The idea of college comes with a lot of questions—but there is one question that isn't usually asked: is college worth the cost? Most would say yes, but the honest answer is sometimes. Today’s guest, Robert Farrington, the College Investor, answers college questions in a detailed manner to help you make profitable decisions on your higher education choices.
Robert goes over how to look at college as a business decision rather than a necessity. A deciding factor in any college decision should be profitability. Is going to college going to make you more valuable in your field? Will the salary you make post-grad outweigh the student loans you took out? What financial resources are available to you to minimize debt and out-of-pocket expenses? How can you leave college debt-free?
When you start asking the right questions, each decision gets easier. And in today’s episode, Robert gives you the right questions to ask. He also goes over different ways to pay for college, including FAFSA, grants, and scholarships, and how each of them work. College requires a lot of informed choices, and this episode contains the knowledge to equip you to make those choices.
In This Episode We Cover
Looking at college as a business decision and determining whether a college education is financially worth it for you (or your child)
How to finance college through loans, grants, financial aid, and scholarships
529 plans explained and why it's an ideal way to save for college
Saving yourself by using the “Yes Model” to save for college
FAFSA vs. scholarships and how to apply for both
Cutting your college expenses in half with government-sponsored programs
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Scott's Instagram
Mindy's Twitter
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Subscribe to The “On The Market” YouTube Channel
Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets
Check Out Mindy’s 2022 Live Spending Tracker and Budget
Here's What I Wish Someone Told Me Before I Racked Up $180,000 In Student Loan Debt
How To Pay For College
How To Save For College
Ultimate Guide To Military And VA Education Benefits
Taxable Scholarships
Check the full show notes here: https://www.biggerpockets.com/blog/money-297
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