Summer Jobs Students Get The Scoop on Student Loans

Daniel Forster, Student Financial Services at Simmons College, came to the BBA to talk to the Summer Jobs Students about the importance of understanding student loans.

Daniel Forster, Student Financial Services at Simmons College, came to the BBA to talk to the Summer Jobs Students about the importance of understanding student loans.

As part of the weekly enrichment seminars of the Summer Jobs Program, Daniel Forster, the Assistant Vice President of Admission and Student Financial Services at Simmons College, met with the students to give them the run down on student loans, loan payments, financial aid, and scholarships. The students listened intently through the enrichment seminar and had no shortage of questions when it came to finding out the best ways to pay for college — and to repay their loans.  

During the enrichment seminar, Daniel walked the students through how to read an award letter to introduce them to the oftentimes confusing financial information. In addition, Daniel passed out a sample student loans calculator and taught them the best way to calculate a monthly loan payment and the total interest paid.  

Alejandra Bautista was one of the many students who asked thoughtful questions of the Speaker Daniel Forster.

Alejandra Bautista was one of the many students who asked thoughtful questions of the Speaker Daniel Forster.

We asked one of the BBA’s Summer Job’s Students, Alejandra, what she thought of the seminar and here’s what she had to say:

“He kept it interesting the whole time, was very funny, and I feel a lot more knowledgeable about student loans and the process behind them.  I asked Daniel a lot of questions and he answered them directly and his answers turned into full conversations, which helped us learn about a lot more than just student loans.  I asked him about questions relating to loan guarantors and how family member’s credit can impact your loans — he explained that special circumstances happen all the time and part of his role is working with these special cases.  Daniel also pointed out that admissions and loans don’t just depend on academics but schools look for a diversity of talents, backgrounds, and many other factors.”

Next week, the Summer Jobs Students will be finishing up their Financial Literacy portion of the enrichment seminars by taking a trip to the US Bankruptcy court for a session on consequences, so stay tuned!