During his summers, Jerome volunteers at the Red Cross, works 10 hours a week at social...
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During his summers, Jerome volunteers at the Red Cross, works 10 hours a week at social service organizations, and saves some money for college. He is about to start his junior year of college, and unfortunately he's out of money. The two- year tab for tuition, room, board and books is nearly $20,000. He has the option to borrow the money through low-interest student loan programs. As a result, Jerome is thinking about taking out student loans so he can finish school and get a job to pay them off quickly. 1 Should Jerome take out the student loans to pay for the last two years of college? Why or why not? 2 If he doesn't take out the loans, what other options does he have to pay for tuition, room, board and books? 3 Is it reasonable for Jerome to believe he can find a good job to help him pay off the student loans quickly? Why or why not? Is there another way he could save up the $20,000 he needs for the last two years of college? During his summers, Jerome volunteers at the Red Cross, works 10 hours a week at social service organizations, and saves some money for college. He is about to start his junior year of college, and unfortunately he's out of money. The two- year tab for tuition, room, board and books is nearly $20,000. He has the option to borrow the money through low-interest student loan programs. As a result, Jerome is thinking about taking out student loans so he can finish school and get a job to pay them off quickly. 1 Should Jerome take out the student loans to pay for the last two years of college? Why or why not? 2 If he doesn't take out the loans, what other options does he have to pay for tuition, room, board and books? 3 Is it reasonable for Jerome to believe he can find a good job to help him pay off the student loans quickly? Why or why not? Is there another way he could save up the $20,000 he needs for the last two years of college?
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1 Jerome should take the student loans due to the three reasons below a Student loans are accessible ... View the full answer
Related Book For
Excellence in Business Communication
ISBN: 978-0136103769
9th edition
Authors: John V. Thill, Courtland L. Bovee
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