- 9:00 a.m. - 3:00 p.m.
- The New York Public Library, Science, Industry and Business Library, 188 Madison Avenue, 1st FL., New York, NY 10016-4314
- Presenter: Doug Young, CEE Director for Professional Development, Chris Dlugozima, Green Path Debt Solutions, and Michael Turner, New York State Higher Education Services Corporation
- National Center Workshops
- Financial Literacy
The cost of college quoted or listed is not the real cost. The actual costs consist of a lot more than tuition, books, supplies, room and board. What are the miscellaneous, hidden expenses and borrowing costs that need to be considered when budgeting? Do you understand the differences between a grant, scholarship or loan and the requirements of each? What about the student-debt dilemma, the six payback options, forgiveness, forbearance and deferments?
Don’t let the “debt bomb” put your family into a financial crises. Find out the real skinny on college costs. With college loan debt now exceeding credit card debt and the number of Americans filing for bankruptcy almost equaling the number of students graduating from college, educators need to add this financial literacy component into their schools. Topics to be covered include: Types of funding sources (grants, scholarships, and loans), FAFSA Prep, opportunity cost in funding, debt, borrowing, interest rates, subsidized v. unsubsidized loans, repayment plan options, consolidation, forbearance, forgiveness and the perils of defaulting on loans plus much more.
Registration for this workshop begins at 8:30 a.m.