My Smart Borrowing, a great resource for improving student's borrowing habits is available. The website provides a range of resources including five tips on smart borrowing. After you sign up, you can begin browsing the site and having discussions about the information. Your students should be able to navigate the site at their own pace. Have them create a graphic organizer to guide them through the process.
iGrad
iGrad is an online tool that helps you manage your student loan debt and learn financial literacy. It is designed to help you create a budget and borrow only what you need. You can also access money management tips and a tool called the student loan snapshot that will allow you to keep track of all your federal student loans. There are videos that help students prepare for repayment and smart borrowing. iGrad will also send your loan data to National Student Loan Data System. Approved lenders and agencies can access this information.
Financial wellness hub
Financial wellness is an essential component of college education. My smart borrowing is one tool that can help students achieve that goal. You can benefit from this program, whether you are a first-generation student, a member a minority group, or a wealthy student. The website offers information and resources to help students get started on their path to financial wellbeing.
Career and college planning website
My smart borrowing is a site that provides practical advice about college borrowing. Its College Cost Calculator makes it easy to compare four colleges options and project your financial future. This website was created for recent college students and graduates who wish to borrow for college.
iGrad's smart borrowing program
iGrad is a student loan repayment platform that offers digital resources and financial education to help students manage student loans. For example, the site provides an interactive student loan tracking tool. This tool allows students find out how much money is needed to pay back each monthly after graduation. U.S. News and World Report states that several fintech companies play a significant role in student loan repayment.
iGrad has a tool to cancel loans
Money management is one of the most important skills that you can acquire in college. Using iGrad's loan cancellation tool is an easy way to make sure you're not carrying too much debt after graduation. This tool lets you view all your loans at once and allows you to talk to a student loan repayment advisor to determine how best to handle your finances.
Understanding loan repayment
Focus groups participants found it difficult to understand the student loan repayment process. Participants experienced many problems with debt repayment including missed payments and delays. They also didn't receive any relief from their financial woes. This caused financial stress and balance-sheet anxiety. The borrowers had no choice but to make hard tradeoffs in order keep their bills current. These people eventually turned to short-term solutions like deferment or forbearances.
Smart borrowing graphic organizer from iGrad
Smart borrowing is an essential skill for any college student, and the iGrad financial wellness hub can help you make smart decisions about student loan borrowing. The website has a lot of information, including videos, infographics, and articles on a range of topics. You will find information on topics such as investing, student loans and career development. iGrad also offers financial calculators that allow users to monitor their financial status in real-time.