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November Money Tip for Students

Friday, 11 02, 2012

Tim Ballard
(502) 696-7372
tballard@kheaa.com
http://www.kheaa.com/

While keeping in touch with friends on social media sites is fun, giving out too much information can lead to financial problems. These tips from the Kentucky Higher Education Assistance Authority (KHEAA) may help you limit your exposure.

Unscrupulous people may try to use your posted information to commit crimes. To help protect yourself and your personal information, follow these tips:

·         Make your contact information private. Never post your phone number, address or e-mail address. Scammers can piece together your identity from this information.

·         Do not list your exact date and place of birth. That information is gold to identity thieves. Do not answer these questions in online quizzes. Also, do not answer questions about the name of your street, where you were born, your mother’s maiden name or your favorite travel spot. That information can be used to determine your password and answers to your security questions.

·         Limit who can search for your profile on Internet search engines.

·         Do not announce upcoming vacations on social media sites. That is an invitation to a burglar.

KHEAA is the state agency that administers Kentucky’s grant and scholarship programs, including the Kentucky Educational Excellence Scholarship (KEES). It provides financial literacy videos at http://itsmoney.kheaa.com. KHEAA also provides free copies of “It’s Money, Baby,” a guide to financial literacy, to Kentucky schools and residents upon request at publications@kheaa.com.

To learn how to plan and prepare for higher education, go to www.gotocollege.ky.gov. For more information about Kentucky scholarships and grants, visit www.kheaa.com; write KHEAA, P.O. Box 798, Frankfort, KY 40602; or call 800-928-8926, ext. 6-7372.

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