The 15 Most Important Financial Decisions You’ll Ever Make

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2. Will you need financial assistance?

Few people get a ‘free ride’ full scholarship to the top colleges in the country. Even with a partial scholarship or financial aid, there are other costs to cover. A part-time job might solve the problem to some extent. Most often, it’s not going to cover all your expenses.

Unless your parents have spare cash lying around, a student loan may be necessary. The cost of getting a good education at the best universities can be astronomical. Keep in mind the doors a good education opens. Have a good understanding of what the repayments will be to make sure they don’t bankrupt you when you start working. Borrow the bare minimum to avoid racking up huge debts.