FP 100 Week 4 Discussion | University of Phoenix
- University of Phoenix / FP 100
- 30 Jan 2023
- Price: $8
- Accounting & Economics Assignment Help / Finance
FP 100 Week 4 Discussion | University of Phoenix
Wk 4 Discussion -
Paying for School and Saving to Retire [due Thurs]
Wk 4
Discussion - Paying for School and Saving to Retire [due Thurs]
Wk 4 - Ch. 10 Practice [due Sat]
Discussion Topic
Post a total of 3 substantive
responses over 2 separate days for full participation. This includes your
initial post and 2 replies to classmates or your faculty member.
Due Thursday
The average monthly payment is
more than $550 for a new car, and Americans borrow almost $35,000 for new car
purchases, according to LendingTree (2021). The average student loan payment
for a University of Phoenix bachelor’s degree graduate is about $350. What do
you think when you see this amount? Will you have a student loan payment higher
than this, or lower than this? How do you feel about a student loan payment in
comparison to the average car payment?
Whether you are borrowing federal
loans or not, there are other options to pay for college that would be less
expensive. Which have you taken advantage of? Which are you interested in
learning more about and applying for?
While you may be paying student
loans, you likely also need to save for retirement. Knowing many Americans do
not have any or enough savings to retire, you will learn about options you may
already be using or could soon use once you’re working in your chosen career.
When answering questions in the retirement calculators, consider what you want
your future life to be like and what you can do to be comfortable in the
future.
What budget adjustments can you
make to help you save for that future? Do you think you will be able to begin
or increase savings after graduation?
·
Which concepts from Ch. 9 and Ch. 10 will be most important to
your finances? Why are these relevant to you and how might you apply them to
your life?
·
How might a college education affect your long-term financial plan?
Consider future income and loan repayment in your response. If you are using
federal student loans to pay for college, what will your standard monthly
payment be and how does that impact your financial future?
·
Answer a few questions in the Retirement Analyzer to estimate
how much annual income you may have during retirement from your savings. Enter
your current savings information and/or what you plan to save after graduation.
What did the results show you about your retirement? Is Social Security
included in your total? What level of investing risk would you be comfortable
with? What steps can you take to save and invest in your future while still
paying bills and living now?
USA 
India