2017 MATC Scholars Program: Dr. Luis Vázquez
Larissa Sazama
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11/03/2017
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6
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Dr. Luis Vázquez, Regents Professor at New Mexico State University, presents on "Understanding Funding and Budgeting Finances". For more information, please visit http://matc.unl.edu/education/scholars-program2017.php.
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- [00:00:00.205]Good morning!
- [00:00:01.038]Good morning.
- [00:00:01.940]Say what?
- [00:00:02.821]Good morning!
- [00:00:04.033]All right, here we go.
- [00:00:05.814]Oh, (sighs) there's my clicker, okay.
- [00:00:09.668](sighs) I'm Dr. V.
- [00:00:11.648]Or you can call me Luis, you can call me Luis or Dr. V.
- [00:00:14.919]So I'm gonna talk to you about money
- [00:00:16.397]and how you understand your funding, okay?
- [00:00:18.552]So, here we go.
- [00:00:20.079]Oh, by the way in case you're wondering
- [00:00:21.665]what would I know about that?
- [00:00:23.351]I'm a psychologist, so I study people's behavior.
- [00:00:26.230]I study your behavior and how you spend your money.
- [00:00:28.243]I study your behavior on what you think is important
- [00:00:30.579]for you to spend your money on.
- [00:00:33.057]I also study behavior to take a look at
- [00:00:35.572]what are you doing and how do you make your decisions
- [00:00:37.579]and how that relates to what you're gonna do next?
- [00:00:40.588]Got it?
- [00:00:41.859]That's my job.
- [00:00:43.218]I'm not an engineer.
- [00:00:45.187]I help you become one.
- [00:00:48.222]You know I have to be nice to you all, okay?
- [00:00:51.276]So I'm gonna talk to you about...
- [00:00:54.164]I'm gonna present funding sources, budgeting basics,
- [00:00:57.516]and so, oh, do I need to stand in a certain place?
- [00:01:01.105]You can hear me good, okay.
- [00:01:02.758]I couldn't hear myself that's why I'm talking louder.
- [00:01:05.273](students commenting)
- [00:01:07.371]Well.
- [00:01:09.057]Man, technology man does this all the time.
- [00:01:11.704]Okay here you go.
- [00:01:13.027]I want you to know about your learning.
- [00:01:16.232]I want you to know about your funding sources,
- [00:01:18.492]your strategic managing, yes sir?
- [00:01:21.241](student asks question off microphone)
- [00:01:22.649]There's handouts coming around.
- [00:01:24.741]Okay.
- [00:01:25.932]Okay, the handouts say step one, step two,
- [00:01:29.746]step three, step four.
- [00:01:32.327]You should have one of each, step one,
- [00:01:34.709]step two, step three, step four.
- [00:01:39.015]You ready, you say it with me.
- [00:01:40.532]Step one.
- [00:01:41.684]Step two.
- [00:01:42.998]Step three, step four. Step three, step four.
- [00:01:45.178]Do you have a paper that says step one,
- [00:01:48.048]step two, step three, step four?
- [00:01:51.221]How many do, raise your hand?
- [00:01:54.088]Oh we're on the same page finally.
- [00:01:55.849]You got all four steps?
- [00:01:57.906]All right, now we're okay, now let's get going.
- [00:02:00.286]Are you ready now?
- [00:02:01.200]Yes. Okay now we're ready.
- [00:02:03.134]Okay.
- [00:02:04.287]My job is to make sure you reduce your student debt
- [00:02:06.712]and hopefully your loan debt and hopefully
- [00:02:08.630]you don't have any loan debt.
- [00:02:11.157]Limited ability to get loans, I want to limit that.
- [00:02:15.222]'Cause the last thing you need,
- [00:02:16.378]I have friends that graduated from college
- [00:02:18.270]and they owe over $200,000.
- [00:02:21.926]The highest majors that do not pay back their loans,
- [00:02:24.345]guess which ones they are?
- [00:02:27.150]No, medical doctors and lawyers,
- [00:02:29.039]they don't like to pay back their loans.
- [00:02:32.651]And the lawyers tie up the system in courts,
- [00:02:35.401]they don't have to pay their loans.
- [00:02:38.161]That's a true story, look it up, look it up.
- [00:02:40.013]Okay, funding is prestigious and looks good on resume.
- [00:02:42.913]You know what that means?
- [00:02:44.103]If you get a fellowship or a scholarship or grant
- [00:02:47.314]and you put it on your resume.
- [00:02:50.347]Luis Vazquez achieved this prestigious presidential
- [00:02:53.467]fellowship in the area of research
- [00:02:56.272]and technological studies.
- [00:02:58.371]Oh man when somebody sees that, when I see that
- [00:03:00.451]on a resume I go, "Whoa, man okay.
- [00:03:04.490]"I got a smart one here, all right."
- [00:03:06.917]Connection to faculty and mentors.
- [00:03:08.512]You see the faculty around you?
- [00:03:10.608]Okay.
- [00:03:12.219]If they have funding and they can help you
- [00:03:14.208]and you connect with them, oh my god,
- [00:03:16.671]they're gonna be the people to write you the references.
- [00:03:18.733]And then there'll be the people that say,
- [00:03:19.983]"This student's great.
- [00:03:21.309]"This student walks on water.
- [00:03:22.290]"This student can split the sea.
- [00:03:23.566]"And instead of going on vacation during their
- [00:03:26.971]"vacation time spring break they went on," what?
- [00:03:29.760]Stay-cations.
- [00:03:31.319]That means you stayed at home and studied.
- [00:03:32.976]Can you say that stay-cation?
- [00:03:34.628]Stay-cation. Stay-cation.
- [00:03:35.501]You don't want to say stay-cation.
- [00:03:37.136]You will when you're broke. (chuckles)
- [00:03:38.304](students laugh) Let me tell you.
- [00:03:40.031]Critical faculty, advising and projects.
- [00:03:43.778]Now this data I looked it up again
- [00:03:46.022]and it's still the same as 2012, so I decided,
- [00:03:48.583]let me keep it the same here.
- [00:03:50.309]So at the night one in 10 people right now
- [00:03:53.642]are gonna have a loan debt of $153,000, one in 10.
- [00:03:57.860]That's more than a lot of people's houses cost.
- [00:04:00.634]And that's just graduating, can you imagine?
- [00:04:03.999]One in 10.
- [00:04:05.108]One in four are gonna owe $100,000.
- [00:04:12.602]The average amount that people owe is $57,600.
- [00:04:15.551]And that's gone up to almost $60,000 now.
- [00:04:17.997]How much are you gonna owe?
- [00:04:19.681]Zero.
- [00:04:20.514]You're gonna try to go for zero.
