When contemplating schools, be sure to consider your child’s career aspirations after school. This can help you both determine whether the debt incurred for a chosen school makes sense relative to your child’s income potential upon graduation.

If post-graduation plans offer little earning potential, it may make sense to target schools that cost less or offer a form of assistance. Bottom line: Keep the financial picture in focus while looking at schools.

School loans are more than a financial obligation. Sizable debt also may inhibit your child’s plans after graduation:

Illustration: Tendencies of students with too much debt

It is also wise to meet with your financial professional who can assist you in developing a strategy for saving more today to help your family meet this future cost. It is never too late to put money aside, and no amount is too little.

The more your family can save today, the better prepared your child will be to meet his/her important life goals.