Week 5 Personal Finance

Week 5 Assignment-Kelice Bellamy Resources: Student Loans Reflect on how this member may be relevant to your future. Write a condensed summary of 200-300 words addressing the following questions: oWhat are almost future consequences of relieveing too ofttimes debt? oHow do you plan on repaying your pupil loans? oWhat is one overconfident degree social function you can do to keep your student loans downstairs control? Some of the future consequences of borrowing too much debt are borrowing more than you need or existence unable to repay it. This can result in having your income taxes taken or your wages garnished. I rely on student loans and the Pell Grant to continue my education. I plan not to borrow more than I need. I plan on repaying, my loans by first, setting up a monthly payment chronicle once I am completed with classes and after I graduate. I plan on setting up robotlike payments so that I do not have to echo when my payment is due or risk going into default. My payments provide go directly out of my paycheck. I will neer see it. I cannot take advantage of this opportunity and I must maintain my credit history with my loan gild in case I decide to pursue my degree beyond my bachelors degree program.

The most positive thing to do is to make sure that I do not default on the loan and the fact that if something should draw beyond my control such as disability or unemployment I can work with the lender to defer my payments for up to three years. The rates for student loans have more roaring rates than other forms of consumer loans. I also, have the option of obtaining student loans from federal programs, scholarships, grants as well the private sector so I have more options. The most important thing for me personally is to obtain my degree, which will help me, increase my salary, and I can use that additional money that I establish to pay off the loans. If you want to get a adequate essay, order it on our website: Orderessay

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