1. Student Loan Facts and Calculation Activity Get out a sheet of notebook paper and set it up for Cornell Notes

2. Rising Cost of Tuition (2000-2010)

3. Making it Happen Financially Cost of Attendance (COA) Estimated Family Contribution (EFC)

4. Arguments For and Against AgainstFor College is no longer worth the costCollege graduates are more likely to obtain higher paying jobs and keep them during periods of high unemployment Student debt is badIf you have to borrow student loans, borrow responsibly. Remember, your education is an investment! Only borrow what you need Don’t waste loan money on stupid stuff Take low interest government loans Take advantage of loan repayment options Low-income students shouldn’t have to borrow money to go to college Everyone has to invest in college. Low income students may get some help, but we can’t all go to college for free. Most students who receive aid still pay some money out-of-pocket.

5. Unemployment Rate (2014)

6. Median Weekly Earnings (2014)

7. Loan Calculations Year 1Year 2Year 3Year 4 COA 1.Parents 2. Cal Grant 3. Pell Grant 4. Scholarships 5. Part-time job Loans (COA – 1-5) Total Student Loan Debt (Year 1 + Year 2 + Year 3 + Year 4) $

8. Career 1:Career 2: Annual Entry Level Salary Monthly Entry Level Salary (Annual/12) Student Loan Debt (total from last slide) Estimated monthly student loan payment Go to http://www.finaid.org/calculators/loanpayments.phtml to calculate your estimated student loan paymenthttp://www.finaid.org/calculators/loanpayments.phtml Student Loan payments should be about 8-10% of your monthly income