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Essay About Short Term Debt For School

612 Words3 Pages

Thinking About Short-Term Debt for Schools

Unit 6
University of the People
Professor Austin Hinton

Introduction
Government schools all over the world operate their functions with support from government funds. Therefore, sometimes, schools might face financial challenges due to the lack of funds, and this might cause a school to get loans to maintain the school’s operations. In this case, whether borrowing loans or not becomes a serious problem for officers who are responsible for the school’s operations.
Body
The Scenario
If my school falls into a situation where financial contingencies occur, I would decide to take short-term loans to overcome those challenges. I would take loans until my school receives funds from the government. However, issuing debts alone might not be enough to maintain the consistency of the school’s expenditure if the funds are not received during the expected period. Therefore, I will also make careful evaluations of the school’s financial operations to find out the reasons that are leading to inefficiency. …show more content…

al. (2020), if a specific amount of cash is needed for expenses, firms consider a short-term loan that is planned to be paid in one year or a shorter time frame. In the same way, short-term loans can create a gap between financial contingencies and the school’s operations, and this might give me some time to acquire the required funds. Moreover, short-term debt is more favorable because of its shorter timeframe and lower interest rate in comparison to long-term debt. For that reason, I would decide to take short-term loans if my school needs

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