1. CFM 5-11-15

2. Learning Goal I can understand college loans so I’m not surprised.

3. Student Loans Can you go to school without taking student loans? – Yes Be awarded grants and/or scholarships as a result of awesome grades and activities Your parents are so rich they can pay for everything Work full-time and attend school part-time

4. Student Loans Can you go to school without taking student loans? – No Grades are just average so you can only get some small grants or scholarships The specific college you need/want is expensive You want to get college done with

5. Fact or Fiction A better (more expensive) college gets you better jobs. Going to college will get me a higher paying job. Going to college will make me successful I always have to pay for college. I’m not eligible for student loans because of what my parents make The average student debt is $35,000 I don’t have to pay back my student loan

6. Types of student loans Private Loans – Depend on credit history – Colleges – Banks Federal Loans – No credit checks – Stafford – Perkins

7. Deferred Payment Begin paying your student loan 6 months after you finished/left college May be as much as 9 months with some loan. Returning to college after a leave? – Stop paying some loans until 6 months after you finish the second time

8. Subsidized vs. Unsubsidized Student Loans Subsidized – Interest on loans is not paid until you start making payments after finishing/leaving school Unsubsidized – Interest on loans begin when you take the loan out Note: principle payments don’t begin until after school.

9. Ways to Reduce College Debt Become active in adult associations Apply for as many scholarships/grants as possible Live at home while in college Part-Time Work – Work Study – Off campus work Watch your spending while at college In-State colleges are cheaper than out of state colleges Loan Forgiveness Opportunities

10. Assignment Go to the following site and summarize the 10 points in the article with one sentence for each point. http://ticas.org/content/posd/top-10-student- loan-tips-recent-graduates