Ep: 143 - The Student Loan Decision And The Monthly Breakdown Students Need
Upgrade My Classroom
English - April 10, 2024 09:00 - 14 minutes - 26.5 MB - ★★★★★ - 1 ratingSelf-Improvement Education Health & Fitness dailyrituals morningritual morningroutine nightroutine personaldevelopment productivity Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
When a student is thinking of taking a student loan, what does $50,000 really mean to them. Well if they're anything like me, nothing! I had no personal finance education and the number seemed so vague. Plus you've probably also heard things like...
Everyone has to take them I won't have to pay them back for a long time I'll just get a decent job that makes enough money to pay them back quicklyWe know the issues with the above statements but our kids don't. That's why we need to break down what these big numbers actually mean every month. Even more so, we need to show them what real adult monthly expenses actually look like so they have context. We can't expect students to make the best decision possible unless they have the context and understanding.
Amidst Presient Biden's 2nd attempt to roll out a student debt relief plan called SAVE, I thought this would be a good time to talk about this. The reality is I'm 36 and I'm STILL paying off my loans!
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