Week 5 Assignment
Week 5
Student Loan Summary

If you borrow too much debt you may end up having to file for bankruptcy or end up having bad credit. It can also make you have a job you are unhappy in or work more than one job to pay off your debt. Another thing about borrowing too much is the stress it may cause on you from trying to pay it off. The best way to avoid this is to have a budget and stick to the budget, only borrow what you can pay back. I have been working for a while on clearing my credit and part of this has helped me obtain a student loan in which I am already paying on. My plan to pay this back is to use some money that I have from my grants and I also plan on paying on them while I am in school like I am already doing. I feel that by paying for them while I am in school is a great way to avoid getting in debt after school. I have a friend who has been out of school for 13 years and she is still paying on her student loans. A positive thing I am doing to help keep my student loan under control is to have a plan and budget and sticking to that plan and budget. Once I am out of school and working I will sit down and look at my budget and the money coming in and make any changes to my plan and budget. I am hoping to have my loans paid off before my 6 month grace period is