Borrowing

borrowing

A concept familiar to most students is Borrowing. Students at the University of Illinois take out upwards of $27,000 in student loans, on average, to pay for their undergraduate degree. After obtaining the Borrowing badge, you should:

  • Know how much you owe in student loans.
  • Avoid high-cost borrowing.
  • Analyze, plan, and understand how to shop around for loans or other credit-based products.
  • Understand how information in your credit score affects borrowing.
  • Plan and meet your payment obligations.
  • Track your borrowing habits.

To get the Borrowing badge, you must participate in at least three Borrowing-focused learning activities, at least one of which is highly encouraged to be in person. Below is a list of online and in-person financial education opportunities that count towards the Borrowing badge.

In-Person Events Online Events
Money 4 Med School Workshop
Love Your Loans
Staying on Good Terms: Credit & Debt
Staying on Good Terms: Credit & Debt Webinar
Debunking Credit Myths Webinar
Love Your Loan: Student Loan Repayment Webinar
iBudget iGrad Module
Student Loans iGrad Module
Credit Cards iGrad Module
Credit Reports iGrad Module

Recent Posts