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1. What is your estimated monthly payment?

____________________________________________________________

2. List two strategies to

increase your income

so that you can afford the

monthly payment.

____________________________________________________________

____________________________________________________________

3. List two strategies to

decrease your other expenses

so that you can

afford the monthly payment.

____________________________________________________________

____________________________________________________________

4.

Besides increasing your income or decreasing your other expenses, what

are some other strategies you can do to lower the monthly payment on

your student loan? List at least three.

____________________________________________________________

____________________________________________________________

Section 8 – Responsible Borrowing and Budgeting

190