We hear it all the time, billionaires who succeed despite not having a college education. So you may be asking yourself or your child why do I need to go to college?
For starters, statistically, according to a US Department of Labor report, it has shown that a high school diploma alone is not enough to get students into jobs that pay above average. If you’re looking for a position with some sort of technical background, that job will most likely require a two-year, four-year, master’s degree, or at least graduation from a certificate program.
With the many ways you can get an education today, whether it’s through your local community college or online, it’s become easier than ever to go back to school or earn your degree.
What are the benefits of attending college?
1. Greater knowledge. A college education will give you a general understanding of all the sciences, which are all necessary for critical thinking skills. In college, you are also required to articulate your thoughts by writing reports and documents, which will then help you express yourself clearly on and off the job.
2. Potential to earn more. Studies have shown that a college graduate earns approximately $18,000 more per year than someone without a degree. Even a two-year degree will make you more money than nothing.
3. More life potential. With a few basic courses and skills, the potential for landing a job or finding an employer to provide training is greater with a college degree.
4. Employment Opportunities. The highest paying jobs are certainly more technical today than ever. Life experiences just don’t translate into technical knowledge. By attending college, you’ll gain the latest information on new technologies and software systems being integrated into the workplace.
Financing your education has also become easier today. With grants, loans, and federal assistance, with a little preparation on your part, you’ll find the perfect financial provision for your needs.
What are the options?
Scholarships: There are two types of scholarships, undergraduate and graduate scholarships. A scholarship is a gift in the sense that it does not have to be repaid like a student loan. Because the money is a gift, the funds are usually reserved for students with specific qualifications, such as academics, athletics, etc.
Student Loans: Student loans are like any type of loan in that they must be paid back. Education loans fall into three categories: student loans (Stafford and Perkins loans), parent loans, and private student loans. Federal law sets the maximum interest rates and fees that can be charged.
Military Student Aid – For students who are interested in pursuing a career in the military, there is Military Student Aid. Aid like the Montgomery GI Bill covers about three-fifths of your college education and is good for up to ten years from the date of your last discharge or release from active duty or training. The Montgomery GI Bill is for those who are enrolled in the Army Select Reserves, Navy, Air Force, Marine Corps, Coast Guard, and Army and Air National Guard.
