I need help H5
Deasal75
FinancingCollegeActivitySheet.docxFinancing College Activity Sheet
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Career and Schooling Needed |
Your Answers |
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1. Ideal job: |
Marketing team Nike |
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2. The average staring salary: Can find on Bureau of Labor Statistics http://www.bls.gov/oes/current/oessrcst.htm |
$118,000 |
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3. What degree will you need in order to obtain your ideal job? |
Business marketing |
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4. How many years of school must you attend? |
4 years |
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Cost of School |
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5. Using PSU’s Net Price Calculator determine your Net Price annually. https://www.pdx.edu/student - finance/net - price - calculator |
$15,000 anually |
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6. Multiply the Net Price by the number of years you have remaining |
$60,000 |
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Paying for School |
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7. Of the above amount, how much are you able to pay for personally? |
$50,000 |
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8. Will your parents be helping to pay? If so, how much? |
no |
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9. Subtract both your and your parents’ contribution toward the net price. This is the amount you will need to borrow. |
$50,000 |
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Student Loans |
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10. Do you have student loan debt already? If so, how much? |
Currently around 45,000 |
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11. Add existing student loan debt to the about you will need to borrow. This is your total estimated student loan debt. |
50,000 |
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12. Estimate your monthly student loan payment after completing school. http://www.finaid.org/calculators/loanpayments.phtml |
Minimum payment is around $180 a month |
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How does your total monthly student loan payment compare to your expected monthly salary?
With the job I’m hoping to get, I will be able to pay more than what my minimum payment is per month. I would like to try and get that done as soon as possible so that I can get that off my back.
