What factors are important to consider when planning to fund your education? Select all that apply.

(1 point)
Responses

how much debt you are willing to incur
how much debt you are willing to incur

how much money you have spent
how much money you have spent

how much of your projected income will go towards paying debt
how much of your projected income will go towards paying debt

how much your monthly income is at this time
how much your monthly income is at this time

how much you can borrow from friends and family
how much you can borrow from friends and family

1 answer

When planning to fund your education, the following factors are important to consider:

  • how much debt you are willing to incur
  • how much of your projected income will go towards paying debt
  • how much you can borrow from friends and family

While "how much money you have spent" and "how much your monthly income is at this time" can provide context, they are not essential factors specifically in the planning of future education funding. The other options directly relate to managing and forecasting your financial obligations during and after your educational pursuits.