Question

What factors are important to consider when planning to fund your education? Select two
(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

Answer 1

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

1. **How much debt you are willing to incur** - Understanding your comfort level with taking on debt is crucial, as it will impact your financial situation for years after graduation.

2. **How much of your projected income will go towards paying debt** - Assessing how much of your future earnings will be allocated to debt repayment is vital for financial planning and ensuring you can maintain a comfortable lifestyle post-education.

These factors will help you make informed decisions about how to finance your education while managing future financial burdens.