Financial Planning 101 For Older College Students

Just as those parents out there try to determine what the cost of college is, how much they can afford, and what the best investment is.  So too should older people who are going back to hit the books.  People should ask the same questions and apply the same financial rigor as they would with their children.

This Time piece gives older students something to think about when deciding weather to go back to school and ways to make their investment pay off.

• Determine your “debt ceiling.”
• Look for alternative sources of funding
• Compare your potential earnings to the likely costs

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• Make sure you’ll have health insurance
• Plan to reenter the workforce quickly