3. Rocco recently graduated, and his student loans will come due in six months. Over the course of four years in college, he took out a student loan at the beginning of each school year. The first three were government subsidized and the fourth was an unsubsidized student loan. He has a job lined up as a financial planner. He knows that until he builds his customer base, he will have a lower, entry-level salary. (LO 5-3)

a. What should Rocco do with his student loans, and what payment option should he choose?

b. What should Rocco do with his student loans if he decides to go back to get his master’s degree in two years?