Planning Your Future & Paying for Education Information & Links
At the conclusion of this unit, students will:
a. Analyze money savings methods to pay for college to include grants, scholarships; military and employment benefits and personal savings and investing
b. Be familiar with college application procedures at colleges they are personally considering
c. Acknowledge the difference in fees at various colleges in the Montana University System
d. Determine costs associated with room and board and tuition; dorm and independent living requirements; other fees
e. Detail the requirements and complete steps involved for completing the FAFSA
f. Differentiate forms of financial aid and responsibilities associated with student loans
National Business Education Standards:
I. Personal Decision Making: Use a rational decision-making process as it applies to the roles of citizens, workers, and consumers.
II. Earning and Reporting Income: Identify various forms of income and analyze factors that affect income as a part of the career decision-making process.
VII. Using Credit Analyze factors that affect the choice of credit, the cost of credit, and the legal aspects of using credit.
Collect and analyze data to identify solutions and/or make informed decisions.
Evaluate and select information sources and digital tools based on the appropriateness to specific tasks.
Life Cycle of a Loan
Types of Loans
How to be a Smart Borrower