From GFLEC Policy Brief on Student Loans:

To summarize, 54% of students didn’t know the monthly payments associated with the student loans that they were taking out and 53% indicated that would make a change to their decision about taking out loans. High school educators please take this incredible opportunity to educate your students about financial aid and how to pay for college. Ensure that your students don’t regret decisions they made because no one provided them the information and the tools to make the right decision for themselves.

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Check out the NGPF Unit on Paying For College and give your students the education about college financing that they deserve! We have activities that ask students questions like How Much Should I Borrow for College? and What Student Loan Repayment Option is Best?

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.