A four-year bachelor’s degree is commonly considered the minimum entry point for the higher-paying jobs of the future. But if you are going to borrow money to complete one, you can and should determine in advance how much you can afford to borrow based on the career you wish to pursue.
Suppose you are interested in becoming a software engineer. You can use data from PayScale.com to figure out how much you can borrow. Visit payscale.com/college-salary-report/majors-that-pay-you-back/bachelors and click “Major” to sort the data. Software engineer is the degree with the 48th best earning potential.