Navigating the world of student loans can be daunting for college students — especially considering the complexity of interest rates and repayment plans, while they also try to understand their payment responsibility and repayment options when they graduate.
USA Funds® Life Skills® can help you with loan counseling, offering lessons that give your students a better understanding of their student loans. USA Funds Life Skills lessons provide information about loan repayment, grace periods, deferment and forbearance.
USA Funds Life Skills is an online financial literacy and student success program. The newly redesigned program equips schools to help students develop basic life management skills so they graduate on time and with a minimum amount of debt. The following courses are among those offering student loan details:
Lesson101 How Will I Pay For My Higher Education?
Teaches your students how to find resources and funds to finance their higher education by examining the costs associated with school, explaining the various types and sources of student aid, and determining the maximum student loan debt they can afford.
Lesson 102 How Do I Apply For Financial Aid?
Teaches your students the steps involved in applying for financial aid, offers advice for managing their student loan funds, and outlines the responsibilities of student loan borrowers.
Lesson 103 What Do I Need to Know About Repaying My Student Loans?
Teaches your students how to plan for repaying their student loans, the repayment options available, and their responsibility for repaying those student loans.
Lesson 104 What if I Have Trouble Repaying My Student Loans?
Teaches your students the options available to borrowers who are having problems repaying their student loans, actions to take if they become past due, the impact of defaulting on their student loans, and the importance of preventing default.
Lesson 105 How Do I Manage My Student Loans While I Am In School?
Teaches your students how to gather information about their education loans and repayment options, compare expected income with estimated monthly student loan payments, and understand the responsibilities of being a student loan borrower.
Other USA Funds Life Skills courses address topics such as goal setting and academic success, balancing school and personal life, searching for employment, managing money and credit, and preparing for graduation and life after college.
Contact USA Funds for more information about USA Funds Life Skills or any of USA Funds’ other default prevention tools and solutions.