Topic 5 Paying for Education: Managing Money and Controlling Debt (Continued) Resources for Grades 9–12 Description / Objective The 10 best sites to look for scholarships This article lists (as of January 2016) the 10 best sites that students can use to search for scholarships. Resource Type: Article Location: U.S. News, This article focuses on the fact that loans are not Undergrads Blow it With Student Loan Refunds “free money.” It includes with examples of situations in which students did not carefully consider the consequences of using college loans for a Article Resource Type: lavish lifestyle in college. Location: CNN Money Debt Calculator This easy-to-use calculator helps teach the implications of debt on life spending habits. Calculator Resource Type: Location: FinAid! The Smart Student Guide to Financial Aid This loan payment calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. This loan calculator can be used with Federal education loans (Stafford, Resource Type: Calculator Perkins and PLUS) and most private student loans. Location: (This student loan calculator can also be used as an auto loan calculator or to calculate your mortgage payments.) Jump$tart Reality Check (Jump$tart) This calculator helps students to calculate how much income they will need to support their desired lifestyle. Resource Type: Calculator Location: Invest in Lesson 2, Students examine their education funding options, manage What’s Next, Budgeting for My Future student loans, and balance their desired lifestyle with their (Federal Reserve Bank of Richmond) expected future income.
Topic 5 Paying for Education: Managing Money and Controlling Debt (Continued) Resources for Grades 9–12 Description / Objective The 10 best sites to look for scholarships Resource Type: Article Location: This article lists (as of January 2016) the 10 best sites that students can use to search for scholarships. U.S. News, Undergrads Blow it With Student Loan Refunds Resource Type: Article Location: This article focuses on the fact that loans are not “free money.” It includes with examples of situations in which students did not carefully consider the consequences of using college loans for a lavish lifestyle in college. CNN Money Debt Calculator Resource Type: Calculator Location: This easy-to-use calculator helps teach the implications of debt on life spending habits. FinAid! The Smart Student Guide to Financial Aid Resource Type: Calculator Location: This loan payment calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. This loan calculator can be used with Federal education loans (Stafford, Perkins and PLUS) and most private student loans. (This student loan calculator can also be used as an auto loan calculator or to calculate your mortgage payments.) Jump$tart Reality Check (Jump$tart) Resource Type: Calculator Location: This calculator helps students to calculate how much income they will need to support their desired lifestyle. Invest in What’s Next, Lesson 2, Budgeting for My Future (Federal Reserve Bank of Richmond) Students examine their education funding options, manage student loans, and balance their desired lifestyle with their expected future income.