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Monday, February 9, 2009

Choosing And Paying For An Online Education

By Michael Fleischner

With so many individuals continuing their education, schools have evolved to accommodate individuals returning to school to finish a degree or to develop the skills necessary for retraining. In fact, more adults than ever are considering online education. Online degrees are popular because of the flexibility they provide.

When thinking about degree completion or online learning, there are a number of factors you should consider. First and foremost, you should begin with a clear understanding of what you wish to accomplish. Most individuals attend online learning programs to acquire the skills necessary for work in a particular industry.

Give some thought to the type of education you will need to get a job upon graduation. One way to do this is to start calling and speaking with counselors at both traditional universities and online schools. They can give you a good idea about what their programs will do for you as well as provide you with a sense of how many graduates are immediately placed in jobs.

With an ailing economy, job placement may be a challenge. Think about the industries that are doing well even in trying times. Medicine, pharmaceuticals, and other areas will continue to thrive as baby boomers age and the government continues to fund new programs.

As you get closer to selecting the type of online program that will meet your needs, you must consider whether you can complete such a program. Some good questions to ask yourself include whether or not you have the discipline needed to meet the program requirements. Also, can you succeed without being in a physical classroom? Are you okay interacting online. Some people are uncomfortable navigating forums, websites, and so on. But this should not be an obstacle.

In addition to entry requirements many schools and programs offer specific programs or customized programs. Make sure that you understand what it takes to meet graduate requirements and complete your degree. You should know exactly how many credits you need to get your degree. You should also understand the value of that degree. What type of job can you get? At what salary? Does the value of the completed degree equal the type of job you can get?

There are many ways to fund your online education. With the help of government programs, schools aid, and private loans, the options are many. Work with your school counselors to determine the most economical way to pay for your online education. Accredited schools and colleges have access to government funding programs that charge a low rate and make school affordable.

Once you graduate, you will have many options for paying off your financial obligations. The key is to make sure you find a job quickly and this will only happen if you have planned accordingly. Individuals who graduate with a degree that is in demand get place more quickly than those with less desirable degrees.

After graduation and once you begin repayment of your loans, consider consolidating your student loans via loan consolidation. The practice of loan consolidation is where you work with a single lender to aggregate your loans and consolidate them into a single loan. This results in a single payment with one vendor usually at a lower interest rate.

Completing your degree online isn't for everyone. Before enrolling, ask your prospective school about repayment options associated with each funding source. Ask the financial aid counselor if student loan consolidation is an option upon graduation.

Earning a degree online is a great way to make the most of a down economy. Before jumping right in you should ask a lot of questions about what you want to accomplish and what it will take to get your degree. Most importantly, think about how you are going to pay for that treasured education.

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