Android :: Get Selected Image File Location Stored On SD

I am currently making an app which works with images. I need to implement functionality where the user picks a file stored on the SD card. Once they pick the picture (using the Android gallery), the the file-location of the image will be sent to another Activity, where other work will be done upon it. I have seen similar posts here on SD, but none to answer my question specifically. Basically this is the code I am doing when the user clicks the "Load a Picture" button:

// Create a new Intent to open the picture selector:
Intent loadPicture = new Intent(Intent.ACTION_PICK,
android.provider.MediaStore.Images.Media.EXTERNAL_CONTENT_URI);
// To start it, run the startActivityForResult() method:
startActivityForResult(loadPicture, SELECT_IMAGE);

From that code, I then have a onActivityResult() method to listen to the call-back:
// If the user tried to select an image: if(requestCode == SELECT_IMAGE) {
// Check if the user actually selected an image: if(resultCode == Activity.RESULT_OK) {
// This gets the URI of the image the user selected: Uri selectedImage = data.getData();
// Create a new Intent to send to the next Activity:
Intent i = new Intent(currentActivty.this, nextActivity.class);

// - Problem Area -
// I would like to send the filename to the Intent object, and send it over.
// However, the selectedImage.toString() method will return a
// "content://" string instead of a file location. How do I get a file
// location from that URI object? i.putExtra("PICTURE_LOCATION", selectedImage.toString());
// Start the activity outlined with the Intent above: startActivity(i);

As the code above states, the uri.toString() will return a content:// string instead of the file location of the selected picture. How do I obtain the file location?
Another possible solution is to send over the content:// string and convert that into a Bitmap (which is what happens in the next Activity). However, I don't know how to do that.