March 14, 2012
In this day and age, the world is an increasingly small place, as one only has to foray into the world of blogs and forums to make contact with people thousands of miles away. We may not exactly live in the “global village” that Marshall McLuhan predicted back in the day but we’re certainly closer than society has ever been to that point. What does that mean for us college students? Well, I think it goes without saying that the job market is a changing place. It is far from uncommon for a company to be multinational and deal with clients from around the world so this makes a basic knowledge of international relations – as well as knowledge of another language...or two – a definite plus.
Experience abroad can be turned into a marketable quality when you’re on the job or internship search. Most interviewers are more concerned with experience than they are with grades so if you’re abroad, don’t be afraid to skip the occasional class if it means getting out there and immersing yourself in the culture of your new home. Some events only come around once in a lifetime and can often be much more valuable than a perfect attendance record.
Even better? Get work experience abroad! In an international job market, this experience is invaluable and will be looked upon extremely favorably by employers but be sure to do your research ahead of time. For example, college students get “work placement” in England rather than internships, so opportunities are few and far between. Before you leave your home university, email companies in your study abroad destination and tell them you’re interested in working for them...even if they aren’t advertising any positions – that’s what a friend of mine did and she nabbed herself an internship in London for the summer!
Another crucial tip is ensuring that you have the proper work clearance. If your visa is incorrect, you could end up being deported or banned from ever returning to the country. Each country’s border agency or immigration office should have details on its website; the process is a pain (trust me, I’ve been there) but it’s definitely worth it: My Tier 4 student visa has allowed me to volunteer with the London Organising Committee for the Olympic Games and I couldn’t be happier!
Darci Miller is a New Yorker studying journalism and sport administration at the University of Miami. When she’s not writing for the school newspaper, you can find her at the gym, either working or working out. She loves all ‘80s pop culture (the cheesier, the better!) and glues herself to her TV when the Olympics are on. She dreams big and believes the sky’s the limit. This semester, Darci is studying abroad in London and will share her international experiences here.
March 14, 2012
Recent reports suggest that student loan debt has surpassed credit card debt for the first time and will reach $1 trillion this year. The average college student leaves owing $25,000 in loans, putting them at risk of having to significantly delay moving on to different life stages such as buying a house, getting married and even having children. Curious as to how the government has responded in aiding and relieving students of insurmountable debt? By possibly doubling the interest rate of the most popular federally subsidized loans, of course.
On Tuesday, college students delivered more than 130,000 letters to congressional leaders at the Capitol to protest the increase. Unless Congress takes action, the interest rate on subsidized Stafford loans is set to double from 3.4 percent to 6.8 percent on July 1, increasing the average debt by $2,800 for more than 7 million students receiving the loans, according to a spokesman for the Democratic members of the House Committee on Education & the Workforce. Why is Congress considering the increase when so many students are already in debt? In 2007, Congress voted to cut the Stafford interest rate, which in turn cost an estimated $7.2 billion from 2007 to 2012 and, according to the Congressional Budget Office, that burden was shouldered almost entirely by lenders and loan-guarantee agencies. "We all want to promote efforts that will reduce college costs, but the era of empty promises has to end," said John P. Kline Jr., a Republican from Minnesota who is the committee's chairman. "The interest rate hike students face is the result of a ticking time bomb set by Democrats five years ago," Mr. Kline said. "Simply calling for more of the same is a disservice to students and taxpayers." (For more on this story, click here.)
Soon-to-be college graduates, do you fear crippling student loan debt? What steps are you taking to prevent becoming a statistic?
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