https://cashcourse.org/assets/08-06-l04-s03-0qLS3qcg.js

1import{M as l,N as c}from"./SectionRouter-ngpXoYPp.js";import{s as r}from"./section-mixin-DSjQH9QI.js";import{_ as d,x as a,o as u,v as p,w as m,i as e,a as s,h as v}from"./index-dTZKzxlM.js";import"./LoadingIndicator-BD4Jf9DD.js";const h={name:"08-06-l04-s03",mixins:[r],components:{NavigateExternalWebsite:c,MaterialSection:l}},g={class:"container-fluid content subsection ss-topaz"},y={class:"container center px-3"};function f(o,t,_,x,b,w){const n=a("navigate-external-website"),i=a("material-section");return u(),p(i,{"section-title":"Section Three",title:"Evaluate and Prioritize the Offers","background-class":"lesson-section-header"},{default:m(()=>[t[2]||(t[2]=e("div",{class:"container-fluid content subsection ss-cloud",id:"ss_n08_06_l04_s03_ss01"},[e("div",{class:"container"},[e("div",{class:"text_component"},[e("h3",null,"Your offer will include up to three types of financial aid:"),e("div",{class:"text"}),e("span")]),e("div",{class:"row columncomponent style 1"},[e("div",{class:"col","data-index":"0"},[e("div",{class:"image_component top"},[e("div",{class:"image-container fit-icon"},[e("img",{src:"https://res.cloudinary.com/dgkpuiqpz/image/upload/v1720560653/cashAndThreeStars_dark.svg",alt:"",class:""})]),e("p",{class:"h4-title"},"Grants and Scholarships"),e("div",{class:"text"})])]),e("div",{class:"col","data-index":"1"},[e("div",{class:"image_component top"},[e("div",{class:"image-container fit-icon"},[e("img",{src:"https://res.cloudinary.com/dgkpuiqpz/image/upload/v1720558769/personClimbingChartThreeStars_light.svg",alt:"",class:""})]),e("p",{class:"h4-title"},"Work Study"),e("div",{class:"text"})])]),e("div",{class:"col","data-index":"2"},[e("div",{class:"image_component top"},[e("div",{class:"image-container fit-icon"},[e("img",{src:"https://res.cloudinary.com/dgkpuiqpz/image/upload/v1720554347/moneyBagAndOneStar_light.svg",alt:"",class:""})]),e("p",{class:"h4-title"},"Student Loans (aka “Debt”)"),e("div",{class:"text"})])])]),e("div",{class:"text_component"},[e("div",{class:"text center"},"So, how do you know which is best? There’s a simple rule: Accept free money first, and borrow only if you need to."),e("span")])])],-1)),t[3]||(t[3]=e("div",{class:"container-fluid content subsection ss-midnight",id:"ss_n08_06_l04_s03_ss01_pt_2__copy_"},[e("div",{class:"container"},[e("div",{class:"text_component"},[e("h3",null,"Money You Don’t Have to Pay Back"),e("div",{class:"text"},"These aid types reduce your dependence on loans and the need to pay interest on them."),e("span")]),e("div",{class:"image_component left"},[e("div",{class:"image-container crop-all"},[e("img",{src:"https://res.cloudinary.com/dgkpuiqpz/image/upload/v1720559718/cashAndThreeStars_light.svg",alt:"",class:""})]),e("h4",null,"Grants and Scholarships"),e("div",{class:"text"},"Free money! Take all you can get but pay attention to any requirements they place on you.")]),e("div",{class:"image_component left"},[e("div",{class:"image-container crop-all"},[e("img",{src:"https://res.cloudinary.com/dgkpuiqpz/image/upload/v1720558769/personClimbingChartThreeStars_light.svg",alt:"",class:""})]),e("h4",null,"Work Study"),e("div",{class:"text"},"Money earned through work-study jobs does not count as income on the FAFSA. That makes it easier to qualify for future student aid.")])])],-1)),t[4]||(t[4]=e("div",{class:"container-fluid content subsection ss-seafoam"},[e("div",{class:"container center px-3"},[e("h2",null,"Money You Have