for parents

Video Series 4

Part 1 of 3

Congratulations, parents!  Your son or daughter is considering the path to getting a university or technical degree. 

An education is a wise investment in the future but getting the most out of that investment is critical to your child’s success. 

*** Play the video and answer the key takeaways. ***

12

Key Takeaways Review 1

1 / 1

If you co-sign student loans or Parent Plus loans and you or your child cannot replay them, don’t worry, you can always file for bankruptcy.

Part 2 of 3

You can help your student avoid the debt traps and the resulting consequences of borrowing too much. 

This begins by understanding that not every degree at every technical college or university will provide the same return.

Not that long ago, the common wisdom was that getting a college education would naturally result in a great career. 

6

Key Takeaways Review 2

1 / 1

Identify some suggestions shared to avoid debt traps. Check all that apply.

Part 3 of 3

The loan process begins with you and your student filling out the FAFSA — short for the Free Application for Federal Student Aid — a document which uses your personal financial information to determine which loans, grants, and scholarships your child can qualify for. 

Even if the student does not intend to take out student loans, he or she must fill out the FAFSA in order to qualify for any scholarships or grants that the institution may offer.

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Key Takeaways Review 3

1 / 1

What is the name of the federal application all students should fill out before applying for college?