Purpose: The purpose of this discussion is to learn more about financial literacy, in particular with regard to the student loan process. The goal is to provide an understanding of your financing options, and the implications of student loan debt.
Instructions: After viewing the financial literacy resources in the Module/Week 4 Reading & Study folder, answer the following questions in an initial thread.  Your initial thread should be at least 200-250 words, but the goal is for you to thoughtfully engage with each question.

Financial Literacy Resources:
https://www.nerdwallet.com/article/loans/student-loans/how-to-pay-for-college
https://www.anthonyoneal.com/resources
https://animoto.com/play/cQKHmE33MlxvwfvqJZL9Kg
https://www.youtube.com/watch?v=Nqs0CvY-PmI
https://www.youtube.com/watch?v=iRsXFrcof7Q&feature=youtu.be

Thread:
1. What are some ways a student can pay for college?
2. What are some ways you can reduce or avoid student loans?
3. Imagine you just graduated with $30,000 in student loan debt. Using this calculator, calculate how long it would take you to pay it off with a minimum monthly payment of $250 and an interest rate of 5%. Record how many months/years it will take and how much interest you will pay. Next, add to the minimum monthly payment of $250 a dollar amount you think you could spare each month and record how many months/years it will take to pay it off, and how much interest you will pay. Reflect on the results. Did they surprise you? What are some things you can do to pay the debt off faster? What could you do with that money each month if you didnt have the debt?