We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Responsible Borrowing Worksheet Essay

Essay Topic:

Paper type: Essay

Words: 308, Paragraphs: 19, Pages: 2

Sorry, but copying text is forbidden on this website!

or Listen to your own essay

Many students borrow federal student loans to pay for college. The goal of this assignment is to help you learn how to borrow responsibly, which may mean that you do not borrow at all or that you borrow only what you truly need. To borrow responsibly, you must understand your options and establish a financial plan for your entire program. With that plan in place, you can then focus on your classes and making connections with instructors and other students.

There are three steps listed below for this assignment.

Respond to the questions for each step in this worksheet only and submit your completed document to the Assignment Files tab.

Step 1

Watch the “Responsible Borrowing (Financial Aid)” video on the orientation website located here: http://www.phoenix.edu/student-orientation.html.

Respond to the following three questions in the spaces provided below:

What is financial aid?

How do grants differ from loans?

What effect does class attendance have on funding availability?

Step 2

Navigate to the Personal Finance category of the GEN/127 PhoenixConnect® Community.

Explore the resources provided and view some of the discussions shared by the community members.

Respond to the following two questions in the spaces provided below:

What did you find about student loan repayment plans?

Why is having an educational financial plan important?

Step 3

Access the Financial Plan at www.phoenix.edu/financialplan. Enter your program and respond to the questions. Explore the information about options for payment, reducing cost, and military students (if applicable). If you have already completed the plan as part of the enrollment process, you can use those results for this step.

Respond to the following two questions in the spaces provided below:

Based on this plan, what is your estimated monthly payment when you enter repayment?

As a result of completing the plan, what changes can you make to reduce the amount you may borrow? Why?

How to cite this page

Choose cite format:

Responsible Borrowing Worksheet. (2016, Sep 02). Retrieved from https://studymoose.com/responsible-borrowing-worksheet-4-essay

Is Your Deadline Too Short? Let Professionals Help You

Get Help

Our customer support team is available Monday-Friday 9am-5pm EST. If you contact us after hours, we'll get back to you in 24 hours or less.

By clicking "Send Message", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
No results found for “ image
Try Our service
online

Hi, I am Sara from Studymoose

Hi there, would you like to get such a paper? How about receiving a customized one? Click to learn more https://goo.gl/CYf83b

online

Hi, I am Sara from Studymoose

Hi there, would you like to get such a paper? How about receiving a customized one? Click to learn more https://goo.gl/CYf83b

image

Your Answer is very helpful for Us
Thank you a lot!