RCTC Student Beehive – September 23, 2020

Check out the following links for important RCTC information:

Flu Shots for Students
Jumpstarts and Vehicle Unlocks
Student Printing
Money Management Tips



FLU SHOTS FOR STUDENTS
For many of us, the last thing we want to think during the middle of the coronavirus pandemic is influenza or getting a flu shot.  But, because we are in the middle of this pandemic, it’s even more important that we all think about it!

Influenza or “the flu” is not a stomach bug.  It is a serious respiratory illness that affects millions of people in the United States every year.  Influenza illness can cause severe symptoms that can last a week or more.  And, for older adults and people with other health conditions, influenza can lead to serious illness – even death.

Health officials recommend that everyone who can get vaccinated against influenza get it this year.  Fortunately, there is plenty of flu vaccine available and most health insurance plans fully cover these vaccinations. Below is a list of locations offering flu shots in Olmsted County.  The cost will vary according to your insurance, so be sure to check with your insurance carrier first!

If you live outside of Olmsted County, check with your county’s public health department.

Olmsted Medical Center, Rochester

Location:
Drive through clinic at the Rochester Northwest Clinic located at 5067 55 Street NW, Rochester, MN.

When: September 14 through October 30, weather permitting

Drive Through hours:
Monday, Wednesday, and Friday: 7:00am–4:00pm
Tuesday and Thursday: 10:00am-7:00pm
No appointment is needed for the drive-through clinic

Note: Located under a tent in the upper level of the NW Clinic parking lot.
OMC patients may also schedule an appointment with their primary care provider.

Mayo Clinic, Rochester

Location:
41st St. Professional Building NW, 4111 West Frontage Road Hwy 52 NW, First floor, Ste. 320 (note: flu vaccines will be administered at this site unless you have an existing appointment with your Primary Care team and plan to have a flu vaccine at that time)

When: October 12 through December 18

Hours:
Monday – Thursday:  8:00am-7:00pm
Friday:  8:00am-5:00pm
Saturday – 8:00am-12:00pm
Appointment only. No walk-in flu vaccinations available at Mayo Clinic, including Mayo Clinic Express Care.  Self-schedule through Patient Online Services beginning September 28. Patient flow allows for social distancing.  More information can be found here.

Note: Patients should wait in their vehicle until their appointment time and then go through COVID-19 screening at the entrance.

Hy-Vee Pharmacy
Multiple locations throughout Southeast MN.
Drive-through clinic now through October 31.

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JUMP STARTS and VEHICLE UNLOCKS FOR STUDENTS
Your vehicle won’t start? Locked your keys in your car? Campus Safety will help for FREE!! Just call 507-280-5050. If you have any questions or concerns, you can contact Campus Safety at 507-280-5050 or email us at security@rctc.edu.

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STUDENT PRINTING
RCTC implemented student followme printing security and print accounting to promote Green conservation by helping control rising printing costs, and aid in keeping student technology fees down. The following information represents RCTC’s student printing guidelines.

RCTC students will receive 500 sheets/credits of paper into their print accounts at the start of each semester which can be used for either single sided or double sided (duplex) black laser printing.

Each student that logs on to a campus computer will be able to track sheets/credits of paper through the print management account icon on the computer desktop.

For additional details and frequently asked questions, please visit the website.

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MONEY MANAGEMENT
As you begin college, this is the perfect time to learn important skills that will help you manage your money now and in the future. Money management skills and good practices are needed no matter how much or how little you have. It is never too early to start learning about money and budgets.  The following information will cover a variety of money management topics, including budgeting, credit cards and credit rating, debt management, how to identify financial troubles and finding resources to help.

Monthly Budgeting in College

  • Keep track of what you earn and what you spend.  Create a monthly budget and track to see if it is accurate.
  • Be aware of when you are buying to fulfill a need such as food, compared to a want such as your daily Starbucks run. Skip purchasing some wanted items to show you can do it.
  • Find ways to cut costs: Use a bicycle, get a roommate, learn to cook and buy used books.
  • Get organized: Establish a monthly bill-payment routine and set up a filing system.
  • Track your bank account. Be careful with your debit card – don’t go in the red.

