My Smart Borrowing is an excellent resource if you want to help your student borrow less. The website provides a range of resources including five tips on smart borrowing. Once you've signed up, you are able to browse and discuss the information. 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's designed to help you make a budget and only borrow what is necessary. In addition, the program offers money management tips, including a student loan snapshot tool, that lets you track all your federal student loan debt. There are videos that help students prepare for repayment and smart borrowing. iGrad also sends your loan data into the National Student Loan Data System. These can be accessed by approved agencies or lenders.
Financial wellness hub
My smart lending is one tool students have that can help them achieve financial wellness. This program can be used by anyone, no matter if you're a student of color, first-generation or otherwise. The free website includes information and resources to help you get started on a path to financial wellness.
Website for college and career planning
My smart borrowing, a website dedicated to college planning and career advice, offers useful information on college borrowing. Its College Cost Calculator makes it easy to compare four colleges options and project your financial future. This website is for recent college graduates and students who want to borrow money for college.
Smart borrowing programs by iGrad
iGrad's student loan repayment initiative provides digital resources and financial education that students can use to manage their student loans. You can use the interactive student loan tracking tool to track your loans. This tool allows students to calculate how much they will have to repay each month after graduation. U.S. News and World Report says that many fintech firms are playing an important role in student loan repayment.
iGrad's loan cancelling tool
How to manage money is one the most important skills college students can learn. Using iGrad’s loan cancellation tool will help you make sure that you don't have too much debt after 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 of the focus group participants found the student loans repayment system confusing. They experienced a variety of problems relating to their debt repayment, including 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 ended up resorting to short-term options such as deferment, forbearance, and other temporary solutions.
Smart borrowing graphic organizer by iGrad
Smart borrowing skills are essential for college students. The iGrad Financial Wellness Hub can help you make informed decisions about student loan borrowing. You will find a wide range of information on the website, including articles, videos and infographics. There are many topics that can be covered, including investing, student loans, and career planning. iGrad also offers financial calculators that allow users to monitor their financial status in real-time.