Getting a College Degree if you are Struggling Financially

getting a college degree

The current economic landscape in the United States is truly abysmal. The stock market is down, inflation is sky high, and many people are looking for opportunities to further their education so that they can improve their lifestyle and income. Getting a college degree to impress employers can help you to dramatically increase your paycheck, and as a result improve your prospects in life. Find out the reality of getting a college degree, and then learn about a shortcut that may be the right solution for you.

The cost of getting a college degree.

For people living on low incomes, the cost of a four-year degree is a significant hurdle. Lack of childcare options can make attending college difficult. Private daycare can cost hundreds of dollars per day, and students cannot always rely on family members to watch their children. Even financial aid packages don’t cover the added expenses of attending college. For some people, even a few hundred dollars can make all the difference.

College is expensive, and even though some students earn a degree, they still struggle with finances. A survey of Wisconsin students showed that nearly 70 percent reported financial stress. Food and housing insecurity are common among college students. In fact, between 20 and 40 percent of community college students struggle with food. Thirteen percent are homeless. A college education can improve your chances of finding a job in the future.

While earning a degree is important, a college education can provide many other benefits. College is a place where you can discover yourself. No one is the same person they were when they graduated from college. A college education can provide you with inspiration and knowledge for your life. If you have a good job or want to change your career, a college education can help you achieve it.

Is the Return on Investment of getting a college degree worthwhile?

The ROI of furthering your education depends on your major. A degree in engineering is likely to have a large lifetime payoff, while a degree in architecture will yield an ROI of approximately 500k per year. The ROI of a college degree is best understood when compared to the costs of tuition, books, and forgone earnings.

Despite the many benefits, a college degree has its own drawbacks. Many people in the middle class who did not complete college  earn more than people with a university diploma. The general rule though is that the average income of a person with a college degree is nearly twice as high as that of a person with a high school diploma. Those with a college degree have a better chance of getting a better job and higher earnings. And they’re also more likely to be homeowners than people with a high school diploma.

Moreover, a college degree has many non-financial benefits as well. For instance, the engineers who invented the iPhone captured only a tiny fraction of the social value. However, there’s another factor that should be considered when evaluating the ROI of a college degree: the social benefit it brings. For instance, those who study religion do so because they’re passionate about it, not for the money.

While there’s a growing gap between college graduates and lower-educated workers, the number of high-paying jobs is still significantly higher than those with a college degree. Many lower-paid employers are assisting students with the cost of a college degree. However, the earning power of a college degree depends on the area of study. Some of the best-paying fields for a college degree are engineering and computer science. Others, such as art and religion, tend to have low earning potential.

While there are certainly many advantages to having a diploma that we have discussed, the main problem for people in a tough financial position is the amount of time and money it costs to get the degree. For most students, it can take anywhere from 4 – 8 years to complete a college degree. It can take even longer for those who need to work full time jobs while working towards their diploma. While this is a significant time cost, it pales in comparison to the amount of money that is required for getting a college degree. Though prices vary greatly depending on the school attended, most college students end up with hundreds of thousands of dollars of student debt by the time they graduate from university. 

Is it worth it to get a replica diploma if you are struggling financially?

If you think that your life may benefit from getting a college degree, but you don’t have the time or money to pursue one in this current economy you do have other options. There are diploma companies where you can order an authentic college degree for a fraction of the price of actually going to college, and have the document in your hands in a matter of days.

There are websites, like ValidGrad, where you can order a degree from any university that is customized to include your details. By getting a college diploma from an online resource, you can dramatically increase your chances of getting a better job much more quickly and for a minimal cost. Make sure before ordering though, that you are buying from a reputable company. There are many online resources that provide certificates that are easily recognizable as frauds. If you use a novelty diploma with an employer, and they can tell that the degree is not authentic, it could mean loss of your job or even some legal troubles. Do your research and find a company that gets good reviews, has good customer service, and can get you your diploma quickly. 

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