Category: Student Loans

QoD: What percentage of students who started college in 2012 graduated within 6 years?

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Mar 18, 2019
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Paying for College, Research, Student Loans
Hat tip to Beth Tallman for suggesting this question. Thanks! Answer: 58% overall Questions: Which school type has the lowest graduation rates? Which school type has the highest graduation rates? What might explain these large differences in graduation rates? What has been the trend in graduation rates over the last 3-4 years for the public and private non-profit colleges? What do you think are the leading reasons that students do not finish college? What personal traits do you think it...

QoD: What is the discount rate on private college tuition projected to be in 2019?

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Mar 12, 2019
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Question of the Day, Paying for College, Student Loans, Research
As award letters start flooding student inboxes this month and next, we thought this was an important question for students to know the answer to.  Answer: 39% Questions: What criteria do colleges use to determine the amount of the discount that a student might receive? Rather than list a discount percentage on your award letter, colleges provide financial aid and grants to reduce the cost of tuition. Why do you think they rarely use the word "discount" anywhere in their financial aid...

February is Financial Aid Awareness Month

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Feb 26, 2019
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Paying for College, Parent Conversations, Student Loans
In recognition of Financial Aid Awareness month, here is a collection of recent articles related to Financial Aid that may be relevant for your students, as well as links to tools and sites that might be helpful as well.  Financial Aid Awareness month kicked off at NGPF with Tim’s interview podcast with Justin Draeger, CEO of the National Association of Student Financial Aid Admissions (NASFAA) on February 8. You might also want to have your students check out the Students,...

Question of the Day: Can you name ONE of the three most frequent ways that consumers, under age 25, establish credit?

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Feb 06, 2019
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Question of the Day, Credit Cards, Paying for College, Student Loans, Credit Reports
Answer: Credit Card (35.6%) Student Loan (19.9%) Retail Credit Card (13.7%) Questions: Why do you think that credit cards tend to be the entry point for establishing credit for so many consumers?  Almost no one in any age group establish their credit for the first time by taking out a mortgage. Why do you think that is true?  How do you think that you will establish credit?  Here's the ready-to-go slides for this Question of the Day that you can use in your...

Just One Resource - INTERACTIVE: Shady Sam

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Feb 04, 2019
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Just One Resource, Interactive, Math, Behavioral Finance, Student Loans, Mortgages, Financial Scams
    In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.  [The Resource]  INTERACTIVE: Shady Sam The Gist: Students play loan shark in this engaging game where they see loans from the perspective of a lender as they try to maximize their profits.  The Best Parts: Students decide between three loan options for...

Reading List for January 26-27

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Jan 25, 2019
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Financial Literacy, Personal Finance, Student Loans, Career, Parent Conversations
Financial Literacy In case you missed this broadcast Tuesday, NPR’s The 1A included a segment on financial literacy education featuring NGPF’s Jessica Endlich, John Pelletier of the Center for Financial Literacy at Champlain College, and Laura Levine of Jump$tart. Here is discussion of the increasing number of states requiring financial education, including a link to the Champlain College Financial Literacy Report Card. (Governing) Personal Finance Even doctors have a side...

Reading LIst for January 19-20

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Jan 18, 2019
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Personal Finance, Investing, Student Loans, Advocacy, Career
Advocacy Looks like Financial Literacy is on the minds of state legislatures as they start their new sessions. Florida is the latest to consider a required course. (WPTV) Personal Finance Here is the most straightforward explanation I have seen as to why using your ApplePay™ (or other version) is the safest way to pay for things, after using cash, that is.(Kobliner) This may not be news, but still worth mentioning that another survey has found most Americans could not handle a $1000...

2018 Holiday Reading List

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Dec 21, 2018
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Personal Finance, Investing, Index Funds, Student Loans, Economics
Our holiday reading list is a bit longer than our usual list….it will have to last you two weeks! We hope you have a little down time to dig into some of the longer articles on the list. Enjoy your break and Happy Holidays to all!!!   Personal Finance Experian reportedly will begin including utility payments in the credit score calculation, giving millions of people who only use debit cards a credit history/score. (WSJ) With all of the changes in the tax laws for 2018, here is a...

