Question

Justin’s plan doesn’t cover his costs completely. What are his options for covering the rest of his costs? Select all that apply.

Answer 1

Answer: all EXCEPT asking his friends are the correct answers

Explanation:

Answer 2

Available Options:

He could try to save more money.

He could get a student loan for the extra amount he

needs.

TO He could apply for a scholarship

He could ask his friends to loan him money.

He could ask his family to contribute.

Answer:

All of the above    

Explanation:

The best option is to be self reliant which means that Justin must apply for scholarships, save money now and during the program execution and if still there are any expenses due then he can ask his family to contribute to meet his exense and still if there are unpaid expenses then he can borrow from his friends if he thinks that he can repay the loan to his friends in the mutually agreed time. If Justin can not pay its amount borrowed then he must consider long term loan option to fund his studies.

The order of finance is given as under:

1. Save Money
2. Scholarship
3. Ask his Family
4. Loan from Friend
5. Long term Loan