What factors are important to consider when planning to fund your education? Select twp that apply.
(1 point)
Responses
how much debt you are willing to incur
how much money you have spent
how much of your projected income will go towards paying debt
how much your monthly income is at this time
how much you can borrow from friends and family
how much debt you are willing to incur
how much of your projected income will go towards paying debt
The two factors that are important to consider when planning to fund your education are:
1. How much debt you are willing to incur: Consider the amount of debt you are comfortable with taking on to finance your education. This includes considering your financial situation, future income prospects, and whether you have other financial obligations to manage.
2. How much of your projected income will go towards paying debt: It is essential to evaluate how much of your future income will be used to repay any loans or debts taken to fund your education. This factor helps determine if the repayment amount is manageable and within your financial capabilities.
While other factors, such as how much money you have spent, your current monthly income, and how much you can borrow from friends and family, may also be relevant, the question asked to select only two factors that are important.