Higher Education

In this everfi module I learned many new things. I learned a few things about loans. For example, a FAFSA is the Federal Application for Student Aid, which can be submitted online or by mail. And by using the FAFSA form you can apply for federal student loan and federal work study-program. I also learned about interest rate. A federal student loan will offer the lowest interest rate.

Renting vs. Owning

In this everfi module, Renting vs. Owning, I learned that owning a house can be less expensive than renting a house. For me, renting a house would be better because I will save more money. Owning a house can start over 500,000 dollars. And renting a house can be 1,200 dollars. I also learned that owning a house means you will have to have a mortgage. To get a mortgage you will have to go to the bank and ask for a loan. You'll first need to make a down payment. Based on your financial history the bank can decide how much money to give you. Also if you don't pay your mortgage the bank has the right to take your house. On the other hand renting a house isn't that complicated. Therefore, in my opinion, later on in life I rather rent a house. 

Student Debt and Higher Education

The video One Trillion Dollars, Student Debt and Higher Education: Greg Gottesman at TEDxSeattle  talks about an issue. The issue that he talks about is that there is One trillion dollars in student debt in the Unites States. There is more student debt than any other debt in the world. From this video I have learned that tuition is up a thousand percent since 1978. I also learned that you pay 1000 dollars a month for your college tuition. Also learned that when I go to college I have to save a lot of money to pay off my student loans.

Banking

In this everfi module I learned many new things. One thing that I learned is that putting your money in the bank is a smart idea. It's also a safe place for your money. You also earn interest on your money. But, there you have to know the different kind of banks to put your safe money into. One type of bank is a retail bank. A retail bank is when a bank executes transactions directly with costumers, rather than corporations or other banks. Another type of bank is credit union. A credit union is when a non- profit making money cooperative whose members can borrow from pooled deposits at low interest rates. The last type of bank is a bank online. In the future i believe that i would put my money in the bank to keep it safe. I would recommend it to everyone.  

Savings

 

This module help me understand many important things. One important thing that this everfi module has taught me was that saving money is important. You can save your money for many different things, important or unimportant. you can save money to pay for college in the future, and you can also save money to go shopping later. I would advise everyone to save money. I know that i would definitely save money in my future.