In selecting a college and study program, PickTheRightCollege.com therefore recommends that you need to set up short-term and a long-term plan.
Short-Term Plan
- When can you start, and how much money do you need to get started?
- What are costs, week-per-week, for you and your household, including school costs?
- Where will the money come from: savings, donations from family/friends, personal loan, bank loan, federal student loan, grants?
- Do not forget any details, such as parking, student association fees student health insurance, ...
- Is your school schedule compatible with your work schedule? Do not expect flexibility on employers' or professors' parts.
Long-Term Plan
- Is your incoming money flow reliable for the duration of your study programs?
- If you have to work to make enough money to go to school, is your total commitment reasonable, time- and money-wise?
- What exactly are the strings attached, such as payback schedule, interest, penalties?
- What are the projected increases in tuition etc. during your years at college? Are you covered for these added expenses?
- When you add it all up, week after week, can you really manage, or will you be overwhelmed?
- Do you emergency buffers, in case you lose your5 job, or you have to take an extra class, or buy extra books, or tutoring lessons?
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