1. DO THIS NOW… Grab a laptop and log on
Then, grab a seat and analyze the graphic to the right by answering the following questions with a partner:
How much has the average student debt at graduation changed between ?
What percentage of students graduating in 2015 had student loan debt? Has this number been increasing or decreasing?  
What do you think may explain the reasons behind these changes in average student debt and the percentage of college graduates who borrow?
Be prepared to share

2. How can we be responsible users of loans?

3. Loan Basics What is it? How do they work? Are they necessary?
How people afford high priced items
How do they work?
Individual borrows money from lender
Borrower repays lender the original amount PLUS extra
Are they necessary?
YES—unless you are independently wealthy

4. Why Do Loans Matter to You?
College
Chances are you can’t pay for tuition on your own
Cars
Only way to afford a new or used car
Houses
Loans are a must for home ownership

5. What Do You Need to Know About Loans?
The major components:
Principal
Interest rate – fixed vs variable
Term
Getting a loan
Personal loans through banks
Student loans through FAFSA
Types of Student Loans
Types of federal loans
Federal vs private
Repaying loans
How to pay off loans quickly
Effects of not repaying loans
Ways to renegotiate loans

6. How can we be responsible users of loans?

7. Loans Task Menu Complete TWO tasks in each row of the task menu
Complete your tasks based on what you want to learn more about regarding personal loans and/or student loans
Some tasks are more geared toward student loans
Some tasks are more geared toward personal loans
You have until the end of class

8. Accessing Resources Log onto the class website: Go to Week 10
Go to Week 10
Copy and paste link into URL
All required resources are found at URL destination and class website

9. Complete journal reflection entry on loans
Closure
Complete journal reflection entry on loans