BS in Hospitality Management Anna Davis Feb 17,2016 MATH 103 PROF Tate

Hypothesis I have chosen to complete the BS in Hospitality Management with an associates in Human Resources; as I move closer to graduation I will work diligently on paying back my Loan Balance (principle) each semester however, there will be 10% taken out of m total income 6 years after graduation this equals 10 years in total to pay my loan back. My loan in totality equals$21,545.00 at 4.7% interest rate, therefore I will be making payments of $571.63. I plan on throughout my research process finding ways that I can make payments which will minimize my loan interest. I am looking forward to finding ways to eliminate and decrease my student loan (principle) debt.

Total Loan Balance (Principle) -Program of Study -BS in Human Resources -Length of Time- -approxiamately 4 years - Breakdown of Fees -Tuition and Fees: $16,410.00 - off campus or online -Living Expenses-$3,500.00 -Books and Supplies-$1,600.00 - other/ enrollment fee-$35.00 - Total Loan Balance Principle per semester: $21,545.00 - Total Interest Paid: $13,847.79 -Sum of all loan payments after 4 years is approximately: $68,595.79.

Will My Degree be Worth What I will pay in Student Loans Will My Degree be Worth What I will pay in Student Loans? -I have chosen to pursue a degree in Hospitality: - I feel there are a few factors to look at when considering my question at had. #1-My Salary which depends on question #2. #2-Location in which I will use my degree. - For example I am now earning my degree online with Bryant Stratton if I were to stay in Elizabeth City I would make less than $30,000.00 in comparison to living in Chicago I would make $72,000.00 in less the 10 years of an earned interest of $10,000.00.(www.mypayscale.com) Yes! Is my final answer I would move and work in Chicago for less than 10 Years.

What Did I Learn: I learned how my loan is ammoriterized over four years while earning my BS in Hospitality. I learned that interest just at 4% can accrue $13,847.79 per year . Can I afford to pay this with the career field I have chosen to study ? Yes! Anything is possible right? This being a rhetorical question.

In Conclusion: In conclusion, I have learned how to step for step breakdown my tuition and fees (see Slide #6). I will initially borrow $16,410.00 regardless of if I am going to study online or on campus. All of my books and supplies would cost $1,600.00 with an enrollment fee of $35.00 which is non-refundable. My total loan Principle will be $21,545.00 with an interest of $13,847.79 at 4% for the duration of 4 years which totals= $68,585.79. (#1- www.Quicken.com) (BryantStratton.edu).

Citations: #1- www. BryantStratton. edu #2-www. Quickenloans Citations: #1- www.BryantStratton.edu #2-www.Quickenloans.com/ammoritization #3- www.Bankrate.com #4-www.MyPayscale.com