Every once in a while, life hands you a golden opportunity that you may pass by simply because you don’t recognize it. If you are unemployed and have always wanted to go back to school for either advanced training or a new career, life may be knocking at your door with such an opportunity.
It is possible to be actively seeking employment while also taking classes, which may be a requirement if you are receiving unemployment compensation. The opportunity is even more plausible if you consider an online learning program. Whether or not you can afford the opportunity is another issue that requires careful consideration.
However, if you have the support of the people in your life, now may be the best time to borrow money or take out a student loan. Why? According to many financial analysts, the economy will soon be entering inflationary times. When this occurs, the dollar will have less purchasing power, essentially making it less valuable. If you borrow now, you will be repaying the debt with cheaper dollars.
Of course, this is based on speculation, and any decision to borrow and take on debt should be made in the context of your personal situation and financial capacity. But the heaviest weight should be given to the career advancement and employment opportunities that a degree can provide.
With that in mind, more good news comes from data projections given by the federal government indicating that jobs requiring an Associate’s Degree will be the fastest growing when compared among positions requiring all other forms of higher degrees. This means you can cut your education bill and efforts in half without sacrificing employment results.