I Love My Fashion Design Degree, but It Wasn't My Passion

Fashion design is not my passion at all. I chose it because it was interesting at the time. If i hadn't had parents who had been saving for my college, maybe i would have chosen a different path. And studying psychology almost exclusively, a bad decision.

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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