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Unit Planner: Paying for College
Personal Finance Virtual 12
Thursday, October 6, 2016, 6:25AM
High School > 2016-2017 > Mixed-Grade High School > Business & Careers > Personal Finance Virtual 12 (C) >
Week 15 - Week 16
Abrams, Linda; Dexter, Christopher; Drelick, Brian
Transfer
Standards
NJ: 2016 SLS: Literacy in History/Social Studies, Science, & Technical Subjects 6-12
NJ: Grades 9-10
Reading: History/Social Studies
Integration of Knowledge and Ideas
NJSLSA.R7 Integrate and evaluate content presented in diverse formats and media, including visually and
quantitatively, as well as in words.
RH.9-10.7. Integrate quantitative or technical analysis (e.g., charts, research data) with qualitative analysis in print or
digital text, to analyze information presented via different mediums.
NJ: 2014 SLS: 21st Century Life and Careers
NJ: Grade 12
9.1 Personal Financial Literacy
Strand A: Income And Careers
9.1.12.A.3 Analyze the relationship between various careers and personal earning goals.
Strand B: Money Management
9.1.12.B.1 Prioritize financial decisions by systematically considering alternatives and possible consequences.
9.1.12.B.2 Compare strategies for saving and investing and the factors that influence how much should be saved or
invested to meet financial goals.
Strand C: Credit And Debt Management
9.1.12.C.3 Compute and assess the accumulating effect of interest paid over time when using a variety of sources of
credit.
Copyright © State of New Jersey, 1996 - 2016.
Enduring Understandings / Big Ideas
 College provides better prospects for the future, both financially and in personal growth
 When researching colleges, look for the Net Price instead of the Sticker Price - it is what you will actually
pay
 Grants and scholarships are "free money" while loans must be repaid.
 Filling out the FAFSA and researching scholarships enables you to get the most free money possible.
 Always pursue Federal loans first, then look for cost-saving measures, and then explore private loan
options.
 Avoid borrowing more in student loans than your expected first year salary.
Essential Questions
 Is college really really worth it?
 Should I go to a community college first?
 Do I really need 20 years to pay off my college loan?
Student Learning Objectives
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Explain the potential quantitative and qualitative value of a college education
Describe the costs of a college education
Distinguish between the sticker and net price when it comes to college costs.
Outline the pros and cons of various methods of paying for college
Understand the purpose of the FAFSA in securing financial aid
List the items required to file the FAFSA
Analyze the current trends of increasing student loan debt and its impact on students
Explain key strategies to be a responsible borrower
Identify the basic features and differences between federal and private student loans
Research average student loan debt at colleges and compare it to potential first year salaries
Explain how changes in loan debt, interest rates and monthly payments affect the time it takes to pay off
student loans
Guiding Questions
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What is the "Sticker Price" of college?
What is the difference between a grant and a loan?
What is the difference between federal and private student loans?
Does everyone get merit based aid?
What is a Pell grant?
Assessments
Paying for College Test
Summative: Test: Test
Final Test
Quiz.doc
College Day 1
Formative: Test: Test
4 Question quiz
Activities / Strategies
Paying For College Activity
FAFSA Activity
Researching College Costs - Private vs. Public
5.1 Sticker Price vs. Net Price
5.3 Types of Student Loans
5.1 Paying for College Basics.docx
5.2 FAFSA Basics.docx
5.3 Student Loans.docx
5.1_Sticker Price vs. Net Price.docx
5.3 _ Types of Student Loans Activity.docx
Resources
https://fafsa.ed.gov/
Modifications / Differentiated Instruction
Atlas Version 8.1.1
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