Meet Megan: Lives in a suburb of San Jose, CA and is trying to decide between San Jose State University and Santa Clara University Both are close to home, but she wants to live on campus instead of with her mother and stepfather She came across the and decides to put her numbers Qualifies for $5000 in Pell Grants and $9000 in outside scholarships won through an essay contest Has saved $1500 she can contribute toward tuition; her parents cannot afford to help Got $3000 in Perkins loans, $3000 in Federal Subsidized loans, and $2500 in Federal Unsubsidized loans Is going to take any of the remaining balance in private loans at an interest rate of 7.9% 11. How much debt will she have at graduation for San Jose State University? What will her monthly loan payment be? 12. How much debt will she have at graduation for Santa Clara University? What will her monthly loan payment be? 13. Megan has heard from a college counselor that the graduation rate at Santa Clara University is almost DOUBLE the graduate rate at San Jose State University. She also heard that the loan default rate is far below the national average at both schools. Should she be worried about either metric for either of these two schools? Why do you feel this way? 14. What questions would you want to ask, either of Megan or of the two colleges, before helping her make a decision? Meet Megan: Lives in a suburb of San Jose, CA and is trying to decide between San Jose State University and Santa Clara University Both are close to home, but she wants to live on campus instead of with her mother and stepfather She came across the and decides to put her numbers Qualifies for $5000 in Pell Grants and $9000 in outside scholarships won through an essay contest Has saved $1500 she can contribute toward tuition; her parents cannot afford to help Got $3000 in Perkins loans, $3000 in Federal Subsidized loans, and $2500 in Federal Unsubsidized loans Is going to take any of the remaining balance in private loans at an interest rate of 7.9% 11. How much debt will she have at graduation for San Jose State University? What will her monthly loan payment be? 12. How much debt will she have at graduation for Santa Clara University? What will her monthly loan payment be? 13. Megan has heard from a college counselor that the graduation rate at Santa Clara University is almost DOUBLE the graduate rate at San Jose State University. She also heard that the loan default rate is far below the national average at both schools. Should she be worried about either metric for either of these two schools? Why do you feel this way? 14. What questions would you want to ask, either of Megan or of the two colleges, before helping her make a decision
