How To Earn More Money
You will hear it a lot. Want more money? Get a degree. Is it true? Well yes. The basic premise, those with degrees will make more money over their lifetime than those without a higher education or advance degree.
Compare a high school graduate to a college graduate. A high school graduate will earn an average of about $1.2 million over their lifetime. A college graduate can expect an average of about $2.1 million. What about higher degrees? Someone with a masters degree earns about $2.5 million. Those who have earned their PhD can expect an average of $3.4 million. These figures are based on a Census Bureau report titled THE BIG PAYOFF.
Let’s look a little deeper at these numbers. A high school drop out will make about $18,900 a year but a high school graduate will make about $25,900. A college graduate who holds a bachelors degree averages about $45,000 a year. Holder of professional degrees, such as lawyers, dentists and doctors typically earn around $99,300 annually. So the gap between a high school drop out and a professional degree earner is approximately $80,000 every single year! What a difference!
Getting that degree is not easy but it has become easier. We’re not talking about diploma mills. It will require studying, doing homework and proving that you have mastered the material by passing tests. But the ways of doing this have changed. There are many online programs available for working adults that will allow you to obtain your higher degree at your pace, while working and from anywhere that you have an internet connection and a computer.
Could this plan work for you? First you need to identify your plans and goals. Once you know what your specific goals are, you need to find an online college with a program that can help you meet those goals. Make sure you talk to friends and family and see if anyone you know has gone to school online. Referrals are always important. Double check that the school you’re considering is an accredited institution and that you’ll be able to transfer the units you earn should you decide to.
You’ve picked a road to follow and have a school that is going to help you get there. Now how do you pay for this new adventure? You may already have discovered the answer while you were researching potential schools. There should be a Financial Aid department at your chosen school. They can help you put together a plan to finance your degree. Don’t allow the word AID to get in your way. This isn’t about handouts. There are financial aid advisors who are well versed in how to pay for higher education through loans, scholarships, grants and cash payments. Make sure you ask lots of questions and feel comfortable with your Financial Aid advisor because they are as important to your success and an Academic Advisor.
Obtaining a higher income is possible through obtaining a higher degree, but first you must do your homework about what you want, the degree you wish to obtain, how much it will cost and what you can expect in Financial Aid. Once you have that mastered you will be on your way to completing the homework need to obtain your degree. Study your options and study hard!
If you’re ready to pursue your education, start with an accredited university degree. You’re sure to find the online university that’s right for you.
