I’m 18 and am taking classes at a local community college for financial reasons. My plan is to transfer into a 4 year university after this semester. As we all know college is outrageously expensive so I want to be prepared to deal with student loans. The college I’m most likely transferring to is $30k a year but my parents are covering about 10k of it (don’t know the exact details). My parents are covering all of the community college expenses as it is super cheap.
Current financial situation:
7k in brokerage account
9k in checking account
Some questions I have:
How much would you suggest I have saved by the time I graduate?
Should I try and pay off student loans ASAP due to interest rates?
Should I pay off college while enrolled?
Anything else you notice or suggest?