Question
In the lecture this week, you learned about financial literacy. As you saw, one aspect of financial literacy is making informed financial decisions. This week's
In the lecture this week, you learned about financial literacy. As you saw, one aspect of financial literacy is making informed financial decisions. This week's discussion is meant to inform you about some of the options you have when it comes to repaying student loans. The goal of this discussion is to help you make better, more informed decisions in the future. The information you learn and share in your initial post will help not only you, but your classmates as well.
To begin, watch the two-and-a-half-minute video from Federal Student Aid at the following weblink: https://www.youtube.com/watch?v=flG4gFIiZzU
Next, review and become familiar with the information available at the following website from Federal Student Aid: https://studentaid.gov/manage-loans/repayment/plans
Finally, Bryant & Stratton College offers free wellness resources, including guidance for after graduation, through a service called WellConnect. Visit WellConnect using the following weblink:
- • https://wellconnect.personaladvantage.com/
- • Enter the school code BSCO-STU in the sign-in box.
- • Pay particularly close attention to the area for "after graduation," including links related to student loans.
After reviewing the information and links above, write an initial discussion post in which you reflect on what you learned from these resources. Some things you might consider writing about:
- • Explain whether you found anything you learned from these weblinks upsetting or surprising.
- • Summarize and share your current plan for how you will repay your student loans (please do NOT include specific dollar amounts or personal financial information). Describe how you will adjust if something within that plan has to change.
- • Assess what options you have available if you realize you cannot afford your student loan payments. Select and present the top two options that appeal to you and explain why you find these two options best.
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