- [00:04:22.254]You're trying to get that baby down.
- [00:04:24.100]So, federal loan by the way when you have loans,
- [00:04:28.203]subsidized and unsubsidized.
- [00:04:30.578]How many of you know what a subsidized loan is?
- [00:04:33.877]Yes ma'am.
- [00:04:36.207]Loud and clear, tell me.
- [00:04:38.461]Who me? (student laughs)
- [00:04:39.551]I'm here to learn Dr. V.
- [00:04:40.862]That's right.
- [00:04:41.893]Go ahead.
- [00:04:43.660]So while you're in school
- [00:04:46.786]you won't have to pay it back.
- [00:04:49.549]Until you graduate, yes.
- [00:04:51.353]And your interest is usually covered until you get out.
- [00:04:53.954]Okay, what's an unsubsidized loan?
- [00:04:57.677]It collects interest while--
- [00:04:58.870]Yeah that's right it collects interest
- [00:05:00.325]and they charge you.
- [00:05:01.846]So all of a sudden you get your financial aid you go,
- [00:05:03.546]"Whoa, whoa, whoa, whoa, what happened here
- [00:05:05.269]"I lost $300?"
- [00:05:06.742]Interest.
- [00:05:08.088]They take it out.
- [00:05:10.225]Parent plus, do you know what that means?
- [00:05:12.405]Your parents cosign for you, so you know what happens
- [00:05:13.824]when you don't pay that back?
- [00:05:15.545](students comment)
- [00:05:16.487]They call your parent, "You owe us money."
- [00:05:19.646]And I don't know about you, but my dad if I would have done
- [00:05:21.238]that, oh my god.
- [00:05:23.253](students chuckle)
- [00:05:24.086]So, here we go.
- [00:05:26.148]So this is the kind of overall debt in billions
- [00:05:28.426]for graduate education.
- [00:05:30.143]And this is billions.
- [00:05:32.033]Private loans, about 1.1,
- [00:05:34.208]1.0 billion dollars that we take out in loans.
- [00:05:38.887]But look at the unsubsidized, remember?
- [00:05:42.157]That's the one I told you that you had to pay
- [00:05:43.917]the interest and so forth as you go along.
- [00:05:46.716]15 billion that we're spending
- [00:05:48.775]in this country on that, 15 billion.
- [00:05:50.805]What do you think of that so far?
- [00:05:53.248]It's not good.
- [00:05:54.131]Not good, not good folks, so.
- [00:05:57.364]Now let's take a look to see who has the most debt.
- [00:06:00.730]Are you ready?
- [00:06:01.840]White students, look at that.
- [00:06:03.320]Doctoral, 38%
- [00:06:05.625]in debt,
- [00:06:08.104]for loans and 41% for the masters degree.
- [00:06:11.766]Latino students, Hispanic, 41%,
- [00:06:14.416]58% for the master's degree.
- [00:06:17.999]African American, black students,
- [00:06:19.969]62% for doctoral, 68% masters.
- [00:06:23.303]And of course Asian, 19% and 35%.
- [00:06:26.886]They spend the least.
- [00:06:28.789]Who spends the most?
- [00:06:30.093]Who takes out the most loans?
- [00:06:31.691]African Americans.
- [00:06:32.524]Yeah and who's second and close by.
- [00:06:35.553]White.
- [00:06:36.538]The Latinos, Hispanics and then you get up to white.
- [00:06:39.356]So guess what?
- [00:06:40.422]The two biggest groups that take out the most money
- [00:06:42.674]are African Americans and Latinos.
- [00:06:45.889]What do you think of that?
- [00:06:47.575](students crosstalk)
- [00:06:50.434]So.
- [00:06:51.662]For master's degrees students okay.
- [00:06:53.972]42% had no debt.
- [00:06:55.590]So what percent do you want to be part of?
- [00:06:57.767]The 42%. 42%.
- [00:06:58.790]And that's for the masters.
- [00:06:59.981]And doctorate 45% had no debt.
- [00:07:02.491]What percent do you want to be a part of?
- [00:07:04.253]The 45%. The 45%.
- [00:07:06.094]Because you do not want to be
- [00:07:09.137]the $80,000 or more, which is 13% for doctoral students
- [00:07:12.410]and 2% for the masters.
- [00:07:14.364]You do not want to be the $60,000 to $79,000, that's 11%.
- [00:07:20.224]21% over here.
- [00:07:22.994]So as you can see the $20,000 and the $60,000
- [00:07:26.318]seem to be the highest for the masters.
- [00:07:28.594]You do not want to be in those percentage.
- [00:07:30.687]If at all, if at all, if at all
- [00:07:33.903]and you have to, you want to be in the less than 20 grand
- [00:07:36.611]or not at all.
- [00:07:39.047]Because how much does a new car cost you?
- [00:07:43.075]How much is the average?
- [00:07:44.164]If you're gonna get a decent car, how much does it cost you?
- [00:07:46.763]I'm not talking about no Beamer,
- [00:07:48.058]I'm talking about something a Hundai, let's go Hundai.
- [00:07:51.454]Oh about $20,000. (students crosstalk)
- [00:07:54.080]Let's go KIA.
- [00:07:55.614]Probably 15 to 20.
- [00:07:56.447]$15,000 to $20,000.
- [00:07:57.675]And how long do you have that loan to pay off
- [00:08:00.050]that $15,000 to $20,000?
- [00:08:01.316]Five years. Five years.
- [00:08:02.402]So just imagine if you graduate
- [00:08:05.394]you could probably pay back your loan in five years.
- [00:08:08.564]And what's the difference?
- [00:08:10.293]The car gets depreciation by the time you pay it off,
- [00:08:12.803]if you paid 20 for it it's worth five.
- [00:08:16.124]By the time you pay off your master's degree
- [00:08:18.087]or your doctorate and you paid 20 for it,
- [00:08:20.388]what's it worth when you graduate?
- [00:08:23.472]It's forever, it is forever.
- [00:08:25.524]It's right here and it's right here
- [00:08:27.663]and you can use it out here.
- [00:08:29.710]That's the difference, that's the difference.
- [00:08:33.123]Okay, education related for doctoral recipients.
- [00:08:36.372]Again,
- [00:08:37.983]where do you want to be?
- [00:08:40.271]15.3%?
- [00:08:42.818]Yes, no debt.
- [00:08:44.953]As you can see it's the same song
- [00:08:46.636]over and over and over again.
- [00:08:48.371]So, let's talk about the different types of funding.
- [00:08:51.581]Let's talk about research and training,
- [00:08:53.436]scholarships, fellowships, teaching assistantships.
- [00:08:57.014]Let's talk about those things, here we go.
- [00:09:00.099]Three sets of training grants.
