Getting ready for college? But is earning a degree by getting burdened with student debt a good idea? Of course not! I am sure you do not wish to repay your student loan till your retirement. As college education is becoming more and more expensive, increasing numbers of students worldwide are now looking for more affordable options to earn a recognised degree. But what is the best option for you? Let’s find out….
Earn A Digital Degree
Yes…online education is one of the most excellent ways you can earn an accredited degree without getting crippled by student debt which will impact your finances and savings for years. The fact is numerous Gen Y students are now opting for online higher education programmes as these provide you the opportunity to acquire a highly affordable, flexible and recognised degree/diploma. I believe online Level 5 diploma and Level 7 diploma programmes are your best bet if you wish to move up the career ladder without emptying your bank account. How? Let’s have a look….
Is College Education Affordable?
Irrespective of what your financial standing is, I am going to say…not really! The fact is college tuition fees have increased considerably in the last few years and as a result most learners have to take a student loan to fund their education. This is severally affecting their earning, careers, savings, homeownership and even retirement.
A New York Federal Reserve Bank report shows that in 2012 the US had a total outstanding student loan debt between $902 billion and $1 trillion. But presently, the amount has escalated to $1.2 trillion. That is a huge figure! Moreover the Federal Reserve Board of New York has discovered that at present almost 37 million students are unable to repay their student loans. These facts reveal a lot about college education and how it can affect your finances.
As a result of the crippling effect of your student loan, you will always lag behind those without debt and will end up negligible savings on your retirement. That is surely not worth going to college to.
This Is Why You Need Online Learning...
Studying online not only helps you to avoid student debts, but it also gives you the opportunity to work while you pursue your programme. As a result, you will not only save heaps of cash on higher or business education, but you will also be able to earn money as well.
But Are Online Programmes Valuable?
I know there are some people who think online degrees and diplomas are not at par with college education, but they couldn’t be more wrong. Nowadays, most reputed colleges, universities and business schools around the world are offering high quality online programmes. These are developed and taught by the in-house faculty of these institutions and also follow the same course content as their on-campus programmes.
The truth is online learning is especially helpful for business management student. Unlike traditional business courses, online undergraduate diploma in business management programmes enable you to acquire management, leadership and other business related skills in an affordable and easily accessible way. Furthermore, as you can work a full time job while studying an online business diploma, you will be able to apply your knowledge at the workplace immediately and further develop your skills.
As online qualifications are now accepted by employers worldwide, you can be rest assured about getting the best job opportunities and advancing your career.
What do you think? Are you looking for ways to avoid student debt? Do you think college can hamper your finances in the future? Is online learning the answer? Tell us what you feel by commenting below. We would love to hear from you.