Private education loans offer a scalable and flexible source of funding for African students. With the option of private education loans, African students do not have to solely rely on the scholarship lottery to finance their education abroad. Accessible and affordable loans enable African students to proactively invest in their future. In this course, you will learn everything you need to know about student loans and what you need to do to qualify for them.
Course Description
This course is designed to educate prospective student loan borrowers about 8B’s student loan program and help them make informed decisions regarding their higher education financing. The course will cover the essentials of financial literacy when it comes to applying for, managing, and repaying student loans. Our goal is to ensure that students have the knowledge to make responsible borrowing decisions and effectively manage their student loans.
Course Objectives
Upon completion of this course, students will be able to:
- Understand the 8B Education loan program and its benefits.
- Evaluate various financing options for higher education.
- Make informed decisions about borrowing and repaying student loans.
- Develop a personal financial plan that incorporates responsible borrowing and loan management strategies.
Course Format
This course will be delivered through a combination of pre-recorded video lessons, readings, and quizzes. Students will have access to discussion forums to share experiences, ask questions, and collaborate with peers.
Assessment
Students will be assessed through quizzes, participation in discussion forums, and a final project, which will involve creating a personalized financial plan that incorporates responsible borrowing and loan management strategies.
Course Materials
- Financial education articles and videos, which will be provided throughout the course
- Personal finance and student loan management tools and resources
By the end of the course, prospective student loan borrowers will have gained a solid understanding of financial literacy related to student loans, which will enable them to make informed decisions about financing their higher education.
Course Content
- Lesson 1: Introduction to 8B’s Loan Program, 3 Topics
- Lesson 2: Understanding Financial Aid Options, 4 Topics
- Lesson 3: Responsible Borrowing, 6 Topics
- Lesson 4: Managing and Repaying Student Loans, 8 Topics
- Lesson 5: Personal Finance Planning, 4 Topics
- Lesson 6: Financial Literacy Resources and Tools, 3 Topics
