The Fundamentals of Managing Student Loans
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The Fundamentals of Managing Student Loans

Learn what the Federal Government Recommends. Determine How Much You Should Borrow and Why Some Struggle and Default.
0.0 (0 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
0 students enrolled
Created by Raj Gupta
Last updated 3/2020
English
English [Auto-generated]
Current price: $86.99 Original price: $124.99 Discount: 30% off
5 hours left at this price!
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This course includes
  • 5 hours on-demand video
  • 47 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • You will learn how to analyze the Federal Student Aid Office recommendations.
  • You will learn about the different types of Loans and how interest is calculated.
  • You will learn how to estimate how much you should borrow in Student Loans.
  • You will learn why Time Value of Money Concepts are key when taking out Loans.
  • You will learn what you can do so your kids do can avoid high levels of Student Loans.
  • You will learn why understanding Finance Fundamentals is key when taking out Loans.
  • You will learn how to determine Economic Breakeven for a business project.
  • You will learn about the Money Supply and why Asset Values are notional.
Requirements
  • No Prerequisites are necessary. We will cover all basic fundamentals before we cover Student Loan Fundamentals, Time Value of Money and Finance Fundamentals.
Description

This Course is about Student Loans in the United States. There are more than 42 million people with outstanding Student Loans in the United States. Yet, Surveys show that the details of Student Loans are not very well understood. In this Course, we will examine Student Loans in detail. We will begin with Salary Information and the Level of Student Loans those Salary Levels can support, comfortably. Next, we will examine the different types of Student Loans as well as how interest rates vary by Loan. Further, we will cover Time Value of Money Concepts such as Present Value, Future Value, Compounding Frequencies and the Discounting Process. One key detail that we will highlight, is that, unlike Mortgages are Car Loans, Student Loans are compounded Daily. This has significant impact on the borrower. Finally, we will examine existing and emerging Alternatives to Student Loans.

Who this course is for:
  • This Course is for Current and Future Borrowers of Student Loans.
  • This Course is for Parent Borrowers and Parents of Current and Future Borrowers.
  • This Course is also for Parents who want to optimize Student Loan Borrowing for their children.
  • This Course is also for high school and college counselors.
Course content
Expand all 55 lectures 05:00:00
+ Fundamentals of Student Loans
21 lectures 01:54:44

After viewing this Lecture Video, you will learn the structure of the Federal Government and which Executive Departments we will be drawing data from.

Some Important Details
03:13

In this Lecture Video, we will be examining the Data Sources for this Course in detail.

Course Materials
09:49

In this Lecture Video, we will be examining Salaries by Occupation and College Major.

Salaries by Occupation and College Major
10:21

In this Lecture Video, we will develop a formula to determine how much you can borrow in Student Loans.

The Student Loans Formula
08:14

In this Lecture Video, we will set the stage for Discussions on Taxes and Household Budgets.

Introduction to Taxes and Budgets
02:20

In this Lecture Video, we will examine the Section of the BLS website, where Consumer Expenditure Files are presented.

Taxes and Budgets Data Files
06:11

In this Lecture Video, we will examine the characteristics of the data in the Consumer Expenditures files.

Taxes and Budgets Data Characteristics
05:58

In this Lecture Video, we will examine taxes and Household Budgets by Age.

Taxes and Budgets by Age
03:58

In this Lecture Video, we will examine Taxes and Household Budgets by composition of Consumer Unit.

Taxes and Budgets by Consumer Unit
04:08

In this Lecture Video, we will examine Taxes and Household Budgets by the highest Education Level of any member.

Taxes and Budgets by Education Level
03:00

In this Lecture Video, we will examine Taxes and Household Budgets by Income Level.

Taxes and Budgets by Income Levels
02:54

In this Lecture Video, we will examine Taxes and Household Budgets by Occupation.

Taxes and Budgets by Occupation
02:49

In this Lecture Video, we will examine changes in the Data presented in Consumer Expenditure Files.

Changes in Tax and Budget Estimates
04:20

In this Lecture Video, we will set the stage for our Discussions of Student Loan Fundamentals.

Insights on Student Loans
01:06

After viewing this Lecture Video, you will understand the Fundamentals of Student Loans.

Fundamentals of Student Loans
08:47

In this Lecture Video, we will set the stage for our discussions on Student Loan Statistics.

