Students will be able to:

• Explain what it means to be a responsible borrower
• Analyze different types of federal student loans
• Compare federal and private student loans
• Analyze hypothetical and personal scenarios involving college and career decisions that impact their ability to pay for college

Students will be able to:

• Explain what it means to be a responsible borrower
• Analyze different types of federal student loans
• Compare federal and private student loans
• Analyze hypothetical and personal scenarios involving college and career decisions that impact their ability to pay for college

Students will be able to:

• Explain what it means to be a responsible borrower
• Analyze different types of federal student loans
• Compare federal and private student loans
• Analyze hypothetical and personal scenarios involving college and career decisions that impact their ability to pay for college

Students summarize the different federal and private student loan options and compare federal student loan repayment plans. In the Math Connection, students weigh the benefits and drawbacks of making additional student loan payments using the future value of a periodic investment formula. This lesson is in the Types of Credit & Modeling Functions Unit of Financial Algebra.

Students will explore real world data using histograms on three levels: 

• Level 1 -- Analyze two historgrams about student debt
• Level 2 -- A tactile card sort using housing cost data, and then a deeper dive into histograms comparing mortgages to rent in MI
• Level 3 -- Create a histogram by hand to analyze the # of high-cost lenders by neighborhood median earnings 

In this activity, students will be able to:

• Consider the impact of a college degree, student loans, and salary on their lifetime earnings

Think you can guess which debt has skyrocketed the most? The answer might interest you more than you think.

Answer: Student Loans (430% increase)

In late April 2024, the Fed decided not to change interest rates. But why should interest rate changes matter to any of us anyway? Well, interest rates have a direct impact on us as consumers when it comes to borrowing and lending money! Think of ways we borrow and lend money in our lives from student loans, car loans and credit cards, to savings accounts and bond investments! Learn more in this week's episode of FinCap Friday below:

It’s that time of year - the leaves are changing and Paying for College is in the air. This Halloween, explore three bewitching Desmos activities that will make Paying for College a little less scary. 

Description:

There are multiple plans and options available to repay your federal student loans.

Financial aid is essential for most students attending college or career school and the process starts with the FAFSA. 

In this module, you will: