Are you in school this semester? Have you been to school but the cost of education and the time it took to graudate caused you to drop out? Did balancing work and school become too much? Were you going to start school again this year only to find out that many of your credits won’t transfer?
These are problems facing college students in the United States every year, which has caused massive college drop out rates across the country. While the Bachelors Degree is still worth the investment – resulting in higher wages and lower unemployment rates after graduation – the initial investment of time, money, and other resources, not to mention taking on what can be crippling debt for years to come, makes this a VERY difficult investment for people to make.
According to a study by Washington-based think tank Third Way, of the 7.2 million students who take out loans to go to college, only 55% will graduate from four-year, private nonprofit colleges within six years. That means two more years of loans.
The biggest reasons students cite when asked why they dropped out of college is that the cost was too much. The solution? Many community colleges offer programs with credits that transfer into local public Universities in the third year, so students can finish their generals and prerequisites in the less expensive community college before transfering to a traditional university, one where they will have in-state tuition and they won’t have to spend time and money retaking classes they have already completed.
Another solution is to go to trade school or do an apprenticeship or intership that turns into a job. You can go back for your Bachelors degree later on down the road when it makes more sense economically for you.
There is also a creative solution that can combine the education and work experience you already have to form a degree equivalency. You may already have the work experience and college credit necessary to account for a US Bachelors degree, which means you don’t have to go back to school to earn your degree. You already have! To learn more, visit TheCareerPeople.com.