FinCap Friday: Do We Have Your Interest Yet?

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Dec 20, 2018
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FinCap Fridays, Savings, Credit Cards, Student Loans, Stocks
The Federal Reserve hiked interest rates earlier this week which provided an awesome opportunity for a FinCap Friday focused on that event. How do the decisions of this august body percolate through the economy? Check out this FinCap Friday including Yanely's awesome explainer video to learn more:  --------------------------- Looking for more FinCap Fridays? There's more where this came from! Check out the other seventeen here. ...

Interactive Monday: You Better Know The Difference Between Net vs. Sticker Price For College (and so much more!)

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Dec 02, 2018
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Paying for College, Interactive, Research, Student Loans
Thanks to NGPF Fellow Amanda Volz for passing along this great resource called TuitionTracker. It's easy for your students and their parents to pick up on the high cost of college. Headlines trumpet colleges that have now crossed the $70,000/year threshold. What is less understood is the fact that on average private colleges are now almost discounting tuition by 50%. Of course, 50% off a $40,000 sticker price is still $20,000/year which is challenging for most of your students. But I digress....

The Skinny on Student Loans

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Nov 28, 2018
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NGPF Fellows, Student Loans, Paying for College
The following blog post comes courtesy of NGPF Fellow, Deborah Kerby, of Tobyhanna Elementary Center in Pocono Pines, PA. ------ During my 17 years teaching high school students, I observed that many considered taking out student loans to pay for college to be an expected part of life. Many of their teachers share this expectation.  As an experienced personal finance educator, I believe it is important to show students that they have alternative options to assist them in paying for...

Question of the Day; What is the average cost of tuition and fees at public 4 year colleges in your state?

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Nov 06, 2018
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Question of the Day, Paying for College, Student Loans
Answers will vary Here's a link to the spreadsheet with the answer for each of the 50 states.  Questions: How did you do with your guess? Did you under or over-estimate the average cost? This question was about tuition and fees. What is another major cost for students going to college? How does knowing the “correct” answer affect the way you think about college? This research surveyed 9th graders. Do you think the results would be different if they surveyed 12th graders?...

Question of the Day: Who is more likely to buy a home: a 25-30 year old with no student debt or one with more than $50k in student debt?

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Oct 24, 2018
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Question of the Day, Student Loans, Mortgages, Research, Chart of the Week
Answer: 25-30 Year Old with $50K in student debt Hat tip to NGPF Fellow Brian Page for sharing this awesome Question of the Day and chart below that he has used successfully in his classroom.   Questions: Overall, what has been the trend with all 25-30 year olds buying homes since 2005? What might explain this? [Hint: What happened in 2008-09?] Why do you think that 25-30 year olds who are current with $50K in student debt buy homes at greater rate than those with no student debt?...

FinCap Friday: Tuition, Fees, & Books, Oh My!

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Sep 27, 2018
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FinCap Fridays, Paying for College, Student Loans, Question of the Day
In the second part of our two-part FinCap Friday series on colleges, we tackle the cost side of the equation and describe the various ways that families pay for college. Your students will walk away with tools to help them make this process a little less daunting:  New to NGPF's FinCap Friday? It's a fun way to engage your students with current events and includes: A five question Kahoot! A 90 second video providing details about the current event and explaining why it matters to students...

Chart of the Week: Credit Profiles for 18-22 Year Olds

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Sep 12, 2018
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Chart of the Week, Credit Cards, Student Loans, Behavioral Finance
I love this chart from a recent Wall Street Journal article because it captures the state of credit for young people just getting started in building their credit history:    Questions: What credit type is most prevalent among 18-22 year olds? 23-29 year olds?  Which type of loan has the highest balance for 18-22 year olds? 23-29 year olds?  At what age do you think you will have the following: Credit card Retail store card Auto loan Student loan Which type of...