1. UNDERSTANDING FEDERAL LOANS 1 Source: http://www.dledgov.org/http://www.dledgov.org/

2. STUDENTS IDENTIFY THEIR ATTITUDES AND PERCEPTIONS ABOUT LOANS. STUDENTS WILL COME UP WITH A DEFINITION FOR “LOAN” AND UNDERSTAND BASIC INFORMATION ABOUT THE ELIGIBILITY REQUIREMENTS, APPLICATION PROCESS, AND ADVANTAGES OF FEDERAL LOANS (OVER PRIVATE LOANS). STUDENTS WILL IDENTIFY QUESTIONS TO ASK BEFORE TAKING OUT A LOAN. STUDENTS WILL COMPARE DIFFERENT LOAN OPTIONS AND REPAYMENT PLANS INCLUDING ANALYZING MONTHLY PAYMENT AMOUNTS AND TOTAL INTEREST PAID. Lesson Objectives 2

3. Breakout 1: Recap and Loan Reflection (10 minutes) 3 Directions: Complete and discuss the “Loan Reflection” handout.

4. Breakout 2: Loan Basics (15 minutes) 4 Directions: Complete and discuss the “Federal vs. Private Loans” handout. Assess the different types of loans and describe why a federal loan is more advantageous a private loan.

5. Breakout 3: Evaluating Loan Options (20 minutes) 5 Directions: You will have 10-12 minutes to complete and discuss the “Evaluating Loan Options” handout with your small group. Use the “Loan Comparison Table” and “Loan Repayment Table” as additional resources.

6. Reflect and Review (5 minutes) 6 Individually complete your “Student Reflection” handout. Then spend 2-3 minutes in your small group sharing what you learned or how you can apply today’s workshop content. Think about: What information resonated with you about today’s workshop? What information was new to you? What information was most helpful to learn about? Why? What knowledge can you pass on or share with family members? Be ready to share your key learnings with the class.

7. Closing (2 minutes) 7 HOMEWORK: Share two things you learned about loans with your parent(s). PRE-WORK FOR THE NEXT WORKSHOP: