Scenario

Students pay for their education in a variety of ways. Some pay their tuition and other expenses out-of-pocket. Others receive assistance from their family. Employers sometimes contribute toward a students educational expenses. Some students receive grants or scholarships based on need or merit. Manyif not moststudents, however, find it necessary to take out loans to help pay for all or part of the costs of their college education. Student loan debt can create a serious burden for new graduates. It is important that students begin preparing themselves to meet the obligation of repaying their loans at the beginning of their college careers rather than waiting until graduation to think about this issue. This project is designed to start you thinking about how you will repay your student loans once you have graduated. You will produce your project in Microsoft PowerPoint and your project should be professional in appearance.

Sample: Make it as realistic as possible so you are prepared upon graduation. . Note that you will add the student loan payment later.

creating a realistic budget or use the sample above:

Estimate the total amount of your student loans at graduation

Estimate your student loan obligation upon graduation from College. You will need both the loan amount (principal) and interest rate for each loan.

Choose one of the following options for estimating your student loans. If you do not have any student loans, you must choose Option 2.

Option 1:

Although you should already know the amount of your loans for the current and past semesters, it would still be very beneficial to consult the Financial Aid Department to determine the amount you now owe and are likely to incur in the future. You will need both the principal of each loan and the interest rate associated with it. Keep in mind that interest rates may vary from loan to loan. Also remember to include student loans from other institutions you have attended. If you already know the amount of your loans for the current semester, you can make the assumption that your loans for subsequent semesters will be the same as for the current semester.

Book1 Microsoft Excel Home Insert Page Layout Formulas Data Review View Calibri General Paste Sort &Find & Filter-Select- Editing o Formatting: as Table, Styles, Styles ga Format. Q. Clipboard Font Alignment Number Cells E10 BUDGET 3 Net Monthly Income (Use amount computed) 4 5 Expenses 6 Car payment 7 Cell Phone 8 Food 9 Insurance 10 Cable 11 Heat 12 Rent 13 Student Loans (Use amount computed) 14 Total expense 15 Disposable income 16 17 *There will be more expenses than this, 18 be as relalistic as possible to make this a valuable 19 exercise 20 21 3500 100 2900 600 23 25 26 :4 | Sheet 1 . Sheet2 Sheet3 Ready 10096 StartBudget Template..Lear MATH 201 Q5R Clar sample excel amo....452 PM Book 1 Book1 Microsoft Excel Home Insert Page Layout Formulas Data Review View Calibri General Paste Sort &Find & Filter-Select- Editing o Formatting: as Table, Styles, Styles ga Format. Q. Clipboard Font Alignment Number Cells E10 BUDGET 3 Net Monthly Income (Use amount computed) 4 5 Expenses 6 Car payment 7 Cell Phone 8 Food 9 Insurance 10 Cable 11 Heat 12 Rent 13 Student Loans (Use amount computed) 14 Total expense 15 Disposable income 16 17 *There will be more expenses than this, 18 be as relalistic as possible to make this a valuable 19 exercise 20 21 3500 100 2900 600 23 25 26 :4 | Sheet 1 . Sheet2 Sheet3 Ready 10096 StartBudget Template..Lear MATH 201 Q5R Clar sample excel amo....452 PM Book 1