Ebony, I agree with your opinions and examples on managing student loans. In addition to this, there are several business steps taken to manage the rising costs of student loans. Lewis, 2013 states, the first step students can take is deferring their educational obligations until they can afford to make monthly payments on their student loans (P, 4.). The second step they can also take is basing loan payments on their earned income and family composition. Lewis, 2013, also states, the third step students can take is having their loans forgiven when they plan on working in state or government jobs (P.6,).Finally, these facts help students learn how to spend and save money, make sound financial decisions and it also helps them keep track of their
