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Given two different student loan options, compare the advantages and disadvantages of each loan’s interest rate, monthly payment and total cost.

Number: MA.912.FL.3.AP.7	Category: Access Points
Date Adopted or Revised: 03/23	Standard: Describe the advantages and disadvantages of short-term and long-term purchases.

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MA.912.FL.3.7:

Compare the advantages and disadvantages of different types of student loans by manipulating a variety of variables and calculating the total cost using spreadsheets and other technology.

Clarifications:
Clarification 1: Instruction includes students researching the latest information on different student loan options.

Clarification 2: Instruction includes comparing subsidized (Stafford), unsubsidized, direct unsubsidized and PLUS loans.

Clarification 3: Instruction includes considering different repayment plans, including deferred payments and forbearance.

Clarification 4: Instruction includes how interest on student loans may affect one’s income taxes.

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Access Point #: MA.912.FL.3.AP.7

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