How To Earn More Money

You’ve always heard it. People who go to college earn more money. Is it true? Well yes. Statistically, college graduates earn more over their careers than those who stopped at a high school diploma and certainly more than those who didn’t graduate high school. And the higher the degree, the more money they make.

Take a college graduate compared to a high school graduate. Over the course of a life time a college graduate will earn $2.1 million dollars while a high school graduate can expect to earn on average roughly $1.2 million. A graduate with a masters degree can expect to earn about $2.5 million and if you want even more money or proof, a person earning their PhD will earn on average $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. However a college graduate can expect to make, again, on average, about $45,000 while doctors, dentists, lawyers and other with professional degrees can expect about $99,300. This means that someone with a professional degree can earn about $80,000 more per year than a high school dropout! What a difference!

What if your formal education stopped at high school graduation? Don’t worry. There’s still time. Getting that degree is not easy but it has become easier. We aren’t talking diploma mills. It will require studying, doing homework and proving that you have mastered the material by passing tests. Think you don’t have time for college? There are new ways to go to school. Online college degree programs are designed specifically for working adults. You can take classes and earn your diploma or degree from anywhere you have access to a computer and the internet. You can study during the hours that fit your schedule and earn your degree at your own pace.

So is online education right for you? First and foremost what are your goals and plans? You need to answer that first. 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. Talk to family, friends and colleagues and ask if they or anyone they know has attended an online college. A recommendation from a successful graduate is a good place to start. You will also want to attend an accredited institution and know that your units earned are transferable.

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? If you have done your homework in picking a school then you will already have some idea as to the answer. 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. It’s not 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. Ask your financial aid advisor a lot of questions and make sure that you feel comfortable with their expertise. He or she can be every bit as vital to your success as your 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.


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