- [00:09:01.636]They are gifts.
- [00:09:02.743]Do you pay those back?
- [00:09:04.505]No.
- [00:09:05.404]Of course you don't.
- [00:09:06.922]That's nice money.
- [00:09:07.786]But what do they expect from you in return?
- [00:09:11.880](students crosstalk)
- [00:09:13.383]Well you got to maintain your grades, right?
- [00:09:14.793]What else?
- [00:09:18.518]Yes, you're working with the faculty.
- [00:09:21.409]How many of you have an excellent work ethic?
- [00:09:23.469]Everybody's hand better go up on this one.
- [00:09:26.693]Okay, I see some hands that did not go up.
- [00:09:31.604]I'm sorry, I meant faculty, too.
- [00:09:33.898](everyone laughs) That's for sure.
- [00:09:37.100]Okay, see these are gifts,
- [00:09:40.054]these are research and training they're like gifts
- [00:09:42.632]you don't pay them back,
- [00:09:43.714]but you get opportunities to do things with people
- [00:09:46.138]that you never thought you would.
- [00:09:48.303]I got to work with Dr. Ursula Delworth,
- [00:09:49.682]the number one in the country for psychologists.
- [00:09:52.101]Five foot three Irish Catholic woman.
- [00:09:53.913]She ran me into the ground doing research
- [00:09:56.701]and doing stuff with her.
- [00:09:57.711]But I learned so much.
- [00:09:59.636]And so what did I do?
- [00:10:00.665]I paid it forward, I paid it forward.
- [00:10:03.046]And that's what I started doing.
- [00:10:05.051]You're gonna have to keep up your grades,
- [00:10:07.603]and you're gonna have to do what you're supposed to do.
- [00:10:09.960]But you don't pay back.
- [00:10:12.459]Everybody say that with me, we don't pay back.
- [00:10:15.157]We don't pay back.
- [00:10:16.899]How do you pay?
- [00:10:18.096]By rolling it forward.
- [00:10:19.698]You pay forward.
- [00:10:20.761]Oh man you'd been a second, I was hoping you'd
- [00:10:22.339]get that on your own.
- [00:10:23.630]You don't pay back you pay,
- [00:10:25.481]Forward. Forward, there you go
- [00:10:26.829]you pay it forward.
- [00:10:28.162]And graduate school grants can be used towards travel,
- [00:10:29.954]research and so forth.
- [00:10:31.652]Scholarships, you do not pay back scholarships either.
- [00:10:36.019]Remember those words, grant, scholarship, no pay back.
- [00:10:40.137]Work hard, work ethic, good grades.
- [00:10:43.515]Going forward, making it happen.
- [00:10:46.509]That's how you have to think, okay?
- [00:10:48.315]Because see when I grew up.
- [00:10:50.578]I grew up, okay.
- [00:10:52.220]My father went up to seventh grade,
- [00:10:54.107]my mother went up to fourth grade, that's it.
- [00:10:56.214]My mother didn't know how to read or write.
- [00:10:57.487]She only spoke Spanish, they both did.
- [00:11:00.068]I have six younger brothers, two older sisters.
- [00:11:02.246]We grew up in a two bedroom house.
- [00:11:03.976]How much financial aid do you think my parents
- [00:11:05.622]could support me with?
- [00:11:06.996]None. Zero.
- [00:11:08.388]Oh yeah they did, they gave me all the love
- [00:11:09.840]and spirit and moral that I needed to say, go for it.
- [00:11:14.841]That's right, oh you mean financial.
- [00:11:16.072]Oh I'm sorry I got confused, 'cause to me,
- [00:11:18.337]the other part's just as valuable if not more.
- [00:11:21.455]Okay.
- [00:11:22.578]I used to call when I starving I'd say.
- [00:11:25.379]And they would call, "How you doing Luis?"
- [00:11:26.744]I go, you know they only spoke Spanish,
- [00:11:29.130]but I'm gonna do it you in English,
- [00:11:29.963]all right not everybody in here's bilingual.
- [00:11:32.203]They go, "Oh how you doing?"
- [00:11:33.539]"You know, I'm doing great dad."
- [00:11:35.720]I'd hang up and (cries) I got nothing to eat.
- [00:11:38.969]I had pride, I had pride (students crosstalk)
- [00:11:41.368]and I was hurting.
- [00:11:43.425]But I made it okay.
- [00:11:45.110]For a whole month I ate peanut butter and jelly,
- [00:11:46.394]breakfast, lunch and dinner.
- [00:11:49.016]And now I look at peanut butter sandwich, oh man.
- [00:11:51.327]I just, "Ew."
- [00:11:53.029]But I survived until I got my first paycheck, okay.
- [00:11:56.448]So.
- [00:11:57.396]Scholarships, you got to get scholarships.
- [00:11:59.166]You don't pay those back.
- [00:12:00.523]Okay, scholarships vary in their amounts and number.
- [00:12:02.932]Sometimes you get them for a year,
- [00:12:04.866]sometimes you get them for two years,
- [00:12:05.769]sometimes you go to apply every year.
- [00:12:07.693]You got to stay on top of those things, folks.
- [00:12:10.441]You do not let these things go.
- [00:12:12.531]And you apply for everything!
- [00:12:13.953]Do the paperwork.
- [00:12:15.104]I always get student, "Okay, I got these 15 areas
- [00:12:18.306]"that you need to apply to get scholarship in grad."
- [00:12:21.393]Guess what the students tell me?
- [00:12:24.126]"We got to do paperwork, oh my god the paperwork."
- [00:12:27.596]But you know what?
- [00:12:28.429]When they get one of them and they get $20,000, $30,000
- [00:12:30.804]they go, "Wow, Dr. V man, check this out.
- [00:12:33.596]"I'm getting a check for 50 grand here
- [00:12:35.364]"to be here and graduate school."
- [00:12:37.455]Then they're smiling.
- [00:12:38.592]And how long did they spend to do the paperwork?
- [00:12:41.461]A half hour.
- [00:12:43.302]Who in the heck
- [00:12:45.308]works for a half hour and gets back 50 grand?
- [00:12:48.749]Or how many papers you fill out for a half hour
- [00:12:51.757]and you get 20 grand, 15 grand, 10 grand, 5 grand?
- [00:12:56.645]Take the time folks, take the time.
- [00:13:00.621]Okay, scholarships could be awarded through your school
- [00:13:02.840]or through private sources.
- [00:13:03.876]I got one through the Hispanic Ford Foundation.
- [00:13:07.397]And they paid all my tuition for the year.
- [00:13:08.923]But it was only one.
- [00:13:10.734]Man, I read the fine print and it says
- [00:13:11.801]you can only be awarded one time, one year, that's it.
