Events
  • Creative Action and the Otis Community Radio class present weekly broadcasts each Monday.

     

    This week from 4:00 - 5:00 pm is Welcome to the Haunted Boulevard. Join DJ Platinum (Grace Potter) and DJ Batsy (Jessi Hita) for a journey of the folklores, urban legends, and paranormal encounters from different cultures. 

     

    Listen online at KLMU.

  • Creative Action and the Otis Community Radio class present weekly broadcasts each Monday.

     

  • Mexican artist Yoshua Okón’s videos blur the lines between documentary, reality, and fiction. He collaborates closely with his actors (often amateurs who are also the subjects of the work) to create sociological examinations that ask viewers to contemplate uncomfortable situations and circumstances.
  • Dana Johnson is the author of the short story collection In the Not Quite Dark. She is also the author of Break Any Woman Down, winner of the Flannery O’Connor Award for Short Fiction, and the novel Elsewhere, California.

  • Gallery 169 will be hosting the Otis College of Art and Design Communication Arts Graphic Design Junior Show, "5328," displaying a selection of work made over the five thousand twenty eight hours that make up the fall and spring semesters of the academic year. Work will include collected posters, publications, and typographic projects.
  • Clay, Body is a solo exhibition from artist Sydney Aubert: Unapologetically fat, crass, and sexual, a ceramics artist who also works in video, and whatever other materials arouse her in the moment. Exhibition will be on view from Monday, April 24 - Friday, April 28 at the Bolsky Gallery, Otis College of Art and Design. On view by appointment only, please contact the artist at sydney.aubert@gmail.com Reception: Thursday, April 27 | 6pm-9pm Bolsky Gallery, Otis College of Art and Design

  • Audrey Wollen is a feminist theorist and visual artist based in Los Angeles. Wollen uses social media, such as Twitter and Instagram, as platforms for her work on Sad Girl Theory, a theory which posits that internalized female sadness can be used as a radical and political action, separate from masculinized forms of protests such as anger and violence. She introduces this form of protest as an alternative to masculinized anger and violence.

O-Tube

Financial Literacy

The Financial Aid Office considers Financial Literacy a critical aspect of a student's life at Otis. Issues such as budgeting, credit history, savings and general costs are stressors in a student's life.  Our goal is to educate and empower students to have a handle on their financial well-being.

The Financial Aid Office has partnered with SALT Money.

 

 

SALT™ is a free, nonprofit-backed resource that makes it simple for you to take control of your finances and student loans.

Sign up now to:

Brought to you by American Student Assistance®.


Credit History

(Outside links)

Credit Report - Official Federal Site for your FREE annual credit report

Experian

Equifax

Transunion


Building Your Credit History

Responsibly building credit is something young people should think about and discuss.  Credit is a big responsibility with long term consequences.

It is important to understand the inner workings of your credit history.  Creditors judge you based on your credit history.  Another set of people who can look at your credit in the future is prospective employers.  The long term effects of bad decisions regarding your credit can last seven years.  It's a long term commitment.

Evaluate your current credit history
You may not think you have credit but you should still take a look at your credit history with all three credit bureaus to establish a baseline.  The only federally approved site is: www.annualcreditreport.com.  This will also assure you that you are not a victim of identity theft.

Keep electronic copies of your credit history in a secure place.  An example would be to print it out as a pdf and keep them where you keep your tax information.  It's important to keep this for future reference and also if anything is incorrectly inputted then you have a copy for proof.

Build your savings and checking
Before even thinking of getting credit, your ability to pay and hold yourself to a budget is crucial.  So having a savings and checking account can help you track your expenses and gives you the ability to automatically deduct payments from your savings or checking.  This will prevent you from having late payments.

Understand the card you want
You want a card that will last you a very long time.  It was common practice in the past to get rid of a credit card if you find better deals but this process puts an inquiry on your credit.  Since you are just starting your credit, the inquiry hurts your credit much more than that of someone who has established credit. 

Store cards used to be a popular way to build credit but the long term aspect of a card and the transient nature of the student and workforce is not conducive to a store card.

Stick with the big bank brands and make sure that you understand your rate, fees and credit limits.

Credit Score
A Credit Score ranges from 300 to 850. Above 750 is considered by some creditors as a good credit score.  Keep in mind that you may have a different credit score for each credit bureau.

Inquiries
It is important to be selective regarding who and how many times your credit is checked by a creditor.  Every time your credit is checked by a creditor, you have an inquiry on your record that lasts two years.  While one or two inquiries are not entirely bad on your credit, several of them within a year can hurt a credit history that has little on it.  Seeking new credit is considered a hard inquiry and a promotional mailing is considered a soft inquiry.

Credit Limits: 20% rule
There is an assumption that if a creditor gives you a credit limit of $500 then you can spend up to that amount and your credit will be fine.  In reality, spending close to the limit hurts your credit because you are near the max.  To retain a good credit score, spend no more than 20%: in the $500 example that is only $100.

Ability to Negotiate
Once you have established good credit for more than a year, call your creditor to lower your interest and increase your limits. Calling your creditor and being proactive regarding your credit keeps you aware of your score and limit.  More importantly, you are starting to gain higher limits and save more money by having a lower rate should you carry your balance over.

Faster Way to Gain Credit
Building established credit typically requires a two to three years of good and responsible credit use.   However, there will be situations in which you might need to establish your credit within a few months instead of years.  This process takes a few months to complete, so please give yourself plenty of time.

The following process is one of the better ways to immediately establish credit.  This does not guarantee approval on a private loan.  The basic concept is to piggyback on someone's good credit card.

You need someone with good credit on a credit card that:

  • they have had for longer than five years
  • has a credit limit higher than approximately $5,000
  • has never been late with payments
  • has a current balance no more than 20% of the card limit
  • reports to all three credit bureaus


Ask this person to add you as a "joint account holder".  The terminology is important because you could be added as an "authorized user" and it will not improve your credit since it will not be counted on your credit score.  After being added as a joint account holder you will need to know when the creditor reports to the credit bureaus so that you know when your credit is affected.

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