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If ever there were a time to have an accurate crystal ball, it would be when you needed to figure out if you could swing the cost of college. More than any other question — the where, the why, the how — it is this issue of affordability that can impact a person’s decision to pursue higher education.

In the absence of such an oracle, however, we offer the next best thing: a step-by-step guide to determining whether or not college is in your financial future.

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Unless you already have a solid handle on your fiscal situation, it’s time to either sit down with pencil and paper to document your personal profits and losses or leverage a��financial calculator��to better understand how paying for college might impact your finances.

A simple internet search will yield a lot of options for online calculators. You can choose one for����or one specifically for����to gain a clearer understanding of the prospective financial impact.

If you have a particular school in mind, you can also reach out virtually or in person to ask for planning guidance. At����ɫ��Ƶ��(UOPX), for example, prospective students can utilize an��online calculator��to estimate the cost of attendance.

As you figure out what you can reasonably afford and what you might need to borrow or earn in grants or scholarships, bear in mind that the cost of college is an investment in your future. College graduates not only��than those with less education, they also enjoy lower unemployment rates.

Still not sure about the actual numbers? A general "rule of thumb," according to��, is that your projected salary should be at least 1.5 times more than the total amount you borrow.

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In state or out of state. Four-year university or community college. Online or in-person. When it comes to choosing the��right destination for your higher education, you have options.

Generally speaking,��online colleges��offer the advantage of reduced non-tuition costs. If you attend an in-person university, for example, you may have to pay for room and board, transportation, parking and so on. And all schools require educational materials, although some digital formats can be cheaper than traditional textbooks.

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Short for��, the���󴡹󳧴�®��is your best friend when it comes to sourcing free money for college. This is true if you’re hoping to secure federal student aid, as well as if you’re pursuing grants or loans from either the state or your chosen school (or both).

States and colleges have their own����for the �󴡹󳧴�® form, but the federal deadline is June 30 of each academic year.

Also, it bears repeating: Pay attention to the details. Read the instructions … twice. Sometimes the difference between getting aid and not is a matter of ticking the right box.

Once you’ve completed the �󴡹󳧴�®, you can better estimate the cost of college as it pertains to you: You should receive an email detailing what you’ll qualify for in the way of federal grants and loans.

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The most common��federal grants��are��, which are for undergraduate students who have a demonstrable financial need, and��, which are for undergrads who have "exceptional financial need" and are pursuing their first bachelor’s degree.

And, of course, since most grants don’t need to be repaid, these are worth pursuing. (There��are����for grants, though!)

Scholarships, meanwhile, offer another welcome avenue to securing funds for college. Like grants, scholarships don’t usually need to be repaid, and they can be based on need or merit.

Get online to begin����that may apply to you. There are all manner of options, from scholarships for mothers to scholarships for people with certain ethnic backgrounds.

Schools also offer scholarships to prospective students. UOPX, for example, offers��up to $1 million in scholarships��this month. It’s worth it to reach out to your school’s financial-aid advisors to learn more about what options are available.

Loans��are another way to cover the cost of college, although they do have to be repaid. It is recommended to exhaust all��federal loan��options before considering a��private loan. Private loans are not subsidized or guaranteed by the federal government.

There are other caveats around loans, too.��Direct Subsidized Loans��don’t accrue interest while you’re in school, but��Direct Unsubsidized Loans��start accruing interest as soon as the loan is disbursed. And��Direct PLUS Loans��are for graduate students (or parents of undergraduate students) that can hinge on the applicant’s credit history.

Whichever loan option(s) you choose, don’t borrow more than you need: You’ll thank yourself later when you’re cutting those loan-repayment checks.

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There’s no reason you should shoulder the cost of college on your own. In addition to financial aid, students can access several other resources to save both time and money on their degree, starting with their employers.

Many companies, in a bid to recruit and retain talent, will offer tuition benefits. Basically, they will help pay for college or pay down your student loans. Just be aware that��employer tuition benefits��are subject to certain regulations by the IRS. Up to $5,250 can be provided to an employee tax-free per year. Anything more than that is subject to taxation. Check with your company's human resources department to see what options are available.

Another cost-saving avenue is the��Prior Learning Assessment��(PLA), which awards college credit for eligible life or work experience. PLA is not offered at every school, but it can make a significant impact for students when it is available. At UOPX, for example, every three credits awarded through PLA translate to a savings of nearly $1,200.

Alternative credits��are another good option. These are credits earned through alternative, usually online sources like�������Ի���. For students looking to accelerate their degree program or knock out some general education courses, this pathway can be very rewarding.

So, can you afford college? With so many financial options out there, you don’t really need a crystal ball to answer it. You just need perseverance and a little creativity to figure out how to make it work.

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