Watch the video clip from Monsters University.
What does this video clip say to you about college? What are some other considerations you have to make when planning for your future? Use the guide to help students learn about student loan decisions.
Here is the Dear Penny article to view and download.
To learn more about student loans, check out the Finance Your Future MyFloridaCFO engaging interactives on college and student loans.
We have also created a Nearpod to use with students. Check out the Preview link or use the Editable link to download to your Nearpod account.
Financial Literacy Standards
SS.912.FL.2.2 Analyze situations in which when people consume goods and services, their consumption can have positive and negative effects on others.
SS.912.FL.4.8 Examine the fact that failure to repay a loan has significant consequences for borrowers such as negative entries on their credit report, repossession of property (collateral), garnishment of wages, and the inability to obtain loans in the future.
SS.912.FL.4.9 Explain that consumers who have difficulty repaying debt can seek assistance through credit counseling services and by negotiating directly with creditors.
SS.912.FL.4.10 Analyze the fact that, in extreme cases, bankruptcy may be an option for consumers who are unable to repay debt, and although bankruptcy provides some benefits, filing for bankruptcy also entails considerable costs, including having notice of the bankruptcy appear on a consumer’s credit report for up to 10 years.
Deborah Kozdras, Ph.D.