The economy may seem to be flat, and in many places, the cost of tuition keeps inching up. BUT, this doesn’t mean college isn’t worth it. The Federal Reserve of New York says that the value of an Associate’s degree over a lifetime is about $325,000.
That means that earners who graduate with Associate’s degree make $325,000 more over their lifespan than earners who have a high school diploma.
In order to ensure that you are making the best investment possible, it is important to consider a few things about your college and degree options:
- What will you pay? Take into consideration the total estimated cost of attendance. Is there potential for federal grants and scholarships? Will you have to take out a loan as a last resort? You can use PSC’s Net Price Calculator to get an idea of what you will pay here.
- What will you earn? College certificates and degrees should lead to more earning power. Consider the cost of your college of choice compared to what you will make in your chosen profession. You can check out the earning power of your degree by using PSC’s Career Coach. Or, set up an appointment with a Career Advisor to discuss your options.
- Can you finish? A half-finished degree may help, but completion is the key to a good return. Consider taking a manageable number of classes, and limiting your other responsibilities, if possible. If you are struggling, contact an Academic Advisor for advice and resources that can help you succeed.
It might seem like tuition is expensive, and the time you spend studying is arduous… But persistence is required! However, in the long run, your college career is one of the most profitable investments you can make. For more smart money tips, including creative ways to pay for that college degree, check out our favorite money training site – CashCourse!