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In today’s higher education environment, it’s very difficult to attend college without incurring some student loan debt. The key to making your higher education path affordable and maximizing your return on investment is to have a plan in advance for paying off your debt post-graduation. This workshop covers such planning, along with the risks of debt in general and developing a debt payoff plan that works. You’ll understand how to identify your expenses, ways to reduce them, and how to create and automate your budget, which benefits you by helping you evaluate your options and take positive action. You will discover three important ratios – savings rate, Debt Service Ratio, and housing expense ratio – that help you analyze your budget’s efficiency and identify where you can make improvements.
In today’s higher education environment, it’s very difficult to attend college without incurring some student loan debt. The key to making your higher education path affordable and maximizing your return on investment is to have a plan in advance for paying off your debt post-graduation. This workshop covers such planning, along with the risks of debt in general and developing a debt payoff plan that works. You’ll understand how to identify your expenses, ways to reduce them, and how to create and automate your budget, which benefits you by helping you evaluate your options and take positive action. You will discover three important ratios – savings rate, Debt Service Ratio, and housing expense ratio – that help you analyze your budget’s efficiency and identify where you can make improvements.