibly. Learn More Indiana offers these tips to make sure you are repaying your loans efficiently: • Start early. If you’re able to pay off interest while you’re still in college, you’ll save money over the long run. Remember, your loan repayments will consist of principal (the original amount you borrowed), plus interest. The longer you take to pay back your loans, the more you’ll pay in interest. • Calculate your payment. Find the loan repayment plan that works for…

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EARN Indiana Expands More Paid Internships

The state’s work-study program for college students is expanding. EARN (Employer Aid Readiness Network) is the state’s work-study program. Students with financial need have access to resume-building, experiential, paid internships while employers receive state matching funds. To be eligible for an EARN Indiana internship, students must also: • be an Indiana resident; • be enrolled full-time at an eligible Indiana college; and • not have a bachelor’s degree prior to the term the student plans to work. EARN Indiana has partnered with Indiana INTERNnet to better match students and employers,…

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Meet Carrie Wilson

Carrie Wilson Ball State Alum, community ambassador, project coordinator Hometown: Greenfield First Job: Wilson works with healthcare clients as a project coordinator for Recourse Resource Consulting in Fishers, Indiana, and as a community ambassador for Leap for Women, an online community for entrepreneurs. How She Got There: Wilson graduated from Ball State in 2015. “I was a psychology major and thought I wanted to do counseling, but realized that it was not the career for me. A psychology degree definitely helps me interact and best understand clients.” Turning Point: Her…

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Spending and Saving

Choosing to go to college already has you on the right financial path, since a college degree is likely to increase your lifetime earnings. The cost of going to college is high and you might not be employed full time yet in your career of choice. Is there anything you can do now to improve your financial future? Experts say yes. Learn to Manage Your Money Now. Colleges and universities are doing better than ever at offering students ways to learn about personal financial planning. Any student at any campus…

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College Cost 

Buying Books and Saving Money

– Jacob Elmore,  intern at the Indianapolis Business Journal Throughout my time in college, I’ve heard all kinds of ridiculous amounts of money that people have spent on books. Usually the range is anywhere from a few hundred dollars to thousands of dollars. Although I have a major that isn’t textbook heavy, I still had to buy books that aren’t cheap for my early years . I’ve learned that buying books online, renting books, or buying from students is often the best route to go to save money. Three websites that…

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College Cost 

Campus Housing, The Good and The Bad

– Jacob Elmore,  intern at the Indianapolis Business Journal Living on or around campus can be rewarding or a nightmare depending on how it all works out for you. To begin with housing as a new college student, some places require freshman to live in a dorm on campus. I personally suggest this as a good idea since it can usually lead to meeting new people, making friends, and understanding how college works in general. It can also help keep stress down without having to worry about extra thing such as…

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Career Cost 

[IEDC] Steel Bar Processor Investing $36.9 Million to Locate in Porter County

VALPARAISO, Ind. (March 28, 2016) – Nuco Steel Bar Technologies, a processor of raw steel materials into steel bars, announced plans today to locate its operations here, creating up to 50 new jobs by 2019.   The company, which was recently established by Michael Pitterich and Jim Sarwark, steel experts with a combined 50 years of industry experience, will invest $36.9 million to develop a greenfield site at the Airport Industrial Park in Valparaiso. With Valparaiso-based Chester Construction, which was founded in 1951, expected to begin construction by May, Nuco…

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