Credit Card Tips

  • Keeping debt at bay is the #1 ingredient for financial success. Start now!
  • Realize that the spending patterns you set today will have an impact on the rest of your life.
  • Don’t have more than one credit card.
  • Read all the fine print of a credit card offer, including interest rate information and when the rate can increase, amount of late fees, over-the-limit fees, balance transfer fees, etc.
  • Try to pay off the entire balance each month to avoid unnecessary interest.  Always pay more than the minimum due.
  • Calculate the annual amount of interest you are paying; multiply the interest rate by the total balance owed.
  • Avoid penalties and fees as they can add up quickly.
  • Always keep your balance at least one-third below your credit limit in case of emergency.

Types of Debt
How you repay debt determines your credit rating, so knowing about the types of debt is important.

Installment loans are for big-ticket items such as cars or homes. Installment loans are paid in monthly fixed amounts and are normally secured (i.e. backed by something of value, such as a car). Payments should be manageable in your budget. Make payments on time as this will help improve your credit rating.

Credit Cards and department store cards are revolving credit lines. Credit cards are heavily marketed and the terms often look better than they really are:  Proceed with caution! Credits cards have a monthly payment that varies based upon total amount owed. Poor handling of credit cards can quickly hurt your credit rating.

Student loans are unsecured installment loans. Explore all your financial aid options, focusing first on scholarships and grants that don’t have to be repaid. Borrow only the amount you need to get through college. You will be happy to have a lower student payment when you begin your career and want to buy a home and a car. Be realistic about what your salary will be after graduation and estimate the amount of debt you can afford. Ideally, student loan payments should be 10 percent or less of your net monthly income.  Total debt, including your mortgage payment, should not exceed 30 percent of your gross income.

Your Credit Rating
A credit score is based on many types of information in a credit file. Lenders use a credit score to help determine whether a person qualifies for a credit card, loan, or service. Generally, the higher the score, the less risk the person represents.

  • A good credit history can mean lower interest rates, a job offer or a decent apartment.
  • A bad credit history will stay on your record for years and will make obtaining a mortgage or car loan very difficult.
  • Be aware of what’s in your credit report. You can get your credit report free once a year from www.annualcreditreport.com.
  • Making student loan payments on time is often the first step in establishing a good credit history and will likely help you when applying for a car loan or home mortgage down the road.
  • Paying your rent, utility bills and credit card bills on time is important as they are also considered part of your credit history.
  • Your credit report includes your name, current and past addresses and employment, and all credit (debt) you have, including the current outstanding balance and whether you’ve ever been late for a payment. The report also lists any companies that have made credit inquiries.
  • Review all of the information on your credit report and challenge any information that you believe is inaccurate.

In Financial Trouble?
Here are questions to determine if you have too much debt:

  1. Do you have trouble paying your bills on time?
  2. Do you only make the minimum payments on your credit card?
  3. Are you near to the maximum on your credit card limit?
  4. Do you worry about money all the time?
  5. Have you ever needed to borrow money to pay your bills?
  6. Are creditors calling you?

Seek Help
If you answered yes to any of the preceding questions, it is important to seek help. Visit the Web sites listed below. Before deciding if a financial planner is right for you, do your research. Talk with trusted family and friends to find a financial planner. Consider a non-profit financial counseling service such as www.cccs.org.

Tax Related Benefits

  1. File Your Taxes for Free:  You can file your taxes for free online through the IRS website if your income is less than $57,000 at https://www.irs.gov/faqs
  2. Earn a Tax Credit: Some college students also benefit from two federal tax credit programs, the American Opportunity Tax Credit and the Lifetime Learning Tax Credit. These may apply to you or your family, depending on your financial circumstances. For more information visit the IRS website at:  irs.gov/faqs/.
  3. Tax Benefits for Higher Education: You may be able to claim a tuition deduction of up to $4,000 of qualified education expenses paid during the year for yourself, your spouse, or your dependent. You cannot claim this deduction if your filing status is married filing separately or if another person can claim an exemption for you as a dependent on his or her tax return. The qualified expenses must be for higher education. You may also be able to deduct interest you pay on a qualified student loan. And, if your student loan is canceled, you may not have to include any amount in income. For more information visit the IRS website at: irs.gov/publications/p970/

Further Information, Interactive Tools and More
For additional information, interactive tools, budget calculators, sample plans, and more, visit the Minnesota State Colleges and Universities Finance Plan website at:  www.gpslifeplan.org/finance. The Finance Plan website will help you learn about general budgeting practices and help you assess your specific situation. The more you know about both, the better you can manage your money. No one will care about your financial situation more than you so it is important that you take control and take action.

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