Though not strictly a “study skill,” wise money management certainly plays an important role in students’ ability to plan and provide for the expenses related to their college education.
This activity, drawn from the Instructor’s Manual for Joel English’s Plugged In: Succeeding as an Online Learner, can help students become more aware of their financial resources and responsibilities. Though these particular questions pertain to school-related expenditures, the awareness and experience that students gain by thinking about these issues today can prepare them for the types of decisions they’ll need to make once they graduate.
Personal Financial Summary
Too often, students get into a college program without a clear understanding about the costs associated with school and without knowing the terms of their grants, scholarships, and loans. Though students are provided an award letter and must formally accept any loans that they apply for, they often allow unanswered questions to linger and don’t fully understand the debt they may or may not be taking on. This assignment asks students to reflect upon the key elements of their personal student finance and, when they are unsure of an answer, asks them to contact the appropriate staff to find the answers. The student can be given these questions through the LMS dialog system or respond to them via word processing document. Feel free to add or change questions to this list to include any important information about the terms within your institution.
Reference: English, Joel A. Instructor’s Manual for Plugged In: Succeeding as an Online Learner. 2014. Boston, MA: Wadsworth, Cengage Learning.
Do you address money management with your students? If so, how do you cover these topics in your course? Share your ideas below.