Pay Off Student Loan Case Study
A. Pay off student loan.
Increase income and reduce student your student loan. She owes 53,000 and has made 7,720 in loan payments so
her total balance at this point is 45,280. She will need to increase her annual surplus. If she increases her surplus
by 400.00 she will be able to pay off her loan in about five years.
B. Buy a house and save for the children's education.
She will need to reduce her overall debt, before she can accumulate more assets. She will need to pay off her
student loan. Once the loan is paid off she will be able to save for her future more adequately. She could get a
second job and increase her income to be able to purchase a home and save for her children.s education by
setting a saving account
Increase income and reduce student your student loan. She owes 53,000 and has made 7,720 in loan payments so
her total balance at this point is 45,280. She will need to increase her annual surplus. If she increases her surplus
by 400.00 she will be able to pay off her loan in about five years.
B. Buy a house and save for the children's education.
She will need to reduce her overall debt, before she can accumulate more assets. She will need to pay off her
student loan. Once the loan is paid off she will be able to save for her future more adequately. She could get a
second job and increase her income to be able to purchase a home and save for her children.s education by
setting a saving account