- [00:13:15.412](students laugh)
- [00:13:16.563]Thank god I read that because I started applying
- [00:13:17.932]for everything else, too.
- [00:13:19.512]Okay, there are generally three types of fellowships,
- [00:13:21.652]recruitment, by the way recruitment fellowships
- [00:13:24.199]that means, "We want you, we gotta have you.
- [00:13:26.459]"You're the kind of student we want in our university.
- [00:13:28.551]"You're the one that's gonna help us change the world.
- [00:13:30.230]"You're the one that we need to be here to go forward.
- [00:13:33.231]"But we're only gonna give you
- [00:13:35.028]"a fellowship for one year."
- [00:13:36.628]That's called recruitment fellowship.
- [00:13:38.485]"We're gonna take care of you for one year."
- [00:13:40.251]So what do you need to do?
- [00:13:42.302]Apply. Apply for more.
- [00:13:43.328]Apply for more and you need to find out
- [00:13:44.894]what are the types of funding,
- [00:13:46.987]what are other types of funding within the university
- [00:13:50.192]I can apply for, how do I apply for them?
- [00:13:52.786]Who do I need to talk to?
- [00:13:53.975]When do I need to talk to them?
- [00:13:55.248]How do I put this together?
- [00:13:56.724]When do I put it together?
- [00:13:58.657]So.
- [00:13:59.720]Special needs.
- [00:14:00.889]Do you know what special needs are?
- [00:14:03.144]We need a bunch, okay like for instance right now
- [00:14:04.796]there's a lot of money going out for STEM fields.
- [00:14:08.205]You know what STEM is right?
- [00:14:09.038]You better know what STEM is.
- [00:14:10.032]Science, technology, engineering--
- [00:14:11.720]Yeah.
- [00:14:12.953]And STEM-H, what's H?
- [00:14:14.270]Health.
- [00:14:15.103]Health, very good oh my god, okay.
- [00:14:17.760]I have a very intelligent group here.
- [00:14:18.829]I'm happy here, I'm happy.
- [00:14:20.760]Okay, so.
- [00:14:23.060]They'll be monies that'll say,
- [00:14:24.498]"We need some more scientists or we need some
- [00:14:27.016]"more technologists or we need some more engineers.
- [00:14:29.186]"So we're gonna set aside 50 million dollars for this year
- [00:14:32.424]"to bring in at least 100 students through scholarships,
- [00:14:35.913]'and so forth and fellowships to make sure
- [00:14:38.794]"that we can pay them to be here."
- [00:14:41.607]Those are nice.
- [00:14:42.657]But again what do you need to find out?
- [00:14:46.427]How long are they?
- [00:14:49.791]How long are they?
- [00:14:53.664]Okay, fellowships.
- [00:14:55.646]Undergraduate, to graduate to post graduate students,
- [00:14:58.311]awarded by private organizations.
- [00:15:00.363]You can get a stipend for one to four years.
- [00:15:02.169]But by the way if you get a fellowship,
- [00:15:04.229]what's the other question that you need to ask?
- [00:15:07.252]Does it cover
- [00:15:09.395]my tuition?
- [00:15:12.569]Does it cover my tuition?
- [00:15:14.501]Some universities will give you a tuition waver.
- [00:15:17.749]What this means is you might get $20,000, $30,000
- [00:15:20.265]and then they say, but the out of state tuition is what?
- [00:15:24.000]$35,000, $20,000, $15,000
- [00:15:27.483]depending where you go to school.
- [00:15:28.645]You go to public school it's usually cheaper,
- [00:15:30.499]you go to private school, it's usually more.
- [00:15:33.087]If you go to Stanford, Berkeley, Harvard, MIT.
- [00:15:37.525]Princeton, am I missing?
- [00:15:39.832]Stanford, no I already said Stanford huh?
- [00:15:41.208]Yale.
- [00:15:42.041]Okay I went to Big 10.
- [00:15:44.428]Many of your college here went all over and guess what?
- [00:15:47.391]Here we are with you.
- [00:15:49.312]Here we are with you.
- [00:15:50.796]So you have to see, and Yale, yeah you're right.
- [00:15:53.454]How many know about the Gates Millennium Scholarship?
- [00:15:56.782]Okay.
- [00:15:57.827](student comments)
- [00:15:59.035]What you call?
- [00:15:59.868]I said I've heard of it.
- [00:16:00.771]Yeah well.
- [00:16:01.686]If you ever apply for one of those,
- [00:16:03.531]those things pay for your bachelors
- [00:16:05.121]your masters and your doctorate straight through
- [00:16:07.277]tuition and everything.
- [00:16:09.991]Can you repeat that louder?
- [00:16:11.679]Gates oh!
- [00:16:13.977]Gates Millennium Scholarship.
- [00:16:16.607]Ask your people about that, they should know about that.
- [00:16:18.947]But usually start them out in high school,
- [00:16:19.989]but now they're making some,
- [00:16:21.388]some variations to it, so you can get it.
- [00:16:23.996]Some can go from the bachelor's on.
- [00:16:26.949]Okay so you got to check, you got to check,
- [00:16:28.736]'cause they change the rules on these things, okay.
- [00:16:30.952]But the ones that got it for the bachelor's,
- [00:16:32.912]I ended up sending two students
- [00:16:33.746]after they graduated from us.
- [00:16:35.632]I sent one to Stanford, I sent one to Harvard
- [00:16:38.775]and one to UC Davis.
- [00:16:40.433]And then they all came to us to get a doctorate
- [00:16:41.933]from us later.
- [00:16:44.427]And it was all paid.
- [00:16:46.640]It was all paid.
- [00:16:50.339]The Spanish Four Foundation grant, that's another one.
- [00:16:52.892]Nobody applies for those.
- [00:16:54.030]Many times these organizations the money sits,
- [00:16:56.910]nobody applies for them so they have them next year.
- [00:17:00.270]Because we won't spend how much time
- [00:17:01.349]to fill out the paperwork?
- [00:17:03.189]30 minutes. Half hour.
- [00:17:04.022]About 30 minutes to fill it out,
- [00:17:05.070]we won't do it, we won't do it.
- [00:17:06.571]Okay, teaching assistantships.
- [00:17:08.225]I love this.
- [00:17:09.426]You know what you get to do with this?
- [00:17:11.189]You get to be in front of a classroom
- [00:17:12.673]just like yourselves and you get to teach.
- [00:17:14.552]Isn't that exciting? Yes.
- [00:17:15.654]Can you imagine?
- [00:17:17.171]You finally get to tell undergraduates what you thought
- [00:17:19.666]when you used to be an undergraduate.
- [00:17:22.948]Sometimes you need to grade papers.
- [00:17:25.214]Sometimes you need to teach.
