David Eby’s Post

Here's the big problem with taking out student loans: No one teaches you HOW to do it responsibly. Many college prospects are blindly signing on the dotted line, and only learning four or more years later that they were exploited of by predatory lending tactics. Predatory lending is subprime lending, taking advantage of a customer for the sake of financial gain. It’s basically taking advantage of customer and consumer ignorance, which tends to adversely impact people in black and brown communities. The Prosp(a)rity Project's Briana B. Franklin sat down with Andrea Simon to discuss our latest initiative to provide early financial education for students BEFORE ever taking out a loan. 🩷Listen in here: https://lnkd.in/ew44_A6U

When it comes to financing your education, the best gift you can give yourself is only borrowing what you need. To help you minimize how much you borrow in student loans, here are 5 ways to lower the cost of tuition: 📚 Split your studies between 2 schools, like a university and a more affordable institution. 📚 See if you can earn college credits while still in high school. 📚 Apply for every scholarship you're eligible for. 📚 Keep in mind that the geographical location of your university will determine its overall cost. 📚 Work toward graduating early. We expand on each of these 5 tips here 👉 https://lnkd.in/gxzVGK-2

🌟 Proactive Strategies for Higher Education Institutions to Prevent Student Loan Default 🌟 Institutions of higher learning have a unique opportunity to assist students in managing their student loans and avoiding default. You can help your students navigate their financial responsibilities more effectively by providing targeted support and education. Actionable Steps for Institutions: 💠 Educational Workshops: Regularly offer workshops that explain loan terms, repayment strategies, and options like income-driven repayment plans. 💠 Financial Counseling: Provide access to financial advisors and loan counselors who can offer personalized guidance. 💠 Curriculum Integration: Incorporate financial literacy into your academic programs to ensure students are prepared to manage their finances. 💠 Contact Champion Col-EDGE Solutions for information on available default prevention programs for your institution: https://lnkd.in/guUwfhMp By taking these steps, you’re not just educating your students—you’re empowering them for future financial success. 🎓 #HigherEd #StudentLoans #DefaultPrevention #FinancialLiteracy #EducationLeadership

🌟 Proactive Strategies for Higher Education Institutions to Prevent Student Loan Default 🌟 Institutions of higher learning have a unique opportunity to assist students in managing their student loans and avoiding default. You can help your students navigate their financial responsibilities more effectively by providing targeted support and education. Actionable Steps for Institutions: 💠 Educational Workshops: Regularly offer workshops that explain loan terms, repayment strategies, and options like income-driven repayment plans. 💠 Financial Counseling: Provide access to financial advisors and loan counselors who can offer personalized guidance. 💠 Curriculum Integration: Incorporate financial literacy into your academic programs to ensure students are prepared to manage their finances. 💠 Contact Champion Col-EDGE Solutions for information on available default prevention programs for your institution: https://lnkd.in/g_ppWDmq By taking these steps, you’re not just educating your students—you’re empowering them for future financial success. 🎓 #HigherEd #StudentLoans #DefaultPrevention #FinancialLiteracy #EducationLeadership

Planning for college expenses? STCU is here to help you navigate the financial aspects of higher education! Our latest blog post is packed with tips on how to pay for college without draining your savings. From scholarships and grants to student loans and work-study programs, we've got you covered. Whether you're a student or a parent, our resources can help you make informed decisions about financing your education. https://lnkd.in/gHze8Ui8

📘🎓 Planning for college expenses? St. Michael's Credit Union understands the challenges of funding higher education. Our student loans provide a practical solution for covering tuition, books, and more, ensuring you or your child can pursue a college education without financial strain. Visit us today or apply online to see how we can help make your educational aspirations a reality.   #CollegePlanning #StudentLoans #StMichaelsCU

Looking for tips on how to finance your education abroad? Join our webinar “The Path to Affordable Education: Merit Scholarships, Financial Aid, Student Loans, and Student Work”. Register today! 📚

Starting in February, we will begin forgiving the remaining federal student loan balance for borrowers who ✅ are on the Saving on a Valuable Education (SAVE) Plan; ✅ originally borrowed $12,000 or less to attend school; and ✅ have at least 10 years of payment history. It does not matter if your outstanding balance is higher than what you originally borrowed. Learn more about early forgiveness and other benefits in 2024: StudentAid.gov/save

It's Financial Aid Literacy Month! Parents, this is a great time to talk with your high school student about paying for college. There are so many options: using savings, searching for scholarships, planning for a work study or a part-time job, and taking a student loan. Having this important conversation is the first step. #financialaid #financialaidliteracymonth #financialliteracy #CollegeRaptor

Masterclass Replay: 5 Ways to Stand Out On Your College Application and Win Scholarships This class was SO good I felt bad not sharing it with you! Parents of 8th-11th graders- this masterclass is for you if you have any of these concerns: -When should I start planning for college if I want scholarships? -What are colleges looking for? -My child does not know what they want to do after high school -How does my child start a Passion Project and how many service hours do they need? -My SAI (how much colleges think you can afford) is high, is there anything I can do? -How do we win the BIG scholarships? -We don't want our child to go into student loan debt but feel stuck I will leave the link in the comments if you'd like to tune in!