Repayment Options by iGradMany students take out student loans to pay for education, resulting in high debt for recent graduates. For this activity, assume you will use federal student loans.Create an educational financial plan by completing steps 1, 2, and 3 in the Tuition and Fees Calculator.Write a 350-to 700-word paper that outlines the path you plan to take to fund your education.Include the following:Write a 350-to 700-word paper that outlines the path you plan to take to fund your education.Include the following:o Explain what choices a student can make to reduce the amount borrowedo Explain/highlight areas where you felt compelled to borrow more to cover expenses or managed to trim back your borrowed amountso Options to make your student loan payment more manageable in order to avoid delinquency and default 6