Student debt management and student budgeting Research Paper

Student debt management and student budgeting - Research Paper Example Rising inflationary pressure and skyrocketing tuition fees are expected to make the situation worse. There is an overwhelming need to allow students to deal with debt management and budgeting in order to make the most out of an educational career. This memo delineates various online sources to help students with their debt and budget management. Online sources analyzed for this task have been assessed under three different suitability criteria – ease of understanding, ease of navigation and relevance to fiscal management. Ease of understanding is included the primary criteria since all students may not be able to comprehend fiscal language well. Ease of navigation is the secondary criteria since finding the right resource at the right time to deal with a fiscal management problem is essential to student debt and budget management. Relevance to fiscal management is the tertiary criteria since myriad material is available online but only some websites offer true fiscal management techniques. CanLearn covers all aspects of educational financing including secondary and post-secondary education. The information presented on CanLearn is specific to the Canadian educational scenario. Information included covers various methods of educational financing including financial aid, scholarships and student loans. CanLearn covers various aspects of student loan financing and repayment in detail though the language is a little advanced. In contrast, Debt 101 presents a simple interface coupled with direct and to the point articles. The information covered on Debt 101 uses simplified language that covers basic as well as advanced student fiscal management topics. This ensures that the information presented on Debt 101 appeals to simple as well as advanced student debt managers. In addition to student loans, Debt 101 offers budgeting tips and techniques that are arranged in a simple interface. This adds to