Author: Golden Key Innovation Team

Your Major's ROI from Discover

Your Major's ROI from Discover

What’s the ROI of your College Major? It May Surprise You Choosing a college major may be one of the most difficult decisions you’ll make during your college career. Not only is it important to choose a major based on your interests, it is important to keep […]

Program to Help Community College Transfers

Program to Help Community College Transfers

If you are working towards a two-year degree in the United States, it may become easier to transfer into a bachelor’s program in the near future. A group of colleges- both public and private, two-year and four-year- are preparing to announce an alliance with the […]

Student Loan Obligations from Discover

Student Loan Obligations from Discover

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YOUR STUDENT LOAN OBLIGATIONS

Financing your education is an important investment. How effectively you manage your student loan debt is reflected in all aspects of your life. Understanding your obligations and the consequences of failing to repay your student loans is crucial in maintaining your financial health.

Understand Your Obligations
As a borrower, you have the following responsibilities:
  • Notify your lender of changes to your name, address and telephone number
  • Tell your lender if you change financial institutions if your payments are automatically deducted from an account with that particular institution
  • Contact your lender immediately when you encounter financial difficulties that inhibit your ability to pay
  • Make on-time payments even when you are waiting for notification regarding your request for a deferment, forbearance or loan consolidation
  • Repay your loan(s) in full according to the terms stated in the promissory note(s) you signed
  • Avoid delinquency and default by working with your lender to establish a payment schedule you can afford

Consequences of Not Paying
Not paying your student loans can jeopardize your credit history and ability to borrow in the future. Here’s what you need to know:

Late Payments
If your monthly payment is late, you are considered delinquent on your loan. When this happens, your lender may contact you, begin collection activity, assess late fees and possibly report your delinquency to a credit bureau.
Failure to Pay
Defaulting on a student loan damages your credit history and can negatively affect your personal and professional life. Plus your cosigner, if any, can be held responsible for your loan obligations.
Default has substantial, long-term, and adverse consequences for both you and your cosigner, if applicable:
  • Your loan may go to a collection agency and legal action could ensue
  • Your default is reported to the major credit bureaus and stays on your credit record for at least seven years, whether or not you pay it off later
  • Your wages could be garnished
  • Your obligation to pay your education loans may not be dischargeable in bankruptcy
Get Relief in Times of Financial Difficulty
If you are having difficulties or are unable to pay your student loans, don’t delay in getting help. Contact your lender immediately when you encounter financial difficulties that inhibit your ability to pay.

Apply now or call 1-800-767-1164 to reach a live person in one minute or less.

Discover Student Loans are made by Discover Bank
©2013 Discover Bank, Member FDIC
Make A Difference Day 2013 Chapter Awards

Make A Difference Day 2013 Chapter Awards

Make A Difference Day brought millions of people together on October 26, 2013 to help better our communities.  All Golden Key chapters in the United States and Canada were encouraged to participate in this day of service. Golden Key chapters participated in 101 Make A Difference […]

Golden Key Board of Directors: Peter Veruki

Golden Key Board of Directors: Peter Veruki

Back in 1988, Golden Key Board of Directors member Peter Veruki was contacted by the then Owen Graduate School of Management dean Marty Geisel to come work at Vanderbilt University in Nashville, TN. The two met when Veruki was recruiting and training MBAs on Wall […]

Golden Key holds fall 2013 Virtual Graduate School Fair

Golden Key holds fall 2013 Virtual Graduate School Fair

Golden Key’s latest Virtual Graduate School Fair was held on October 22, 2013.  The fair brought members together for the opportunity to interact online with graduate school representatives. More than 1,600 Golden Key members participated in the virtual event!  These members represented more than 150 different majors and ranged from students getting their bachelor’s degree to those in a PhD program.  Attendees were able to gather valuable information about graduate school programs.
Students raved about the convenience and ease of using the virtual platform.  They were also very impressed by the vast selection of graduate schools represented.
Here’s what just a few students had to say:

  • “It’s nice being able to chat with representatives from so many different universities all in one place, and to get some of my questions answered.”
  • “I liked the fact that you can take your time thinking about the questions you want to ask. I think that in live fairs you get a little bit of pressure because there are many people waiting for their turn to talk with the representatives.  The representatives were very helpful; they pointed out different people whom I could contact for even more information about the program I am interested in.”
  • “This is an opportunity I am glad that I did not pass on.”