- [00:17:26.638]Sometimes you run laboratories.
- [00:17:28.240]Sometimes you make sure that everybody learns
- [00:17:29.884]what they're supposed to learn.
- [00:17:31.583]And that's with teaching assistantship
- [00:17:33.675]and graduate assistantships, too.
- [00:17:35.608]By the way most of them on our campus
- [00:17:36.873]we pay $7,500 just like it says there
- [00:17:39.177]and $20,000 for the year.
- [00:17:40.978]That's for 20 hours of work a week.
- [00:17:43.399]Now, in my day
- [00:17:46.401]we didn't have a union or anything.
- [00:17:47.686]There's no such thing for grad student, is there?
- [00:17:50.357]But does some place unions for graduate students,
- [00:17:51.551]they don't have it, right?
- [00:17:52.900]Okay in my day
- [00:17:54.175]when I got my 20 hours a week,
- [00:17:55.530]I really ended up working 40 to 50, I'm not gonna lie.
- [00:17:59.128]You're not supposed to do that.
- [00:18:00.114]Okay, I don't do that to my students.
- [00:18:01.358]I say 20 hours, 20 hours.
- [00:18:04.204]But you end up working with a professor.
- [00:18:06.327]You end up helping him grade papers,
- [00:18:07.447]you end up being in the lab.
- [00:18:09.007]You're making sure that students don't burn
- [00:18:10.252]themselves in the lab.
- [00:18:11.683]Last year I had a student that didn't follow the rules
- [00:18:13.379]and they're using a laser within the lab
- [00:18:15.185]and they burned part of their retina,
- [00:18:17.398]'cause they weren't wearing their goggles.
- [00:18:19.629]Well I have students just like yourselves
- [00:18:21.728]that want to go work in the chem lab
- [00:18:23.897]and they walk in with flip flops.
- [00:18:26.853]And one of them dropped acid on their toe.
- [00:18:28.701]Oo.
- [00:18:29.567]Yes and I had to go and we had to fill out
- [00:18:31.579]all this paperwork and then legal had to be involved,
- [00:18:34.197]workman's comp and, so see
- [00:18:36.580]when you end up working lab and so forth
- [00:18:37.863]and you're the one in charge as a research assistant
- [00:18:40.200]or the graduate assistant, you oversee all those things.
- [00:18:43.322]So you have a lot of responsibility.
- [00:18:45.506]Teachers assistantships can vary,
- [00:18:47.640]you run labs and so forth.
- [00:18:49.449]Ah, graduate assistantships.
- [00:18:51.302]Why become a research assistant, do you know why?
- [00:18:56.301]You know why?
- [00:18:57.452]He was meditating.
- [00:18:58.285]Why become a research assistant?
- [00:19:00.347]I know you're meditating in the clouds and.
- [00:19:03.754](everyone laughs)
- [00:19:06.549]You think I was gonna bust you, huh?
- [00:19:09.378]Why become a research assistant?
- [00:19:10.767]You have great professors here.
- [00:19:12.789]Why would you want to work for them?
- [00:19:15.210](student comments)
- [00:19:16.045]What's the benefit?
- [00:19:17.212]You gain experience and knowledge.
- [00:19:18.899]You gain experience and knowledge at doing what?
- [00:19:21.240]Changing the world.
- [00:19:22.771]Changing the world.
- [00:19:24.295]You're doing research for a greater good.
- [00:19:26.470]Now you're in there doing experiments with them.
- [00:19:28.896]You can do all kinds of research like here
- [00:19:29.986]they had the MidAmerica transportation center.
- [00:19:32.118]You get to see how people's behavior react behind the wheel
- [00:19:34.749]you know the car-nites and so forth.
- [00:19:36.623]And you can manipulate those things to see
- [00:19:38.071]and you can intervene to try and prevent accidents.
- [00:19:40.495]All kinds of types of research.
- [00:19:42.502]This is where it's great.
- [00:19:44.140]And by the way it benefits the faculty.
- [00:19:46.565]And if you're really good at it, guess what happens?
- [00:19:48.735]Guess who writes you the reference?
- [00:19:50.879]My professors. The professor.
- [00:19:51.783]All these professors here would be the ones
- [00:19:53.262]who write you the reference when you go to
- [00:19:54.482]apply for your job.
- [00:19:56.628]That's what you do.
- [00:19:58.903]Risks of losing funding.
- [00:20:00.759]Okay, what do you have to do to keep up your funding?
- [00:20:03.299]Number one.
- [00:20:04.616]GPA. GPA.
- [00:20:05.451]GPA, number two.
- [00:20:08.885]Number two?
- [00:20:10.221](student answers)
- [00:20:11.635]Okay, that's a part of it.
- [00:20:13.112]Number three.
- [00:20:13.999](crosstalk)
- [00:20:15.511]Hey don't you have to show up?
- [00:20:17.508]So what kind of work ethic do you need?
- [00:20:19.900](students crosstalk)
- [00:20:20.733]Exactly.
- [00:20:21.802]You need to show everybody you want to be there,
- [00:20:23.688]you'd love to be there and you can do
- [00:20:25.325]your best when your there, okay?
- [00:20:27.911]Plus agency program, okay.
- [00:20:30.160]What if your financial aid ends?
- [00:20:32.382]Or what if your graduate assistantship is gonna end?
- [00:20:35.134]Most of us professors, I'll tell my students,
- [00:20:37.766]my grant's ending next semester in the spring.
- [00:20:40.354]I tell them this in the fall.
- [00:20:41.675]So let me try to help you get something else
- [00:20:44.105]while I'm writing another grant, we'll see.
- [00:20:46.035]Because if I can't transition to a new grant
- [00:20:48.261]then I make sure that I help them get
- [00:20:50.439]something else with somebody else.
- [00:20:52.413]Usually they get to stay with me,
- [00:20:53.865]usually I do pretty good with my funding.
- [00:20:55.834]But sometimes that happens, sometimes that happens.
- [00:20:58.813]Changing, some of our faculty, we leave.
- [00:21:03.619]And some of us take our grants with us.
- [00:21:06.786]So unless you're gonna go to the same university
- [00:21:07.822]we go to,
- [00:21:10.438]you know the money doesn't follow.
- [00:21:11.709]Yes, sir.
- [00:21:12.542]So does the grant go to the department
- [00:21:13.920]or does it go to the professor?
- [00:21:15.604]It depends.
- [00:21:16.437]Some grants, the professors have some grants
- [00:21:18.168]go to department and the university and the college,
- [00:21:20.592]some grants professors can take them.
- [00:21:22.527]Some grants they have to stay so a new person takes over.
- [00:21:26.268]It depends, it depends.
- [00:21:29.105]But what's the key to all this?
