Student Loans

2021.02.22 11:40 am - 12:21 pm

Teaching point: What are federal and private student loans and what does it mean to take out each one?

Do Now

  1. In your own words, explain what it means to take out a loan.

  2. How much student loan debt would you be comfortable with having after college?

  3. 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.