College, Quicker by Kate Stephens

Author:Kate Stephens
Language: eng
Format: epub
Publisher: Sourcebooks
Published: 2015-01-15T00:00:00+00:00

By signing up for 18 instead of 12 semester credits at Coastal Carolina University:

›You could avoid $11,740 in student loans. You’ll save $3,203 in interest*, assuming each loan is subsidized and has a 5% interest rate and a term of 10 years.

OR

›You could invest $11,740 in retirement accounts. After 40 years, you’ll earn $70,910 in interest*, assuming each investment has a 5% interest rate, compounded annually.

*Numbers are rounded.

The Brief Questions

Ask yourself all of the following before starting this opportunity:

Can you manage a large amount of schoolwork? To successfully handle a full course load, you’ll need to have good study and time-management skills. If you lack these qualities, use an assignment planner, practice thorough note-taking, and learn test strategies.

Answered “No”? RED FLAG

Do you have a fairly open schedule? To enroll in a full course load, you’ll need to have significant availability for class sessions and homework. If your time is limited by a job, sport, extracurricular activity, or other commitment, reduce your hours or seriously consider quitting entirely before signing up for classes.

Answered “No”? RED FLAG

Does your school allow enrollment in a range of credits (e.g., 12 to 18) without a monetary increase? To find out your school’s tuition rates, look on its website or ask a staff member in the financial aid office. If your school charges a flat fee for a varying amount of credit and you haven’t responded with a “No” to any of the previous questions, strongly consider completing this opportunity.

Answered “Yes”? CLINCHER

The Blueprint

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