For this weeks discussion post, I want students to read the article
“How to Use Your Financial Aid Like a Paycheck”
and answer the following questions:
(1) What are some reasons that students run out of money before the semester is over?
(2) Why is it better to receive your financial aid spread out rather than a lump sum?
(3) What can you do to handle the money you receive financial aid in a better way?
(Bonus) Why is it more expensive to attend community college longer than 2-3 years rather than transfer to a university or enter the workforce?
Reply:
1-Rebekah Zepeda
Nov 5, 2021 at 11:28 AM
(1) What are some reasons that students run out of money before the semester is over?
Some students run out of money because they make poor management of their finances and unanticipated expenses.
(2) Why is it better to receive your financial aid spread out rather than a lump sum?
I think by receiving your financial aid spread out, it eliminates the chances to spend all your money at once and it’s easier to save money by just buying what you need at the time.
(3) What can you do to handle the money you receive financial aid in a better way?
By creating a financial aid plan and knowing my budget, I can handle my finances a lot better.
2-Earlene Jimenez
Professor Vasquez
SDEV 5
11’0421
Using Financial Aid Wisely
(1) What are some reasons that students run out of money before the semester is over?
The reasons students run out of money before the semester is over is due to to unanticipated expenses and poor money management.
(2) Why is it better to receive your financial aid spread out rather than a lump sum?
I believe it’s better for students to receive financial aid then rather a lump sum is because students will spend their money on items or certain things that aren’t important and they put away enough money for the future expenses.
(3) What can you do to handle the money you receive financial aid in a better way?
You can have a budget or make a financial aid plan to handle your money carefully or better for the future life style.
3-Joyce Seo
Instructor Eduardo Vasquez
SDEV 5
04 NOV 2021
(1) What are some reasons that students run out of money before the semester is over?
This is due to unexpected expenses or poor money management.
(2) Why is it better to receive your financial aid spread out rather than a lump sum?
This is because when students receive funds in a lump sum, they spend on items they don’t really need and may not set aside enough money for future expenses.
(3) What can you do to handle the money you receive financial aid in a better way?
Having a good budget plan is helpful.