ERIC Number: ED390337
Record Type: Non-Journal
Publication Date: 1995
Reference Count: N/A
What To Know BEFORE You Owe. Student Loan Basics.
This booklet, designed to help Colorado higher education students make informed decisions about undertaking educational loans, contains information on determining a reasonable debt level, budgeting future expenses, and available loan programs. Following an introduction, Part 1 introduces the reader to the basics of educational loans including rights and responsibilities in choosing a school (includes a detailed list of questions to ask before enrolling), determining costs and planning financial strategies (with a sample worksheet), how to apply for federal financial aid (described in six steps), and description of student loan programs: Federal Stafford Loans, Federal PLUS loans, and Federal Supplemental Loans for Students. Part 2 addresses debt management strategies and covers such topics as how to be an informed borrower, sample expected entry level salaries, how to estimate a reasonable debt level based on a typical out-of-school budget, examples of repayment schedules, and sample worksheets for calculating how to balance repayment with various combinations of income and expenses. A glossary of financial aid terms is also included. (JB)
Descriptors: College Students, Financial Needs, Higher Education, Legal Responsibility, Loan Repayment, Money Management, Paying for College, Student Financial Aid, Student Loan Programs, Student Responsibility
CSLP-Marketing Department, 999 18th St., Denver, CO 80202-2440 (free).
Publication Type: Guides - Non-Classroom
Education Level: N/A
Authoring Institution: Colorado Student Loan Program, Denver.
Identifiers - Location: Colorado
Identifiers - Laws, Policies, & Programs: Family Education Loan Program; Stafford Student Loan Program