- [00:21:30.077]You need to know what?
- [00:21:31.885]What it is.
- [00:21:32.718]What it is, what it is.
- [00:21:34.824]You don't want to wait until the end of the semester
- [00:21:36.019]and say, "Oh man I don't have no money for next semester.
- [00:21:38.274]"What am I gonna do?
- [00:21:39.403]"Well I know, I'll take out a $30,000
- [00:21:42.277]"loan and take care of it, unsubsidized."
- [00:21:46.927]Okay.
- [00:21:48.596]Okay, budgeting.
- [00:21:49.986]Budget basics, we're gonna talk about budget basics,
- [00:21:52.469]saving for a bad semester.
- [00:21:54.025]Then we're gonna talk about investment and common mistakes.
- [00:21:57.155]How much can you count on?
- [00:21:58.940]What are your monthly expenses?
- [00:21:59.941]How many of you know how much it costs you
- [00:22:01.401]to live each month?
- [00:22:02.448]How much, average?
- [00:22:04.784]For a month? For me?
- [00:22:06.053]Yes.
- [00:22:06.886]For me, myself. In general.
- [00:22:07.719]Yes.
- [00:22:08.552]Maybe like $800.
- [00:22:09.385]As far as fuel and gas--
- [00:22:10.354]Everything, how much?
- [00:22:12.700]On average-- $2,500.
- [00:22:14.853]$2,500, $2,500?
- [00:22:16.723]I would say-- I mean rent
- [00:22:18.023]is $1,000 by itself.
- [00:22:20.045](students crosstalk)
- [00:22:21.071]Whoa, whoa, okay, wait a minute, wait a minute!
- [00:22:22.843]Wait a minute, wait a minute, wait, okay.
- [00:22:24.875](students crosstalk)
- [00:22:27.213]Okay wait a minute.
- [00:22:29.387]Hey!
- [00:22:30.317]$2,500 for a month for rent, oh my god!
- [00:22:33.432]Rent is $1,000 it's the other--
- [00:22:35.189]$1,000!
- [00:22:36.725]You better have a workout room and a swimming pool,
- [00:22:41.564]oh my god!
- [00:22:43.158](crosstalk)
- [00:22:44.906]Wait a minute, that's not by yourself, right?
- [00:22:46.817]No, no, no.
- [00:22:48.384]Okay you didn't say that now, you didn't say that.
- [00:22:50.333]You said $1,000.
- [00:22:52.469](high-pitched student and crosstalk)
- [00:22:55.464]You know when you tell me I need $1,000 to live I go,
- [00:22:58.461]"Man, that's almost as much as my mortgage, man!"
- [00:23:01.536]$1,000?!
- [00:23:02.647]Yeah.
- [00:23:04.265]But when you tell me there's four people,
- [00:23:06.239]at $250 a piece, cool.
- [00:23:08.818](students crosstalk)
- [00:23:10.972]All right, all right, wow man!
- [00:23:15.539]I lived in the barrios, man I don't know.
- [00:23:17.554](students laughing)
- [00:23:18.387]Okay, you're question.
- [00:23:20.279]When you said how would it cost a month to live,
- [00:23:23.065]are you talking about rent or rent and expenses?
- [00:23:25.452]Okay when I say how much it cost a month, it's everything.
- [00:23:27.986]And we're gonna get to that.
- [00:23:28.917]I'm gonna show you how to figure this out, too.
- [00:23:31.053]'Cause you need to be able to know to do this.
- [00:23:34.712]We're gonna go over your percentages and so forth,
- [00:23:37.251]zero based budgeting.
- [00:23:38.477]How many know what zero based budgeting is?
- [00:23:40.613]No debt. Huh?
- [00:23:42.256]No debt, what does it mean at the end what does it mean?
- [00:23:45.590]It means that you account for every dollar
- [00:23:47.446]and it either goes to like a savings or expenses.
- [00:23:51.100]Yes and also at the end of your budget it says what?
- [00:23:55.323]Zero, that means you broke even.
- [00:23:58.313]You'll hopefully be in the black.
- [00:23:59.346]Okay, which means that you have extra money to do stuff.
- [00:24:02.143]And that's when you do go on vacations you go on what?
- [00:24:05.634]A stay-cation. A stay-cation.
- [00:24:06.501]Again?
- [00:24:07.375]A stay-cation. A stay-cation.
- [00:24:08.208]All right, okay, now we're getting there.
- [00:24:10.792]Now I'm gonna show you how to use this.
- [00:24:12.179]And the only reason I put this in here
- [00:24:13.823]is because it's really helpful.
- [00:24:16.409]This is online, now watch what happens.
- [00:24:20.806]Come on, come on.
- [00:24:23.576]Okay.
- [00:24:25.521]And then how do I get this thing over here?
- [00:24:27.263]I think I get it, ah let me see here.
- [00:24:32.331]Hm.
- [00:24:34.321]Let me see, did it come up on here?
- [00:24:37.869]No it didn't come up on here did it?
- [00:24:39.183]Let me see if I can do this.
- [00:24:42.267]Ah, there it goes, okay.
- [00:24:43.973]When you go online
- [00:24:45.865]this little thing here, does everything for you.
- [00:24:48.814]All you got to do is put numbers in.
- [00:24:49.795]Are you ready look?
- [00:24:51.522]Step one and you all have the sheets in front of you,
- [00:24:53.511]so grab your sheet out.
- [00:24:55.728]Step one, what does it say?
- [00:24:58.109]Scholarships. Scholarships.
- [00:24:59.311]Right, so you put in how much you're getting
- [00:25:01.028]for each one.
- [00:25:01.861]Scholarships, teaching assistantships, off campus.
- [00:25:04.116]You could do this on your own at home,
- [00:25:06.129]this is why I give it to you.
- [00:25:07.290]But for instance I could put in here what $700.
- [00:25:11.275]And I could put in here with assistantship, $2,500.
- [00:25:15.373]These are just imaginary numbers.
- [00:25:17.596]I could put an off campus job,
- [00:25:20.631]None.
- [00:25:21.494](students laugh)
- [00:25:23.583]Because you're already working with, okay.
- [00:25:25.074]But look what started happening.
- [00:25:26.160]It started to total it for you already.
- [00:25:27.926]You see?
- [00:25:28.759]This is just like accounting only this does it for you.
- [00:25:31.326]Okay, other family and loans.
- [00:25:33.547]Okay, mine was zero.
- [00:25:36.317]Okay, step two.
- [00:25:38.787]Here we go.
- [00:25:40.732]Let me see, let me get this down here.
- [00:25:42.512]Okay, zero look.
- [00:25:44.115]How much for rent?
- [00:25:45.508]Okay, wait a minute this was $1,000, right you said?
