GEN 201 Week 1 Responsible Borrowing\tComplete the University of Phoenix Material: Responsible Borrowing Worksheet.\tSubmit your assignment by clicking the Assignment Files tab above.\tResponsible Borrowing Worksheet\t\u00a0\tMany students acquire federal student loans to pay for college. The goal of this assignment is to help you learn how to borrow responsibly, which means that you do not borrow at all or that you may borrow only what you truly need. To borrow responsibly, you must understand your options and establish a financial plan for your entire program. With that plan in place, you can focus on your courses and make connections with instructors and other students.\t\u00a0\tStep 1\t\u00a0\tWatch the “Responsible Borrowing (Financial Aid)”\ufffd video on the orientation website (http:\/\/www.phoenix.edu\/student-orientation.html). Respond to the following questions:\t\u00a0\t\uf0a7 What is financial aid?\t\uf0a7 How do grants differ from loans?\t\uf0a7 What effect does class attendance have on funding availability?\t\u00a0\tStep 2\t\u00a0\tNavigate to the Your Student Loans category of the Financial Services PhoenixConnect Community. Explore the resources provided, as well as some of the discussions shared by community members. Pay special attention to the following posts, and use them to answer the follow-up questions.\t\u00a0\t\uf0a7 Know Your Repayment Options (https:\/\/portal.phoenix.edu\/social\/thread\/94586)\t\uf0a7 Minimize Student Loan Borrowing (https:\/\/portal.phoenix.edu\/social\/thread\/94695)\t\uf0a7 Creating an Educational Financial Plan (https:\/\/portal.phoenix.edu\/social\/thread\/95046)\t\u00a0\tRespond to the following questions:\t\u00a0\t\uf0a7 What did you find about student loan repayment plans?\t\uf0a7 Why is having an educational financial plan important?\t\u00a0\tStep 3\t\u00a0\tAccess the Financial Plan (http:\/\/www.phoenix.edu\/financialplanassignment). Enter your program, and respond to the questions. Explore the information about options for payment, reducing costs, and military students (if applicable). If you have already completed the plan as part of the enrollment process, you can use those results for this step.\t\uf0a7 Based on this plan, what is your estimated monthly payment when you enter repayment?\t\uf0a7 As a result of completing the plan, what changes can you make to reduce the amount you might borrow? Why?<\/p>\n","protected":false},"excerpt":{"rendered":"
GEN 201 Week 1 Responsible Borrowing Complete the University of Phoenix Material: Responsible Borrowing Worksheet. Submit your assignment by clicking the Assignment Files tab above. Responsible Borrowing Worksheet \u00a0 Many students acquire federal student loans to pay for college. The Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-217376","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/217376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=217376"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/217376\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=217376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=217376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=217376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}