Last Updated on April 8, 2016
The business world is changing. In less than 10 years, recent technology has altered the way that many companies do business permanently. Today’s businesses use technology tools and programs to help reach their customers in ways that were unheard of less than 20 years ago. All of this new technology and business changes have also brought about changes to the education system.
In the past, after high school most teens went straight to college. After attending college for four years, the students emerged with a degree and entered the work force. A college degree of any kind was enough to get you a middle class income and set you up on a career path for the future.
Today’s education and business process is not the same. The cost of traditional higher education continues to rise every year. It is not unheard of to emerge from college with over $50,000 of debt. Not to mention, many businesses want specialized degrees for their employees. It is not enough to simply have a basic degree. You must have knowledge and training in a specific career path before you apply for a job. This is nearly impossible for many college students who have no idea what they want to do for the rest of their lives.
The cost of a typical degree
A typical college degree can cost anywhere from $15,000 to over $100,000 per year. This figure does not include other fees, like books and admin fees or living expenses. If a student does not receive any kind of financial aid, he or she could emerge with hundreds of thousands of dollars worth of debt for a degree that he or she may never even use. This is not a wise investment strategy.
Online education – the alternative
Luckily, the education system is changing as well as the business world. Today’s students have many different education options. One popular and economical option is the option for online educational degrees. Many colleges offer online degree programs in relevant subjects that businesses want to see. Attending online college can help eliminate much of the expense of a typical degree plan.
With an online degree, not only is the tuition often less expensive than that of a brick and mortar school, but you will also get other benefits as well. With online school you don’t have to pay for building expenses, living expenses, or for expensive book fees. Online classes allow you to have a flexible schedule that allows students to have a job in addition to attending school. Not only does this save money, but it also allows students to build up real working experience while in school, which is an attractive experience for business recruiters.
Waiting for your degree
One way to maximize the investment in a college education is to delay the completion of a degree until you know precisely what field you want to have as a career. Online degrees are the perfect tool to help students see what career paths are available in the real world before committing to a degree path. Millions of dollars each year are wasted on degree plans that a student will never use. Delaying the completion of a degree until the student knows what plan to pursue is one of the best financial decisions he or she can make.
With the changes in the business world and education world, the best way to become educated has changed. Traditional education paths may not provide the right qualifications for a long-term career in today’s modern world. You can protect your financial investments by considering online education as an alternative to traditional brick and mortar schools.
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