Thirty-two graduate schools participated in the event. They included Boston University College of Communication, Columbia University, Mailman School of Public Health, Syracuse University LC Smith College of Engineering and Computer Science, and University of Notre Dame, just to name a few.
Overall the graduate school representatives were very impressed by the turn out of prospective students and how busy it kept them.
Here’s what just a few graduate school representatives said:

  • “Please do this again! I like to be able to reach out to multiple students simultaneously versus at grad fairs you typically address one student at a time.”
  • “I think it went well! Quite a few interested students attend, many questions asked, and they even had a student start an online application following the morning session.”

The virtual concept of the fair allows members to participate at their convenience from the comfort of their own home.  Golden Key is proud to provide opportunities like this to help our members succeed.

Golden Key Board of Directors: Leigh Fox

Golden Key Board of Directors: Leigh Fox

Cincinnati Bell, the leading telecommunications company in the city of Cincinnati, OH, has announced that, as of October 1, 2013, Leigh R. Fox has assumed the position of chief financial officer for the company.  Fox, a Golden Key honorary member and member of the Board […]

Key Chapter Winner Highlight: Concordia University

Key Chapter Winner Highlight: Concordia University

For our final post on our 2012-2013 Key Chapter winners, we would like to highlight Concordia University for being bestowed this honor. During the 2012-2013 academic year, the Concordia University chapter hosted numerous events that pertained to academics, leadership and service. For the fall, the […]

Key Chapter Winner Highlight: University of California, Los Angeles

Key Chapter Winner Highlight: University of California, Los Angeles

We would like to highlight the University of California, Los Angeles chapter for being named a 2012-2013 Key Chapter winner.
Throughout the 2012-2013 academic year, the University of California, Los Angeles chapter held a wide array of events to benefit both their chapter and their community, however, two of which stood out amongst the rest.University of California Los Angeles_photo1 One of these events was the chapter’s participation in Relay for Life, which is hosted by the American Cancer Society. This event plays a large role at the University of California, Los Angeles. The money raised from the event goes towards cancer research and cancer patients. Students from multiple organizations participate in the spring event each year, so much so that UCLA is the Top Collegiate Relay in California and the seventeenth largest in the nation. For the past two years, UCLA has raised over $100,000 towards the fight with cancer. This occasion has become increasingly important to the Golden Key chapter in the past couple of years. Each member raises funds for months leading up to the event, and the chapter sets up a tent with activities for the twenty-four event, which helps to promote not only cancer awareness, but also camaraderie amongst the chapter and university students.
The University of California, Los Angeles Golden Key chapter also actively participates in Pathway, which is an extension of the university.UCLA It is a two-year certificate program that offers beneficial learning environment for intellectually disabled students. The program is taught by experienced instructors, but there is also room for volunteers to assist the students. The Golden Key chapter would assist these students by volunteered to tutor them and help them with their homework. This gave members the opportunity to use their knowledge and academic success to benefit others and gain a strong sense of fulfillment by helping students who are eager to learn. Witnessing the students learn and progress has been an incredible reward for the volunteers. Volunteering has also provided a beneficial step for the Golden Key collaborate with other clubs on campus and raise awareness of the chapter.
Congratulations to the University of California, Los Angeles chapter for their incredible service initiatives and dedication to improving their community!

Two Golden Key Members Named 2014 Rhodes Scholars

Two Golden Key Members Named 2014 Rhodes Scholars

Golden Key International Honour Society is proud to announce that the Mississippi State University chapter officer, Donald Brown, and Wake Forest University chapter alumni, James O’Connell, were named Rhodes Scholars on November 24, 2013! Both of these members will have the privilege to attend the […]