Return to School With the Economic Recession

When tough economic times occur, especially withScholarships
increasing unemployment, people tend to reflect onBad news. Most scholarships are designed for those
their career choices. This reflection returns a need forgoing right out of high school into college. The reason is
training either to increase opportunities in their currentmost scholarships were funded years (think decades)
field or to pursue new opportunities. Thankfully thereago before the rise of distance learning and
are more avenues to receive training than evernon-traditional students. Plus, most students still enter
before. Not but a few years ago the only chance forhigher education right after high school. Also, the
training was to sit in a scheduled class, within a bricksthinking is returning students later in life may be able to
and mortar building, listening to a talking head at thepay out of pocket for their expenses. This thinking is
head of the class. Correspondence courses were ofchanging, slowly, and scholarships for non-traditional
little value, relegated to advertising in cheap magazines.students are growing. Still, they are scarce, especially in
Today, opportunities abound for training. Not only withprivate, for-profit schools. Most private, for-profit
the advent of new technologies has their been anschools scholarships are self funded, meaning they are
increase in new educational opportunities, but there hasusually just a discount on tuition.
been a significant philosophical shift. Alternative formsFinancial Aid
of education are not only accepted but also revered.Financial aid is available for students who can
People who take it upon themselves to pursue moredemonstrate financial need. The upside is if one
education in non-traditional forms show self-disciplinequalifies, they get the money. The downside is financial
and self-motivation. This all shows prospectiveaid can be had only for undergraduate work. Meaning
employers that one is a desirable prospect or currentif one is returning for a Masters degree or above,
employers that one is an indispensable asset.there is no federal financial aid. Also, if one is pursuing a
Training can take many forms. Some industries havetechnical or vocational program less than one year and
certification(s) one can pursue to improve their careernot offering a degree program, there is no federal
opportunities. The upside is that this manner of careerfinancial aid.
enhancement can often be pursued with self-study. AStudent Loans
cheaper form of education to be sure. The lowlyThe great equalizer of returning students and
correspondence course has morphed into "distancenon-traditional students is student loans. They are
education," and is now is a billion dollar industry. Alongavailable for graduate students and vocational
with that growth is acceptance of the degreestechnical schools with programs lasting an average
awarded, with even elite schools (Harvard, Columbia)school year (eight months). Also, qualifications for
pursuing "continuing education." Private, for-profitstudent loans are easy. Lending institutions do the
schools have proliferated also, making evening andlending, with a guarantee from the federal government
weekend offerings available in almost every industry.(for many loans, but not all). The government backs
The opportunities are so plentiful that every industrythem as student loans never go away, they cannot be
should have an avenue to pursue career growth thatforgiven in bankruptcy and the government can
would fit one's schedule.garnish wages to get them repaid. Still, repayment can
Figuring which school and when is usually the easiestbe flexible and deferred while in school and for an
part of continuing education. The hardest part of adultextended period immediately after graduation.
education is how to pay for it.