ECONOMICS
BUDGETING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Your friends are having a debate about rules of thumbs to use when it comes to student loan debt. Who is CORRECT?
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Miguel says, “You should borrow as much money as you can through private student loans, and then take out federal student loans.”
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Dani says, “You should avoid student loans no matter what, even if that means you have to work long hours and can’t take a full course load.”
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Jason says, “You should generally limit your borrowing to what you expect to earn as a starting salary when you graduate from college, and avoid private student loans.”
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Aisha says, “You should borrow all of the financial aid your college offers you in your financial aid award letter, even if you don’t need it all.”
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Explanation:
There is 1 question to complete.