week 5 - What is one positive thing you can do to keep your...

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What are some future consequences of borrowing too much debt? Building too much debt will cause you to repay much of the money towards your interest. You could also force yourself into bankruptcy and face years of bad credit. Having too much debt can also cause you to not qualify for things that require good credit as you appear as a higher risk to the lender. How do you plan on repaying your student loans? I plan on joining the military either active duty or reserve in order to repay my student loans. The military will repay my loans up to $20,000 so I was told that even if I don’t need the money to pay for school, to use it to either save or repay any past debts I have.
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Unformatted text preview: What is one positive thing you can do to keep your student loans under control? At this point I need my student loans more than ever. When I was attending community college my student loans were basically like extra money that paid my bills and got me by without needing a job. Now that I am attending the online university, school is so much more expensive and I wouldn’t be able to attend with my Pelle Grant alone. I plan on making sure my student loans do not exceed $20,000 as anything over this I will have to repay myself....
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This note was uploaded on 05/27/2011 for the course FP/101 FP/101 taught by Professor Nicoleramig during the Spring '10 term at University of Phoenix.

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