Question

In this activity, you will list and summarize sources.

Create a list that shows the 3 credible sources from your research School loan debt. Strategies for paying off debt fast. You will also add summaries of each source. List the title, author, website URL, and summary. In the summary, remember to include a topic sentence and all supporting details written in your own words. Each summary should be a short paragraph.


Here is the format you will follow for this assignment.
1.

Article Title:

Author:

URL Link:

Summary:



2.

Article Title:

Author:

URL Link:

Summary:



3.

Article Title:

Author:

URL Link:

Summary:

Answer 1

Identify and summarize three credible sources on strategies to quickly pay off school loan debt, ensuring that the summaries are brief and written in your own words.

Step-by-step explanation:

As part of your research on school loan debt and strategies for paying it off quickly, it is crucial to consult and cite at least three credible, trustworthy, and unbiased sources. The type of sources suitable for your research could include articles from reputable newspapers, academic journals, and professional journals; reputable websites; and government sources. Now let's explore a hypothetical scenario where you have already found your sources.

1. Article Title: 5 Strategies for Paying Off Student Loans Fast
   Author: Michael Johnson
   URL Link: examplefinancewebsite.com/articles/5-strategies-student-loans
   Summary: Michael Johnson outlines several methods for reducing school loan debt quickly, such as implementing a budget, using the snowball or avalanche method, considering loan consolidation or refinancing, and making higher payments whenever possible. His article is rich with actionable advice supported by statistics and case studies.
2. Article Title: The Impact of Early Loan Repayment on Credit Scores
   Author: Dr. Susan Hart
   URL Link: crediblefinancejournal.com/impact-loan-repayment
   Summary: Dr. Susan Hart discusses the positive effects of early debt repayment on individuals' credit scores. She uses data analysis to demonstrate the long-term financial benefits, including increased creditworthiness and reduced interest paid over time.
3. Article Title: Innovative Approaches to Managing Student Debt
   Author: InnovativeFinance Team
   URL Link: innovativefinance.org/student-debt-management
   Summary: This resource provides an overview of creative strategies for managing and repaying student loans. It emphasizes the use of new financial tools, side hustles for extra income, and governmental repayment plans.