Chad,
I had originally posted, but it got wiped out.

I would take stock of how much money you want to spend right now and determine if you want to go further in the hobby beyond this plane. Do you want to join a club, where you can fly glow powered planes? In my area, I know of no public spaces that I could fly a "fuel powered" aircraft, so i started with electric.

If that is the way to go, I would ask if you want to advance in electrics or stay with this plane for a while.
If you want to advance, you may want to look at brushless motors and possibly using Lipo batteries. This would be in comparison to brushed and NiMH batteries.

If you want to use brushed and NiMH, I would look at GWS and take a look at their Motors/Gearboxes/ESC's. If you are intent on the Herr, which sounds like a nice kit, and you want some help sizing electric, let us know. There are good tools to determine power output and flight duration/weight.

You may also want to look at united hobbies for the brushless and lipo stuff. I know a few guys that have been happy with them, however, buyer beware.

Best of Luck,
Curtis
P.S. what are you studying?