1. Student loans budgeting
Annette McCollough

2. hypothesis
A hypothesis is a statement that explains or makes generalizations about an ideas based on facts or principles that leads to further research or experimentation.
By the completion of a students degree, assuming the loan is $ for 10yrs would be 7.90%, the monthly payment will be $362, the loan will be paid off by 2026.

3. Student loan rates/payback
n Term
3.40%
4.66%
5.00%
6.21% 
6.80%
7.21%
7.90%
10 years
$295
$313
$318
$336
$345
$352
$362
12 years
$254
$272
$277
$296
$305
$312
$323
15 years
$213
$232
$237
$257
$266
$273
$285
20 years
$172
$192
$198
$219
$229
$236
$249
25 years
$149
$169
$175
$197
$208
$216
$230
30 years
$133
$155
$161
$184
$196
$204
$218
This chart shows the different interest rates for monthly payment on various repayment terms.

4. Student loan Budget Total loan balance
Bryant & Stratton College-Medical reimbursement coding (MRC), online AAS.
Total loan Principal/ P=(8,760)(4)=$ $1,793.48=$
Book cost/$1,793.48
Total loan balance; $36,833.48
Byrant & Stratton catalog/medical reimbursement coding.

6. Student loan budget
Analyzing the change in the payoff structure from 10 years to 8year payoff.
Paying the loan off in 10years, the payments would be $444.95
Paying the loan off in 8years the payments will be $518.83, this will be a $73.88 difference in payment. $ =$73.88
Instead of making 120 payments, the loan will be paid off In 96 payments, =24 less payments.
The interest 7.90% change would be $16, $12,974.48=$3,585.78
The average salary of a Medical reimbursement Coder in Illinois is $35,410 annually, which averages out to $2.950 monthly.
$35,410/12= $2.950
The student makes a nice starting salary, that will allow her to pay the loan off sooner, I believe this is a good decision, the advantages of this decision will lower interest rate, allow the student to have extra money back in her pocket sooner and will the salary that she has she will still be able live a comfortable life.
Making the decision to further your education, so that you can live a better live financially is a good decision, there is a great demand for MRC and because of the demand and strenuous training that is required in this profession, the salary rate is not at all too high, and enables a student to be able to pay the amount on her loan.

8. Reflections tolerance: learning new skills/formatting,
Interpersonal skills: enhanced my creative skills
Problem solving: solving and calculating formulas
Dependability: be able to do this project on my own
Communication: able to communicate with instructor concerning project
Perseverance: not giving up
Information of literacy: reference searching
Financial literacy: knowledge on software/PowerPoint, excel and audio
Beginning course details and/or books/materials needed for a class/project.

9. Cont’ Reflection Attitude: be able to stay calm and not stressful
Enthusiasm: be proud of my accomplishment with this project
technological literacy:
Being able to move through slides with little problems
Persuasion: well this project persuaded me to be creative and the instructions from my instructor showed my how to follow direction

10. Conclusion
Through this course Math 103 I have learned about financial budgeting, statics and mathematical problems. The workplace capability skill that I most learned from was Perseverance; not giving up and do the best that I could do. This skill will help me as I obtain my CPC license and in my future classes here a Bryant Stratton college.
Conclusion to course, lecture, et al.

11. references
Bryant & Stratton College Catalog/medical reimbursement course
variable-interest-rates
Services-Medical-Practice-Management-and-Health-Care- Consulting/Medical-Billing-and-Coding-Specialists-Healthcare-Coding-and- Medical-Billing-Services/article