Personal Finance- The Price of College

Introduction

Student Loan Crisis: 

In this exercise, you can take on the role of a financial advisor responsible for assisting high school seniors in making well-informed choices regarding funding their college education. Throughout this process, you will be viewing the Ramsey Solutions documentary "Borrowed Future" to gain insight into student loans' intricacies and consider alternative options.r/lostgeneration - The STUDENT DEBT "CRISIS" SOLVED: You loaned $100k to a jobless teen 1. 2. Take the L and learn some financial responsibility 04

Task

You are required to develop a comprehensive guide targeted at high school students and their parents. This guide should focus on the student loan crisis, including key takeaways from the video "Borrowed Future," and offer practical advice to assist students in steering clear of excessive student debt. The guide should cover fundamental questions about this subject.

  1. What are the main factors contributing to the student loan crisis?
  2. What impact does student debt have on individuals and society?
  3. What alternatives to student loans are available for funding higher education?
  4. What steps can students take to minimize their reliance on loans?
Process

Watch "Borrowed Future":

  • Take notes on the key points, statistics, and personal stories presented in the documentary.
  • Use the Borrowed Future Viewing Guide to guide your viewing and note-taking.

Research:

  • Use the provided resources to gather additional information on the student loan crisis, its causes, and its effects.
  • Explore alternative funding options such as scholarships, grants, work-study programs, and community college pathways.

Organize Your Information:

  • Create an outline for your guide.
  • Use graphic organizers, such as mind maps or flowcharts, to arrange your findings logically.

Develop Your Guide:

  • Write clear and concise sections for each question listed in the Task component.
  • Include practical tips and actionable advice for students and parents.
  • Design your guide to be visually appealing and easy to navigate (using Canva, Microsoft Applications, and other teacher-approved apps).

Resources:

Evaluation
Conclusion

I hope you've learned important lessons about the student loan crisis and the need to make well-informed financial decisions for higher education. Think about how this knowledge can influence your future financial choices and those of your peers. Lastly, you should thoroughly understand the student loan crisis, know about other ways to fund education, and be able to give useful advice to other high school students and their parents on how to avoid taking on too much student debt.

Credits