In your own words, explain what it means to take out a loan.
How much student loan debt would you be comfortable with having after college?
What are some foreseeable issues/dilemmas with taking out multiple loans or taking out a substantial loan?
Unit 5 Do now 2
Agenda
Do Now (5 - 10 minutes)
Student Loan Notes (10 - 15 minutes)
Responsible Borrowing Video (5 - 10 Minutes)
Follow up Questions (5 - 10 Minutes)
Student Loan Notes
Federal loans should be your first option if you are looking to borrow money for college. There are three main types of federal student loans.
2021.02.22 Student Loans
Responsible Borrowing
Student loans can be scary, but if you are a responsible borrower you will be able to harness their power to help you get a college education. Watch this video on how you can be a responsible borrower and answer these questions.
1) List three key actions you can take to be a “responsible borrower”.
2) Define the following two terms:
a. Promissory Note
b. Loan Servicer
Coming up.....
Tomorrow we will work in groups to do some research about borrowing responsibly. We will compare the cost of tuition to starting salaries of various professions and begin to make responsible borrowing decisions.