After their first three days of work, the 58 Summer Jobs students returned to 16 Beacon for their first enrichment seminar on student loans. Daniel Forster, the Director of Student Financial Services at Simmons College, spoke with the students about the financial aid process, sources of aid, and how financial need is determined. The students had the opportunity to ask questions about their own financial aid packages and financial concerns.
When asked why the segment was helpful, Allysha Pierre, a Summer Jobs student interning at Wolf, Greenfield, & Sacks and rising college freshman, explained that “you don’t know what you’re getting into when you go to college. The more information you know about students loans, the better prepared you can be for the future.” After talking to Forster about her specific financial aid situation, she told Beyond the Billable that she feels better prepared to contact her financial aid advisor and discuss how to lower her unmet need.
Like Allysha, many of the students in the program will be attending college in the fall or plan to attend after they complete high school. In combination with the financial literacy sessions, this seminar aims to prepare students to make educated financial decision about paying for their higher education.