- [00:25:47.366](students laugh)
- [00:25:48.199]Yes. $1,000.
- [00:25:50.182](girl laughing)
- [00:25:52.238]$1,000 right?
- [00:25:54.459]Utilities.
- [00:25:55.673]It's included. (crosstalk)
- [00:25:57.036]It's included. Cable is like--
- [00:25:59.376]You got cable?!
- [00:26:00.742]Heck yeah!
- [00:26:01.887]Oh my god!
- [00:26:03.420](students crosstalk)
- [00:26:06.990]No, cable and wi-fi's like $220.
- [00:26:09.188]Oh my god! (coughs)
- [00:26:12.512]We didn't even know what cable was when I was my age.
- [00:26:18.970]Okay, let's put utilities $350.
- [00:26:21.545]Groceries, how much you think you eat?
- [00:26:23.464]And I'm not talking eating out, I'm talking at home.
- [00:26:26.592]Maybe $150 or so. (students chattering)
- [00:26:28.222]$150, okay we'll put that in.
- [00:26:29.549]Yeah I was gonna say $150.
- [00:26:30.586]Okay, child care.
- [00:26:32.604]Child care?
- [00:26:33.437]Zero. Zero.
- [00:26:35.503]Oh you're thinking ahead. (students crosstalk)
- [00:26:36.543]I know where the money coming--
- [00:26:37.873]All right, all right.
- [00:26:40.007]So look, it already totaled it for me right here.
- [00:26:42.873]Now watch what happens in step three.
- [00:26:44.752]Okay, I didn't put everything in there, but step three.
- [00:26:47.015]Books and supplies.
- [00:26:48.176]Most places you'll spend anywhere from $500 to $1,500
- [00:26:50.529]a semester for books and supplies.
- [00:26:51.973](students crosstalk) Huh?
- [00:26:54.933]PDF. PDFs.
- [00:26:57.719]Okay, I'm sorry I was old school, my apologies.
- [00:27:01.692]Okay, PDF, you can rent books now for $20, $30 right?
- [00:27:06.487]Still?
- [00:27:07.320]I don't pay nothing for books.
- [00:27:08.153]I don't nothing for books. Nothing?
- [00:27:09.847]Okay we'll leave that blank.
- [00:27:11.441]Car registration. (students crosstalk)
- [00:27:13.138]Okay, everybody up here, car registration?
- [00:27:16.637]No you shouldn't have a car, man.
- [00:27:17.763]You're too poor to have one.
- [00:27:18.660]What?! What about gas?
- [00:27:20.038]Okay, no well see if you get a car
- [00:27:21.862]what you got to do?
- [00:27:23.137]Gas. Car insurance,
- [00:27:24.222]maintenance,
- [00:27:25.667]gas.
- [00:27:27.314]And if you live in Omaha, a garage to park your car in,
- [00:27:30.684]'cause it's not gonna start in winter anyway,
- [00:27:32.902]so you're gonna have to walk anyways,
- [00:27:34.065]so what's the difference?
- [00:27:36.246]Okay, so add all that together, that alone.
- [00:27:39.611]Oh and car payment.
- [00:27:41.100]That alone you could spend up to $1,500 a month easy.
- [00:27:44.375]Mm-hm. Easy.
- [00:27:45.792]Easy.
- [00:27:47.151]Unless you get what?
- [00:27:48.998]I had a VW
- [00:27:50.972]Beetle back in my day.
- [00:27:53.021]Except I couldn't use it in the winter.
- [00:27:54.912]It's the only car that started, but no heat.
- [00:27:57.260]No air conditioning, you sweat it out.
- [00:28:01.628]Believe it or not in the old days
- [00:28:02.987]cars didn't have air conditioning.
- [00:28:04.459](students laughs)
- [00:28:05.564]Oh my god! (laughs)
- [00:28:07.919]So anyway, and that VW I bought it for $500
- [00:28:10.678]and I was paying $50 a month.
- [00:28:12.605]But by the time I got insurance and everything else.
- [00:28:16.415]And then you have moving expenses.
- [00:28:19.519]When I moved I had two sacks of grocery bags,
- [00:28:22.719]clothes, pots and pans and my guitar.
- [00:28:26.124]Okay, lab and so forth.
- [00:28:28.059]So what you do, oh here vacation.
- [00:28:31.010]I need to change this to what?
- [00:28:32.244]Stay-cation. Stay-cation.
- [00:28:33.214]Stay-cation.
- [00:28:35.045]By the way when I say stay-cation
- [00:28:37.013]that doesn't mean you can't visit your family.
- [00:28:39.509]You just don't go anywhere where you got to spend money.
- [00:28:42.711]All right, here we go.
- [00:28:44.131]So then you add this together.
- [00:28:46.853]Okay now let's go to the next step here.
- [00:28:48.637]Here we go.
- [00:28:50.687]Okay, look at that.
- [00:28:52.252]$1,800 I spent and that was just me messing around.
- [00:28:56.022]My balance, guess what? Negative.
- [00:28:58.420]Negative yeah because That's 'cause they--
- [00:29:00.523]what ended up happening here.
- [00:29:01.733]Here, let me take this out of here,
- [00:29:04.118]so we can see this here. (students chattering)
- [00:29:06.176]Here, let me get this out of here.
- [00:29:08.725]Okay, how do I get to, okay here we go.
- [00:29:10.385]Okay and let me move this over here.
- [00:29:14.411]Because you see.
- [00:29:16.258]I did this on purpose by the way, you know why?
- [00:29:18.646]'Cause look, this thing will tell you, take note.
- [00:29:20.903]Your expenses are higher than your total available funding.
- [00:29:24.707]Consider reducing your monthly annual expenses
- [00:29:26.853]or obtain the additional funding,
- [00:29:28.248]so that you may meet your personal
- [00:29:29.772]and educational related expenses.
- [00:29:32.081]This application will tell you when you're over
- [00:29:36.797]and it will tell when you're overspent
- [00:29:38.404]and it will show you where it's at.
- [00:29:40.537]How did you know you were over?
- [00:29:42.060]I saw the question in step--
- [00:29:43.742]Yeah, yeah because remember I had step one.
- [00:29:45.916]Okay, when I put my scholarships and money I receive.
- [00:29:48.463]And then step two I did all my,
- [00:29:51.589]all my mortgage, I mean my rent and my car and all that.
- [00:29:55.773]Step three,
- [00:29:57.621]things I would have to buy for school,
- [00:29:59.180]my books and so forth, insurance.
- [00:30:00.793]And guess what?
- [00:30:02.226]The money I started out with was not enough.
- [00:30:04.599]So this thing tells me what?
- [00:30:06.821]Get more scholarships.