to Pay Back"),e("p",null,"Loans are debt. You’ll have to repay what you borrow plus interest. Take on loans only after you’ve exhausted other options."),e("p",null,"Some loans are worse than others, so make sure you accept the best ones first."),e("div",{class:"text mini-number-list-dark"},[e("ol",null,[e("li",null,[e("strong",null," Direct Subsidized Loan"),s(" - Has a low interest rate and your interest will be paid while you’re in school.")]),e("li",null,[e("strong",null,"Direct Unsubsidized Loan"),s(" - Same low interest rate, but your interest won’t be paid while you’re in school.")]),e("li",null,[e("strong",null,"Parent PLUS Loan"),s(" - Higher interest rate. Plus, your parents will need to apply for this loan.")]),e("li",null,[e("strong",null,"School or State Government Loans"),s(" - If you need even more money, accept this type of loan next (if available).")]),e("li",null,[e("strong",null,"Private Loans"),s(" - These loans usually have a higher interest rate and little chance of loan forgiveness.")])])])])],-1)),t[5]||(t[5]=e("div",{class:"container-fluid content subsection ss-grape",id:"ss_n08_06_l04_s03_ss02"},[e("div",{class:"container"},[e("h2",{class:"center line-below"},"Remember"),e("div",{class:"text_component"},[e("div",{class:"text center"},"You do NOT have to accept the full amount of the loans listed on your award letter. You should borrow only what you need for the year. If you do not need all of the loan amounts listed, tell your financial aid office that you want to borrow less money. Your future self will thank you."),e("span")])])],-1)),t[6]||(t[6]=e("div",{class:"container-fluid content subsection ss-lemon",id:"ss_n08_06_l04_s03_ss03"},[e("div",{class:"container"},[e("h2",{class:"center"},"Before You Accept Loans"),e("div",{class:"image_component left"},[e("div",{class:"image-container crop-all"},[e("img",{src:"https://res.cloudinary.com/dgkpuiqpz/image/upload/v1720554702/calculator02_dark.svg",alt:"",class:""})]),e("div",{class:"text vertical-center"},"Use your school’s net price calculator to determine your cost of attendance.")]),e("div",{class:"image_component right"},[e("div",{class:"image-container crop-all"},[e("img",{src:"https://res.cloudinary.com/dgkpuiqpz/image/upload/v1720560161/receipt_dark.svg",alt:"",class:""})]),e("div",{class:"text vertical-center"},"Subtract all of your free financial aid from the cost of attendance (your net price).")]),e("div",{class:"image_component left"},[e("div",{class:"image-container crop-all"},[e("img",{src:"https://res.cloudinary.com/dgkpuiqpz/image/upload/v1720556867/walletAndCreditCard_dark.svg",alt:"",class:""})]),e("div",{class:"text vertical-center"},"Review your budget to determine the amount you can pay out of pocket.")]),e("div",{class:"image_component right"},[e("div",{class:"image-container crop-all"},[e("img",{src:"https://res.cloudinary.com/dgkpuiqpz/image/upload/v1720556851/moneyBagExchange_dark.svg",alt:"",class:""})]),e("div",{class:"text vertical-center"},"What’s left should be approximately the amount you need to borrow.")])])],-1)),e("div",g,[e("div",y,[t[0]||(t[0]=e("h2",{class:"line-below"},"Resource",-1)),t[1]||(t[1]=e("p",null,"You can find a school’s net price calculator by visiting the Department of Education’s website.",-1)),v(n,{"button-text":"Launch Net Price Calculator Center",class:"btn-primary-dark",href:"https://collegecost.ed.gov/net-price",context:o.context},null,8,["context"])])])]),_:1})}

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