1. Student Loan Budgeting
Priscilla Salazar

2. Hypothesis
Once I have completed my degree program in Human Resource Specialist, my total balance I will owe for my student loans will be $45, with an interest rate of 3.5%. The monthly payments I will need to pay will be $375.57, with a payoff date for January, 2028.

3. Cost for Tuition, Fees, Books, Supplies
The total cost for my Tuition, and Fees will be $34,380. The total cost for Books, and Supplies will be $3,600. This amount in total will be $37,980.

4. My Total Loan Balance
The total loan balance I will owe will be $45, This amount does in fact include the original loan amount of $37,980 and the total interest rate for the ten years, which is $7,

6. How Paying My Loans Two Years Sooner Will Affect Me
By paying my loan two years sooner, this will change my monthly payments to $ Instead of me paying $375.57, my amount will increase by $78.60 each month.
This of course will affect the interest rate, and the interest charged will decrease each month, my new interest will be a total of $5, instead of $7,088.22, which saves me $1,

8. My Best Financial Decision
I believe for my career field I have chosen as a Human Resource Specialist, that once I start my new job I will focus on my loan payment amount to make sure I have enough funds in my account to start paying off my loan sooner, so I can have a lower interest rate.

9. Is It Reasonable for Graduates To Afford Their Loans
I believe it is very reasonable for new graduates to afford their loans. Most of theses students are already saving up money or they are paying their loans sooner to lower their interest rates. Some students even have help from parents, guardians, and even grants and scholarships that cover some cost.

10. Thank You