European Stars and Stripes (Newspaper) - April 29, 2007, Darmstadt, Hesse                                Sunday april 292007 stars and stripes Page 29 your Money dont let student Loans put you deep in debt dear us i am planning on attending col lege in the fell and need to obtain student Loans both my parents have bad credit scores because they cant pay Bills on time so they cant help me get Loans i have excellent credit but even with my current Job i  be Able to make the monthly payments on a loan any advice the Good news about Federal student Loans is that you dont have to Start paying them Back until six months after you graduate if your financial need is great enough you May qualify for subsidized Loans which dont Start accruing interest until you begin re payment otherwise your Loans will accrue interest while youre in school but again you dont have to Start making payments until after youre out r your Good credit scores wont be a Factor in getting Federal student Loans since cred it history int considered the amount you can borrow with Federal student Loans is limited however in your freshman year for example the Stafford student loan limit is if you want to borrow More you May have to turn to private lenders and they tend to look at credit histories Good scores can help you get the Best rates if you Haven already you should com plete and file a free application for Feder us Puii Iam Weston Al student Aid form it May be too late to get Nee based Grants and scholarships but you should still be Able to get Loans just be careful about How much debt you take on student loan debts cant be Dis charged in bankruptcy and Many graduates discover too late that their i3ik debt loads prevent the from Pur suing important financial goals like buying a House or saving adequately for retirement a Good Rule of thumb is not to borrow More in total for an education than you expect to make in salary your first year out of school dear Liz i have a 20yearold daughter who works part time and goes to school full time she just obtained a credit card that has a credit limit a application fee and a annual fee that leaves her with to spend is this Legal she already received her first state ment with the balance outstanding and she has not even used the card yet is there a better source for Young adults to obtain credit cards yes if s Legal and Given her ignorance Shes Lucky she didst wind up with a card where the combined initial fees exceeded her credit limit and triggered an overt limit if s a Little late but this is still a teach Able moment explain to her that she needs to carefully read every credit apply a Good Rule of thumb is not to borrow More in total for an education than you expect to make in salary your first year out of school cation before signing it looking at the inter est rate and All the fees Shell be charged she also needs to shop for credit instead of just signing up for the first card that of fers her a free shirt if shed checked out car comparison Sites like card rat ing com and Bank Atesom she could have found several starter cards that dont have application fees and that charge More reasonable annual fees in the shed be smart to get one of those and close this one As soon As Shes paid off the balance Tell her that even though the limits on her first cards will seem very Low she must avoid using More than 30 percent of any cards limit and she must always Al ways always pay the balance in full every month not using More than 30 percent of a limit will protect her credit scores while getting in the habit of paying off her Bill in full will protect the rest of her financial life dear Liz i thought your column on How to pay big medical Bills was just wonder Ful i am a registered nurse who worked As a patient representative for a Large mid Western health care organization i encouraged my patients to use our Community care services to receive Dis counts on their Bills it does take time to Fin out the application but Well Worth it for patients they received discounts of anywhere be tween 10 percent and 100 percent just for paying their Bill in 30 Days they received a 20 percent discount but most  know that unless they talked with a financial Counselor that is the key people should ask for one of the Hospi tals financial Counselor not just one of the Billing department staff i wish More patients would get educated on these options some hospitals have been accused of doing a pretty thorough Job of hiding their indigent patients options but As you Point out most have specialized staff that can help uninsured and under insured Consumers learn about available discounts and Charity programs Liz Pulliam Weston is the author of the books your credit score and Deal with your debt both published by Prentice Hall questions for possible inclusion in her column May be sent to 3940 Laurel Canyon blvd no 238 studio City Ca 91604 or via the Contact Liz form at  distributed by no More red inc fridays Market summary 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sensibility up Money tip of the Day meet the new Boss by Marshall Loeb Market watch new York when a new ceo arrives at a company senior executives Start to wonder does this mean in out according to a new study in the Harvard business review turnover among top manage ment spikes when a company appoints a new chief executive officer the study written by a Tjerandson team Kevin p Coyne and Edward j Coyne both business professors concludes that when a ceo is promoted from within turnover jumps to 22 percent from 17 per cent a ceo totally new to the company results in turnover of 33 percent the study results make sense when theres a new sheriff in town hell probably bring his own deputies but Coyne and Coyne do have some suggestions on How to secure your Job if you Are faced with a new top Boss first impressions count most cos make decisions about peo ple within the first 60 Days so you have to present yourself Well from the beginning the danger of being pushed out is real write Coyne and Coyne but so Are the opportunities if you swiftly establish your value when the new chief arrives set up face time secure a meeting with the new Boss and let him or her know about your responsibilities and How you can help achieve the vision without cues from you your new ceo will be left to draw his or her own conclusions understand the cos style and Agenda dont be afraid to ask your ceo directly about his or her style and the Agenda for the future youll get the Best in formation from the source and also demonstrate that you care about what the Boss thinks be honest dont paint a too right picture or a spell out a Lessith unrealistic game plan you want your new ceo to know that you Are not going to hide negatives discover Why so Many people Are saying financial  arc