Borrow or Not to Borrow Planning Financially for College.

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Presentation transcript:

Borrow or Not to Borrow Planning Financially for College

Brainstorm With your table, create a list of six colleges on the index card. Include colleges in which… You would like to attend. Your older siblings attend or attended. Your parents attended. Friends or acquaintances attend or attended.

Brainstorm With your table, create a list of items you think you may need when attending college. Place your list on the opposite side of the index card.

College Savings Plans Your parents already have planned to help you pay for college. What are some ways parents may do this? Mutual Funds and Stocks 529 College Savings Plan Certificates of Deposit (CDs) Money Market and Bank Saving Accounts Retirements Accounts Article Link:

Part I: Research and Excel Sheet Groups of three to four Complete the college budget sheet Template is available via teacher website Let’s take a look All information and related costs must be entered into the excel sheet Upon completion, each group will submit their excel sheet via teacher website

Part II: Budget Presentation and Q&A Session Your parents have saved $20,000 to help elevate some of your college costs using a method we previously mentioned During your presentation… You must display your excel sheet You must explain the various items on your excel You must be prepared to answer the following questions: Will this cover your total budget? If now, how much additional money will be required to cover all of the costs? What could be some possible options to cover the difference? What adjustments to your budget might you consider making?