STUDENT RESPONSIBILITIES EVERYDAY DURING THE SIMULATION:

  1. Login daily
  2. Pay bills on-time
  3. Adjust 401(k) contribution % and bank account type, as needed
  4. Read simulation communications via email, Dashboard Alert, and push notifications
  5. Maintain their CFS reconciled
  6. Take quizzes and surveys
  7. Review pay stubs and W-2
  8. Use the Student Quick Tips to help navigate the simulation and perform common tasks
  9. Use the Knowledge Base to answer questions about the game, scoring, website navigation, etc.

TODAY:

MODULE 5–Financing Higher Education

At the completion of this module you will be able to answer the following questions:

  1. How is education an investment in yourself?
  2. Explain why it might be a good idea to borrow money for college if you might not otherwise afford to go.
  3. What are the steps in the student loan process?
  4. Why is it important to repay your student loans on time?

Module 5 Learning Objectives:

  1. Describe why higher education has a high potential return on investment (ROI)
  2. Identify typical action steps that students should take on the path to higher education.
  3. Identify and compare potential sources of higher education financing.
  4. Describe the advantages of federal student loans.
  5. Compare subsidized & unsubsidized federal student loans.
  6. Explain the purpose and process of filing the FAFSA form.

HERE IS WHAT YOU NEED TO DO NOW:

  1. Open the PERSONAL FINANCE Google Doc and respond to the following:
    1. Upon graduation I plan to……………(be as detailed and specific as possible–give an exact date by which you hope to achieve your goal)
    2. Based on your answer to the prompt above, answer the following questions:
      1. What are some of the things you need to reach this goal?
        1. What types of skills or training to you need?
        2. How much money do you expect to earn?
        3. How much education do you need after college?
  2. Log in to Everfi and work on Module 5–Financing High Education
  3. Career Comparision
    1. Get the handout from your teacher
    2. Go to the Bureau of Labor Statistics “Exploring Career Information”-use this to complete the handout
  4. TEST: Review the pre-questions at the beginning of this unit. Re-answer each of the questions using red font AFTER your initial response (do not delete your initial answer) given the knowledge your gained during this lesson.

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