Volume 19  Issue  7                                                                                                   JULY 2019
Have you noticed?
The Career Development website has a new look. Check it out!  



If your RESUME has been circulating in the job market for more than a month and  you haven't gotten requests for job interviews--
t he problem could be your resume!

 Find articles and sample resumes, as well as great tips for creating effective cover  letters so your resume is read and you receive those job interview invitations.

How much student loan debt should you have?
Eileen St. Pierre, The Everyday Financial Planner
With all the nightmare stories of college graduates and their student debt loads, anyone considering taking out a student loan needs to really think about how much student loan debt they can afford.
Here are some rules of thumb:
  • Your total student loan debt should be less than your annual starting salary.
Have a clear career path in mind before taking out a student loan. Research how much recent college grads in your major field make in your area of the country. Looking at national stats can be misleading.
  • Your student loan payment should not exceed 8% of your gross earnings.
You need a place to sleep and a way to get to work, so you need to make room in your budget for basic living expenses. Saving for emergencies is also important, so you don't go further into debt when the unexpected happens.
Check out the debt/salary wizard at MappingYourFuture.org to calculate:
  • How much can I afford to borrow in student loans based on a certain salary?
If your first job out of college pays $35,000 a year, you should borrow no more than $22,567 (based on a 4.45% interest rate and the 10-year standard repayment plan).
  • How much salary do I need to support my student loan debts?
You currently have $20,000 in student loans but you anticipate needing to borrow another $25,000 before you graduate. You would need to make a starting salary of $69,793.35 (based on a 4.45% interest rate and the 10-year standard repayment plan). Your monthly loan payment would be $465.29.
If you were to extend your payments out over 25 years, your monthly loan payment would drop to $248.85 and you would need to earn $37,327.38 annually.
Need help paying off your student loans? Check out the video   The Case of the Staggering Student Loans.
Questions?  Contact Eileen at everydayfinancialplanner@gmail.com.

The Importance of Credentials Click here for our Video
A credential represents a formal validation of an individual's qualifications and professional competency in a specific industry.

What is the value of a credential?  An industry certification ensures that you are proficient in a field, while allowing you to enhance your professional brand. By promoting your credential to organizations, your peers and the public at large, you are able to present your base of knowledge, skills and experience.  Click here for NCDA website
Career Development Success Story  - Colton Walker

I want to personally thank Career Development and the Choctaw Nation for helping me with my path to Tulsa Welding School. This is an awesome program and I am thankful it was available for me. 
For jobs with the Census Bureau, click here.
Attention Career Development Clients!
Have you landed a job?

Our Employment Services Specialists  are available 
to assist with any part of your job search.

Contact us for help with:

        • Resumes (we review & assist with developing resumes)
        • Cover letters
        • Linked-In Profiles
        • Interview Prep
        • Employment Applications
        • General Job Searching
        • Applying Online
--or most anything related to you landing 
a great job and starting a new career. 

Call us today!   
Choctaw Nation Career Development | www.choctawcareers.com | 866-933-2260

**Articles and information shared in this newsletter are not considered to be endorsed by the Choctaw Nation of Oklahoma or the Career Development Program, but are considered to be helpful information only.