My Smart Borrowing can help you improve student borrowing habits. This website has a wide range of resources. It even offers five tips for smart borrowing. After signing up, you will be able to start browsing and discussing information on the website. Make sure you set a pace and assign students to create a graphic organizer.
iGrad
iGrad, an online tool, helps you to manage student loan debt and improve your financial literacy. It is designed to help you create a budget and borrow only what you need. Additionally, you can access money management tips like a student loan snapshot to help you keep track of your federal student debt. Videos are also available on the platform that will help students learn how to borrow smartly and prepare for repayment. iGrad submits your loan information to the National Student Loan Data System. This data can be accessed only by approved lenders or agencies.
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. This program can be used by anyone, no matter if you're a student of color, first-generation or otherwise. The website offers information and resources to help students get started on their path to financial wellbeing.
Site for planning your career and college
My smart borrowing offers advice and practical guidance on how to borrow college loans. Its College Cost Calculator allows users to compare four college options, and forecast their financial future. This website is for recent college graduates and students who want to borrow money for college.
Smart borrowing with iGrad
iGrad provides financial education and digital resources to students as part of its student loan repayment program. The site offers an interactive tool for tracking student loans. This tool allows students to calculate how much they will have to repay each month after graduation. U.S. News and World Report states that several fintech companies play a significant role in student loan repayment.
iGrad offers a loan cancellation tool
Money management is one of the most important skills that you can acquire in college. Using iGrad’s tool to cancel loans is a quick way to ensure you don’t accumulate too much debt upon graduation. You can view all of your loans from one place. Additionally, you can speak to a Student Loan Repayment Advisor to help you determine the best way to manage your finances.
Understanding loan repayment
Many participants in focus groups found the student loan repayment system to be difficult to navigate. They had a number of issues related to debt repayment. These included missed payments, delays, and missed payments. They were also unable to find sustained and immediate relief from their financial troubles. 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 skills are essential for college students. The iGrad Financial Wellness Hub can help you make informed decisions about student loan borrowing. This website provides a wealth information including videos, articles and infographics on many topics. The topics covered include investing, student loans, career development, and investing. iGrad also offers financial calculators that allow users to monitor their financial status in real-time.