- [00:30:08.110]So got to go back either fix it,
- [00:30:09.270]get more money or readjust.
- [00:30:11.783]Yeah.
- [00:30:12.616]And this is even with a stay-cation.
- [00:30:15.049]That make sense?
- [00:30:16.498]Mm-hm. Yes.
- [00:30:20.232]Okay, well I'm gonna keep going here.
- [00:30:22.957]You got to save for a rainy day.
- [00:30:24.182]You know what that means?
- [00:30:25.435]Yeah.
- [00:30:26.268]You need to set aside some money,
- [00:30:27.101]because you never know when an emergency happens.
- [00:30:29.657]An emergency happens is when what?
- [00:30:31.229]What's an emergency?
- [00:30:32.583]Life happens. Your arm breaks.
- [00:30:33.921]Life happens. (student laughs)
- [00:30:35.937]Life happens.
- [00:30:36.770](students laughing)
- [00:30:38.079]Okay so when life happens, you should be able to,
- [00:30:40.225]like if you're getting $7,500, you know
- [00:30:43.881]a semester, you should be able to save at least 1/3 of that.
- [00:30:48.638]At least 1/3 of that.
- [00:30:49.853]And you say, "What?!"
- [00:30:51.325]Yes.
- [00:30:52.552]When you go to movies where do you go?
- [00:30:54.362]I go to the dollar movies on Wednesdays where I live.
- [00:30:57.238]And I work.
- [00:30:59.531]Or I get coupons or I go to Hulu.
- [00:31:02.938]Hulu. Yes, sure.
- [00:31:03.980]And you know how I do that?
- [00:31:04.813]I go to the library.
- [00:31:05.896]They got free wi-fi at the library,
- [00:31:07.020]so I watch my movies in there with popcorn.
- [00:31:09.190](students laugh)
- [00:31:10.459]Well you can take food to the library now, so it's okay.
- [00:31:14.002]And so you save for those emergencies.
- [00:31:16.923]What if you get into a car accident?
- [00:31:19.753]You better pray if you have a car accident,
- [00:31:22.595]you better pray
- [00:31:24.483]that you have uninsured motorist insurance
- [00:31:27.855]for the other person.
- [00:31:29.270]Because that's what's gonna help you
- [00:31:31.490]when these things happen.
- [00:31:34.119]You can lose your stipend, unplanned expenses.
- [00:31:38.034]You must save, okay here we go.
- [00:31:40.694]For a bad semester you got to take care.
- [00:31:43.199]And you have to make sure.
- [00:31:45.095]In my case my mother and father couldn't come save me.
- [00:31:48.404]I had to save myself.
- [00:31:50.741]But they helped me and they gave me
- [00:31:52.376]the greatest gift of all.
- [00:31:54.098]They gave me endurance,
- [00:31:56.691]motivation,
- [00:31:58.328]a high tolerance for psychological pain and pride.
- [00:32:03.254]And when I say psychological pain.
- [00:32:05.222]How many of you have sat in class and you study
- [00:32:07.878]for an exam after class and had to cry because you think,
- [00:32:10.596]"Oh my god, it's do hard," how many?
- [00:32:12.280]Now be honest.
- [00:32:13.656]Okay. (student chuckles)
- [00:32:14.875]That is psychological pain!
- [00:32:17.019]So we study to make that go away, okay.
- [00:32:22.276]Oh man, something happened here again.
- [00:32:24.961]Oh well.
- [00:32:28.036]It doesn't like us. (students chattering)
- [00:32:29.491]Okay, so what's the moral of the story?
- [00:32:31.698]Save. Save.
- [00:32:32.531]What's the moral of the story?
- [00:32:33.381]Save more than you spend. Save more.
- [00:32:34.301]Okay.
- [00:32:35.990]Are you gonna go on vacation or?
- [00:32:38.254]Stay-cation. Stay-cation.
- [00:32:39.566]Vacation or?
- [00:32:40.572]Stay-cation. Stay-cation.
- [00:32:41.405]Okay, do you need a car?
- [00:32:43.437]No. Yes.
- [00:32:44.519]Okay, let, let, let, let me try this.
- [00:32:47.269]Do you need a car?
- [00:32:48.231]No. Not really, not really.
- [00:32:50.901]Do you want a car?
- [00:32:52.172]Yes. Yes, sir.
- [00:32:53.005]That could be.
- [00:32:54.415]Okay, but if you want a car what do you got to think about?
- [00:32:56.892]Expenses. Gas.
- [00:32:58.201]Expenses for that car.
- [00:32:59.884]Exactly.
- [00:33:01.108]Okay, what about if you get a fellowship, what happens?
- [00:33:03.945]Remind me. (students comment)
- [00:33:05.113]And what do you want to make sure with that fellowship?
- [00:33:06.633]It covers your education. It covers your tuition.
- [00:33:07.672]It covers your education and for how long, right?
- [00:33:10.129]Yup. Yeah.
- [00:33:11.405]Okay teacher assistantship, what do you need to know?
- [00:33:14.250]Your responsibilities.
- [00:33:15.444]Your responsibilities and?
- [00:33:16.810]How many hours?
- [00:33:17.643]Okay, what do you need to keep your grants
- [00:33:19.564]and scholarships, what's the most.
- [00:33:20.725](crosstalk)
- [00:33:21.558]Okay, let's go first, GPA.
- [00:33:23.745]Hard work ethic. Work ethic.
- [00:33:25.674]Work ethic. Show up.
- [00:33:27.422]Show up, well that's a good,
- [00:33:28.671]that's part of the work ethic.
- [00:33:29.724](students laugh)
- [00:33:32.438]And most of all, graduate school's tough, but you know what?
- [00:33:36.502]If you do these kinds of things
- [00:33:37.944]and you take care of yourself,
- [00:33:39.399]we as professors will also help you too,
- [00:33:41.986]you'll be successful.
- [00:33:43.113]And then when you get to be our level,
- [00:33:45.536]guess what you do, what do you do?
- [00:33:48.095]Help others.
- [00:33:48.928]Yeah you pay it forward.
- [00:33:51.119]My wife and I donate, my wife and I donate
- [00:33:53.673]to the school psychology program that she founded.
- [00:33:55.794]We get money back, you know why?
- [00:33:57.686]'Cause a lot of people help us,
- [00:33:59.455]so we help by donating money so they too
- [00:34:02.062]can have the opportunities that we had
- [00:34:03.880]and we keep it going.
- [00:34:05.609]Thank you very much.
- [00:34:06.922]Thank you. (students applause)
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- Tags:
- ntc
- matc
- nebraska transportation center
- mid-america transportation center
- matc scholars program
- scholars program
- graduate school
- new mexico state university
- nmsu
- college funding
- Luis Vázquez
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