TheSavvyStudent.com
TheSavvyStudent.com Education Article Series

From time to time, we will publish new articles pertaining to Online and Continuing Education. We hope these pieces will provide additional useful information and tips to you to help improve your understanding of the advantages of pursuing an online degree and how it may affect your lifestyle and career.

Bad Marketplace: Should You Stay in School?

In a tough marketplace, conflicting emotions in students are common. On the one hand, you don't want to increase your debts when your family might be struggling financially following layoffs. On the other, you don't want to not finish a program and wind up without a job anyhow. In light of the high unemployment, many students are working to find a solution to the economy while maximizing their educational opportunities.

Student Loan Are Deferred
Most students have loans they have used to stay in school. So long as you are in school, the student loans are deferred. Once you leave school, you'll be hit with the repayment schedules for those loans, regardless of your income status. It is assumed by the lenders that students leaving school will have career opportunities and can afford to make payments on those loans. This might not be the case, however, as there are so many students leaving school without any employment options available in the current market conditions. If you do find yourself out of school with loans to repay, call the lenders and consider rolling the loans into a single repayment plan to take advantage of the low interest rates available.

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Employers Like Extra Skills
If your family is desperate for income, you certainly have a case for leaving school and finding work. The trouble is there might not be very good work available for you. Employers like extra skills, and so long as you can afford to, staying in school will be far more advantageous in the long run. Take out student loans to stay in school. If the job market is bad for degree in your area, consider staying in school even longer to work on a masters degree or use technical classes within your college to gain additional experience in desirable technical fields.

A masters degree will not only increase your education, it will increase your salary when you are hired, in most cases. In the case of certain degrees, a masters program might be your only ticket into a paying career. Many of the humanities require advanced degrees to work in the industry, and a bad job market is the ideal time to continue the track you're currently on to get that degree out of the way.

College Offers Work Flexibility
If you're worried about finances, you have options to increase your income while still in school. While you can't work full-time in most cases while attending courses full time, you can work part-time and arrange your classes to fit around your part-time position. Work in the afternoons and evenings or work in the day and attend classes at night. This might mean you have a great more to do every day than the typical college student you're familiar with, but you'll bring money into your household, continue with your education and even get started with a career you'll be able to transition directly into once you're closer to finishing the degree.


Free Information about Online Degree Opportunities
Request a Free Info Pack about several different degree levels and programs from top schools around the country. Financial Aid is available.


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