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

Professor Endeavors to Adjust Grades Based on Gender

May 22, 2018

by Susan Dutca

A professor from The University of Akron had planned to boost his females' grades "a level or two" as part of a "national movement to encourage female students to go [into] information sciences." A university provost stated that, although the intention "may be laudable", it was unacceptable. [...]

Sizzling Summer 2018 Scholarships

May 21, 2018

by Susan Dutca

Summer break is here for most students and so are these sizzling summer scholarships for those who want to take advantage of their spare time this summer and earn money for college. Since you don't have to deal with homework and tests for the next couple of months, we strongly encourage you to apply for scholarships and kick-start your financial aid for next semester. See how much money you can save and student loan debt you can skirt by applying for and winning college scholarships this summer 2018. Begin your search with the summer scholarships listed below or get a personalized list of scholarship matches here. [...]

Student Strips for Presentation in Protest of Professor’s Comments

May 15, 2018

by Susan Dutca

Photo credit: Jeffrey Vinocur

A Cornell University senior presented a trial run of her senior thesis wearing nothing but her bra and panties in protest of her professor's comments about the length of the shorts she was wearing. Offended and taken aback by the comments, she further invited others to support her on the day of the presentation by stripping down to their undergarments with her during her 15-minute address. [...]