Consider using “Rule of Tens” to determine PSE borrowing, program choice: Globe contributor

August 28, 2017

While it is important for students to pursue an education in something they are passionate about, they must also understand what kind of financial return they should expect to get on their investment, writes Tim Cestnick for the Globe and Mail. This is the case especially if a student is borrowing, the author adds before providing a formula for how students might think about choosing a program. Cestnick calls this formula the Rule of Tens, adding that “for every $10,000 in student loans, you should be able to earn about $10,000 annually over a base of $10,000, when you graduate, in order to repay those loans in 10 years.” Globe and Mail