Home > Resources > Campus Life > Money Management > You Are Your Credit Score

You Are Your Credit Score

No kidding. That is what a lot of people seem to believe, and that is precisely why your credit score matters. While you are in school it is important to begin establishing a positive credit history. The good news is that every student begins with a blank slate, which means that your credit rating is yours to build or destroy.

Your Credit Score Is

  • A Character Witness

    You begin establishing credit as soon as you use a credit card, take out a loan, pay utilities, or buy a car. Throughout this process, lenders, in good faith, give you funding in anticipation of seeing a return with interest on their loan. When you accept money from a lender, you become a business partner and your contract is composed of monthly payments. By not making payments, you breech the established contract and lose the trust of your business partner.
  • A Measure of Responsibility

    A good credit rating says a lot about you. In addition to showing that you pay your bills in a consistent and timely manner, it says that you care enough to do so. A person with a good credit score is concerned about their future and attempting to make decisions that will attest to their level of responsibility.
  • An Indication of Self-Control

    Managing your credit is not easy. College students, for the most part, are big spenders. Advertising companies market their products directly at college age students, and the credit card companies put up the cash so that they can make purchases. Building and maintaining a healthy credit score is especially difficult during these years, but if you are able to do so it indicates that you are a young adult with incredible self-control and that you can be trusted in the future.
  • A Peek Into the Future

    Your credit rating is a number that weighs in on your habits. Typically, one late bill or missed payment will not leave an irreparable dent in your credit score. Several late payments, on the other hand, will. In turn, a poor credit score shows that you have established a history of late or missed payments. A lender looking at such a report will expect that these habits will continue into the future.

Latest College & Financial Aid News

Ciara Levels Up, Headed to Harvard Business School

May 21, 2019

by Susan Dutca-Lovell

Ciara will soon "one, two step" in the halls of Harvard University's prestigious Business School according to her latest Instagram post in which she shared the good news of being accepted into the Business of Entertainment, Media and Sports program while donning a Harvard sweatshirt. The $10,000 program, which spans over the course of three days is open to talent and individuals active in the entertainment industry, according to Harvard Business School's website. [...]

Graduating Grandma Garners Top Honor of Valedictorian

May 14, 2019

by Susan Dutca-Lovell

For a 72-year-old grandmother, graduating from college with a bachelor's degree from The University of New Mexico was "better late than never." To top that off, Rigina Wright also graduated at the top of her class as Valedictorian with a 4.067 GPA. [...]

Protest at Johns Hopkins U Over Proposed Private Police Force

May 7, 2019

by Susan Dutca-Lovell

Photo courtesy of The Baltimore Sun.

Student at Johns Hopkins University have staged a month-long sit-in at Garland Hall, JHU’s main administrative building, to protest the university's plans for a private police force, which was recently approved by the Maryland General Assembly. The university has had to suspend financial aid, disability, academic advising, and international services due to the protest's complete blockage. The protesting students are also demanding that JHU cancel its contracts with Immigration and Customs Enforcement (ICE) and eight students even chained themselves to Garland Hall. [...]