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Champion Empowerment Institute

Financial Literacy for Student Loans

Individual Course $66.00 · Member Price: $0.00

Prerequisite 

Champion’s Why is FINANCIAL LITERACY Important? is a required prior to taking this course. Completion is needed to receive the Certificate of Completion and Badge.  Champion also recommends our basic math course, Subtracting Adds to Your Life, if you are a little rusty on adding and subtracting. It will support your learning for creating and maintaining a realistic budget. This is an optional course, so it is not a prerequisite.  Champion’s Financial Literacy for Student Loans course has been created to help you understand the rights, responsibilities, and options for avoiding default for student loans.  This course will provide you with knowledge to: 
  • Make wise decisions about student loan forgiveness and the consequences of such
  • Understand the short- and long-term consequences of student loan defaults
  • Understand how interest accrues and is charged to make sound decisions and reduce the cost of our loans
  • Understand the short- and long-term implications of each repayment schedule so you can make the best choice for your future
  • Temporarily reduce or delay payments when needed 
  • Avoid student loan scams 
This course is best experienced by reading it in the order presented below. Please click on the first lesson below to get started.
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Lessons

  1. LESSON 1: Student Loan Forgiveness Realities VS Misconceptions
  2. LESSON 2: Forgiveness May Be A Taxable Event
  3. LESSON 3: Loan Subsidies and Discharges effective July 1, 2026
  4. LESSON 1: Repaying Federal Debt IS a Serious Obligation
  5. LESSON 2: Consequences of Default
  6. LESSON 3: Rehabilitation After Default
  7. LESSON 2: Accrued Unpaid Interest Is Costly
  8. LESSON 3: Interest-Only Payments Don’t Reduce Debt
  9. LESSON 4: Principal and Interest Payments Reduce the Cost of Debt
  10. LESSON 1: Standard and Extended Repayment Schedules Reduce Debt
  11. LESSON 2: Graduated Repayment Plan Can Be Unmanageable
  12. LESSON 3: Income-Driven Repayment Plans Can Be Costly and Consequential
  13. LESSON 5: Subsidized and Unsubsidized Interest
  14. LESSON 1: Understanding Interest is in Your Best Interest
  15. LESSON 1: Deferment
  16. LESSON 2: Forbearance
  17. LESSON 1: Avoiding Scams
  18. LESSON 3: Loan Consolidation Pros and Cons
  19. LESSON 1: Accessing Your Federal Student Loan Portal
  20. LESSON 2: Accessing Federal Student Loan Servicers
  21. LESSON 3: What Are Third Party Servicers?
  22. LESSON 5: What Happens When My Loans Are Transferred?
  23. LESSON 4: Privacy for Student Loan Borrowers
  24. LESSON 6: Interest Rates Adjust Annually

Quizzes

Pass quizzes to earn certificates where configured.

  • QUIZ: Financial Literacy for Student Loans