It Takes Money to Make Money
…and that definitely applies to education.
It makes me nervous. If accepted, I can plan on dropping $20-30k on tuition, books, parking, student fees, and a new laptop over the next two years. That’s a lot of money. My company, bless their little soul, will kick in $5k per calendar year, assuming I get good enough grades. That’s a pretty substantial chunk there. And a beloved relative has offered to buy me my laptop.
but….
The company contribution is a reimbursement so I I have to come up with the dough to get started. The laptop, as awesome as it is, is maybe $2.5k (hey, I’m going to get a decent one). That leaves me with $7.5k-$10k. I have enough equity in my house to do this, but does it make sense? And what happens when my kids start hitting college in a couple years?
So, is it worth it? Will I get enough of a pay increase to pay this money off? Will my student loans help when it’s time for my kids to get them? Can I even get student loans when I’m not approved for classes yet?
If anybody is reading this, please let me know your thoughts. Especially if you’ve already done this.
