Question $9(10$ points$)$

Suppose that you just completed your first year of college with $$12\mathrm{.}000$ in loans and plan to borrow the maximum each year from now until graduation. You have never accounted for the way yo spend your money, do not have a budget, and want to insure that you will be able to repay your loans after college. What is the most important thing you can do right now?

Immediately begin to develop a personal financial plan.

Talk to your parents about financial assistance.

Visit your career counselor at school.

Ask your professor who taught the personal finance course for advice.