Insights on Student Loans Statistics
02:07

After viewing this Lecture Video, you will become familiar with Student Loans Statistics.

Student Loans Statistics
11:40

In this Lecture Video, we will set the stage for Time Value of Money Analysis.

Some Thoughts on Default
01:07
+ Time Value of Money
16 lectures 01:27:26

In this Lecture Video, we will define Time Value of Money analysis.

Introduction to Time Value of Money
02:19

In this Lecture Video, we will cover the basics of Excel.

The Basics of Excel
02:36

After viewing this Lecture Video, you will understand the distinctions between Present Values and Future Values.

Present Values and Future Values
06:16

After viewing this Lecture Video, you will be able to calculate Future Values using the FV Function in Excel.

Compounding
10:29

After viewing this Lecture Video, you will be able to calculate Effective Interest Rates using the EFFECT Function in Excel.

Compounding Frequency
04:38

After viewing this Lecture Video, you will be able to value Annuities.

Annuities
09:00

After viewing this Lecture Video, you will be able to calculate Present Values using the PV Function in Excel.

Discounting
06:14

In this Lecture Video, we will recap all the Formulas covered in the previous Lectures.

Formula Recap
09:31

In this Lecture Video, we will set the stage for Student Loan calculations.

Insights on the Student Loans Formula
02:58

In this Lecture Video, we will calculate optimal levels of student loans for various occupations.

Determining Optimal Borrowing Levels
04:45

In this Lecture Video, we will set the stage for additional Time Value of Money applications.

More Time Value of Money Insights
00:50

In this Lecture Video, we will illustrate the applications of Time Value of Money concepts to Mortgages.

Mortgages
04:57

In this Lecture Video, we will illustrate the applications of Time Value of Money concepts to Car Loans.

Car Loans
03:16

In this Lecture Video, we will illustrate how to calculate Economic Breakeven.

Net Present Value and Breakeven
12:10

In this Lecture Video, we will illustrate the application of Time Value of Money concepts to Retirement Annuities.

Retirement Annuities
04:52

In this Lecture Video, we will set the stage for Discussions of Finance Fundamentals.

Further Financial Insights
02:35
+ Finance Fundamentals
18 lectures 01:37:50

In this Lecture Video, we will discuss the concept that Asset Values are notional.

Asset Values are Notional
04:37

In this Lecture Video, we will discuss the money supply in the United States.

The Money Supply
06:44

In this Lecture Video, we will distinguish depository institutions from non-depository institutions.

Depository and Non-Depository Institutions
03:15

In this Lecture Video, we will examine the different types of Financial Institutions.

Banks and Financial Institutions
06:04

In this Lecture Video, we will discuss insights on Financial Tools.

Insights on Financial Tools or Accounts
02:18

In this Lecture Video, we will discuss the Saving and Investing process. We will also discuss 401k matches and vesting.

Saving and Investing
10:09

In this Lecture Video, we will set the stage for a Discussion on Company Formation.

Types of Companies
00:52

In this Lecture Video, we will discuss Company Formation.

How Companies are Started
11:53

In this Lecture Video, we will set the stage for a discussion of stock exchanges and publicly traded companies.

Insights on Stock Exchanges
00:53

In this Lecture Video, we will examine Stock Markets and Exchanges.

Stock Markets and Exchanges
13:48

In this Lecture Video, we will examine the key difference between open-end funds and closed-end funds and set the stage for a discussion on college financing.

Insights on Financing College
02:59

In this Lecture Video, we will examine different ways of financing college.

Financing Your College Education
06:06

In this Lecture Video, we will set the stage for a Discussion of Personal Balance Sheets after college and law/medical/professional/grad school.

Insights on Personal Balance Sheets
01:00

In this Lecture Video, we will discuss what Personal Balance Sheets look like after college and law/medical/professional/grad school.

Your Personal Balance Sheet After College
08:28

In this Lecture Video, we will discuss how to manage student loans as you start to build up your Savings.

Managing Student Loans After School
08:23

In this segment, I discuss insights from my interview with Sherry Chen.

Full Interview with Sherry Chen
00:31

In this segment, my full interview with Sherry Chen is presented.

Interview with Sherry Chen
06:49

In this Segment, I provide some concluding insights.

Concluding Remarks
03:01