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For Some, "Pay it Forward" A Step Backward

3% Over 24 Years Not a Bargain for All

August 22, 2013

For Some, "Pay it Forward" A Step Backward

by Kevin Ladd

Dreamed-up in Portland Oregon and soon lauded in New Jersey, Washington, Ohio and elsewhere, the "Pay it Forward" plan could cost some folks more than simply taking out loans at 6.8%. With the plan calling for approximately $9B in start-up funds and requiring college grads to pay 3% of their income for the 24 years following graduation, only those making below a certain amount would benefit. Certainly, it would be great in the beginning and sounds easier than securing loans, but anybody looking at the big picture and planning to earn over $55K per year upon graduation should probably consider a more traditional path. As always, we recommend finding as many scholarships as possible to keep student loans to a minimum. Free money is better than either of the aforementioned options!

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Putting Your Best Face Forward on LinkedIn

by Mike Sheffey

If you’ve been in any career development class or seminar, I’m sure you’ve heard of LinkedIn. It’s a fantastic networking tool and, if used properly, can lead to some pretty great opportunities...but you’ve got to know how to use it and keep it up to date.

What’s incredible about LinkedIn is that they know you already have a billion social media sites to keep up with so they give you a quick way to get started on their site by providing options to import contacts from email and social media. You can also import your resume: The site does a fairly good job of sectioning off your resume to fit its profile layout, which is a quick way to establish your presence on the site. (LinkedIn also judges the amount of info you have and advises you on how to have a more ‘complete’ profile.)

Of course, there’s still work that will need to be done and information to be added and changed but that’s all easy to do in your own time. If you have an update to your resume, just change your resume on file and LinkedIn will do the rest with another quick upload. (It’s not that hard to just add things directly to your profile, either.) The more information you add to your LinkedIn profile, the more marketable you are to future employers.

Also, keep your LinkedIn page classy! Do you have a goofy picture everybody just HAS to see? That’s fine...just don’t post it here. LinkedIn is a social media platform but approaching it like any other (Facebook, Twitter, etc.) would be a grave mistake. Nothing says “I don’t take this seriously” like an unprofessional profile photo.

My final bit of LinkedIn profile advice? Keep it current, keep it interesting, make sure the information is accurate and join groups of similar individuals in your fields of interest to make sure your name is out there in the best light. Get a new job? Update your profile just like you would your resume and your profile will reach new people – employers use LinkedIn for recruiting and you could be exactly what someone is looking for. Gotta love technology!

Mike Sheffey is a junior at Wofford College double majoring in computer science and Spanish. He loves all things music and has recently taken up photography. Mike works for an on-campus sports broadcasting company as well as the music news blog PropertyOfZack.com. He hopes to use this blogging position to inform and assist others who are seeking the right college or those currently enrolled in college by providing advice on college life, both in general and specific to Wofford.


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