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Financial Planning Made Simple

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Uploaded on Feb 11, 2011

The Imagine America Foundation, a career education scholarship provider and research organization, seeks to decrease the student loan default rate by educating students about responsible borrowing. In March, the foundation is releasing a new interactive video, "Financial Planning Made Simple," for career college students. Colleges that participate in the Imagine America scholarship and award programs will be required to use it as an online training tool.

The easy-to-use interactive video will allow students to choose between either a male or female avatar who will walk them through a variety of important educational financial decisions. The 18-minute tutorial will discuss aspects such as budgeting, borrowing and repayment.

The avatars are shown calculating their budgets by displaying the amount and location of their spending. The avatars also are shown meeting with a financial aid advisor. Students can follow along and learn about different terms by clicking on words linking them to further information regarding consolidation, forbearance, deferment and default.

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