Paying for college and cars

Paying for College and Cars FDIC Money Smart for Young Adults Building: Knowledge, Security, Confidence

Pre- Assessment ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object]

Purpose ,[object Object],[object Object],The Paying for College and Cars module provides general information on installment loans, including:

Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],By the end of this course, you will be able to:

Todd Wonders about Loans for College…

Installment Loans ,[object Object],[object Object]

Types of Installment Loans ,[object Object],[object Object]

Secured Loans ,[object Object],[object Object],The borrower:

Unsecured Installment Loans ,[object Object],[object Object],[object Object],[object Object]

Benefits of Unsecured Installment Loans ,[object Object],[object Object]

Activity 1: Unsecured Installment Loan Tips ,[object Object],[object Object]

Cost Terms Related to Installment Loans ,[object Object],[object Object],[object Object],[object Object]

Activity 2: Cost of Installment Loans ,[object Object],[object Object],[object Object]

Activity 3: Consumer Loans vs. Rent-to-Own ,[object Object],[object Object],[object Object],[object Object]

Activity 4: Loan Approval ,[object Object],[object Object],[object Object],[object Object],[object Object]

Car Loans vs. Car Leases ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Activity 5: Car Loans vs. Car Leases ,[object Object],[object Object],[object Object],[object Object],[object Object]

Financing a Car ,[object Object],[object Object],[object Object],“ Getting a car loan” = “Financing a car”

Where to Obtain Car Loans ,[object Object],[object Object],[object Object],[object Object],[object Object]

Loan Pre-approval ,[object Object],[object Object],[object Object],Lender figures out how much they will lend

When Dealers Offer Low Interest Rates ,[object Object],[object Object],[object Object],[object Object]

Participation Fees ,[object Object],A charge to get a lower rate

Beware of Dealer-Lender Relationships ,[object Object],[object Object]

Activity 6: Beware of Dealer-Lender Relationships ,[object Object],[object Object],[object Object]

Activity 7: Auto Financing Tips ,[object Object],[object Object]

Car Title Loans ,[object Object],[object Object],[object Object]

Activity 8: Beware of Car Title Loans ,[object Object],[object Object],[object Object]

Cost of College Calculator Income – Expenses = $ __________ (Your Balance) Expenses Income Education $ Family Contribution $ Tuition Parents Books You Fees Friends/Relatives Supplies Transportation $ Financial Assistance $ Bus/Air/Train Summer Job Savings Car Payment Other Savings Car Repair/Insurance Housing $ Financial Aid Grants $ Mortgage Pell Dormitory/Rent FSEOG Utlities ACG/ SMART Telephone Institutional State Food $ Federal Direct Loans $ Room & Board Plan Subsidized Stafford Groceries Unsubsidized Stafford Health $ Loans $ Insurance Federal Perkins Doctor/Prescriptions FFEL State Personal/Miscellaneous $ Employment $ Laundry/Cleaning Federal Work-Study Drug Store Items Institutional Clothing Off-Campus Entertainment $ Scholarships $ In-School Interest $ Other Income/Resources $ Direct Unsubsidized Loan Emergencies $ Other Expenses $ Credit Card Payment Total Expenses $ Total Income $

Activity 9: Cost of College Calculator ,[object Object],[object Object],[object Object]

Tips to Getting Aid ,[object Object],[object Object],[object Object],[object Object],[object Object]

Scholarships ,[object Object],[object Object],[object Object],[object Object],[object Object]

Activity 10: Grant Programs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Federal Loan Programs ,[object Object],[object Object]

Activity 11: Loan Programs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Repay Your Loan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Activity 12: Alternative Ways to Pay for College ,[object Object],[object Object],[object Object]

CONCLUSION: Even Ramón may need a Loan!

Paying for College and Cars ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Congratulations! You have completed the Paying for College and Cars module. You have learned about:

Assess Your Knowledge Don’t forget to complete the Knowledge Check in your Participant Guide!

Thank you! ,[object Object],[object Object],[object Object]

Paying for college and cars

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Paying for college and cars