Step #3 – ROI

With recent financial setbacks due to COVID-19, and students concerned about incurring too much student loan debt, it’s important to invest every dollar for college wisely. So far, we’ve covered creating a plan for your career, and selecting the best school. In Step 3, we’ll going to look at your overall Return on Investment – or ROI. This is an important step thousands of students fail to take, yet is essential to determine whether the numbers — especially the debt incurred — make sense. We’ve looked at a school’s ROI … and that’s definitely an important step … but may not be relevant once you evaluate your own personal ROI. That’s what we’ll explore in this session.
College ROI

My CAP Resource Guide

RG2020-3

My ‘College Action Plan’ 

 

Now it’s time to ‘work the numbers’ to determine if your Plan makes economic sense. Students who fail to take this Step often end up with overwhelming student loan debt that may be nearly impossible to repay.

  • Subtract family contributions from total cost.
  • Divide annual income by 12
  • Per month.
  • This field auto-calculates based on what you enter into the previous two fields.