Education &amp; Training http://www.wisebread.com/taxonomy/term/12010/all en-US Best Money Tips: The Best Sites for Online Courses http://www.wisebread.com/best-money-tips-the-best-sites-for-online-courses <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-the-best-sites-for-online-courses" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_smiling_laptop_675974978.jpg" alt="Woman taking online courses" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found articles on the best sites for online courses, how having a roommate may (or may not) save you money, and how to pack light for winter travel.</p> <h2>Top 5 Articles</h2> <p><a href="https://www.dumblittleman.com/best-websites-for-online-learning/">10 Best Sites for Free and Paid Online Courses</a> &mdash; These days, you have so many options for online learning that finding the best platform for you can be overwhelming. This list is a good place to start if you need help narrowing down your options. [Dumb Little Man]</p> <p><a href="https://everythingfinanceblog.com/23659/roommate-really-save-money.html">Will Moving in With a Roommate Really Save You Money?</a> &mdash; Having a roommate and splitting everyday living costs can help you save money, but there are situations where living with another person can cause more headache than it's worth. [Everything Finance]</p> <p><a href="http://frugalbeautiful.com/blog/winter-travel-pack-light-clothes-heavy/">Winter Travel: How To Pack Light When Clothes Are Heavy</a> &mdash; Black leggings are must-brings for winter travel. They don't take up much space, they match everything, and the fleece variety will keep you warm on its own or as a layering piece. [Frugal Beautiful]</p> <p><a href="https://www.popsugar.com/smart-living/Best-Things-Life-42302100">These 22 Small Moments in Life Should NEVER Go Unappreciated</a> &mdash; Don't take the small moments for granted &mdash; they are what makes life wonderful! [PopSugar Smart Living]</p> <p><a href="https://www.flippingheck.com/how-your-workspace-reflects-your-health-and-lifestyle/">How Your Workspace Reflects Your Health And Lifestyle</a> &mdash; Considering the many hours you probably spend at your workspace each day, it's important to set it up to promote a healthy lifestyle. [Flipping Heck]</p> <h2>Other Essential Reading</h2> <p><a href="https://www.csmonitor.com/USA/Politics/2018/0212/Fiscal-stimulus-is-back.-So-are-bigger-deficits">Fiscal stimulus is back. So are bigger deficits.</a> &mdash; Business is booming and unemployment rates are near rock-bottom, but economists and investors worry that the federal government is adding stimulus at the wrong time in the economic cycle. [The Christian Science Monitor]</p> <p><a href="https://www.lifeoptimizer.org/2018/02/10/being-intentional/">The Importance of Being Intentional</a> &mdash; Our natural tendency is to choose the easy way. If you want to live up to your full potential, you need to think about and take deliberate actions. [Life Optimizer]</p> <p><a href="https://zenhabits.net/expansion/">Powerful Courageousness: Practices to Expand Yourself &amp; Your Gift</a> &mdash; Your range shrinks when you only do the work you love when conditions are perfect. [zen habits]</p> <p><a href="http://www.punchdebtintheface.com/live-richer-without-rich/">How to Live Richer Without Being Rich</a> &mdash; You don't have to be rich to live like you're rich. [Punch Debt]</p> <p><a href="http://www.thefrugalgirl.com/2018/02/tuesday-tip-turn-your-glass-containers-upside-down/">Turn your glass containers upside down.</a> &mdash; When you put leftovers in a bottom drawer in your fridge, turn the food containers upside down so you can see the contents more easily. [The Frugal Girl]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-the-best-sites-for-online-courses">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-tips-for-going-back-to-school-as-an-adult">8 Tips for Going Back to School as an Adult</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/get-smart-about-money-with-these-18-free-online-courses">Get Smart About Money With These 18 Free Online Courses</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-financial-skills-to-master-before-you-graduate">6 Financial Skills to Master Before You Graduate</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-really-happens-when-you-dont-pay-your-student-loans">What Really Happens When You Don&#039;t Pay Your Student Loans</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-certifications-that-add-big-to-your-salary">7 Certifications That Add Big $$ to Your Salary</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training best money tips online courses Wed, 14 Feb 2018 09:30:09 +0000 Amy Lu 2103787 at http://www.wisebread.com 6 Financial Skills to Master Before You Graduate http://www.wisebread.com/6-financial-skills-to-master-before-you-graduate <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-financial-skills-to-master-before-you-graduate" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/graduation_college_school_degree_successful_concept.jpg" alt="Graduation College School Degree Successful Concept" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>With graduation only months away, you can finally see light at the end of the tunnel. After four (or more) long years of study, you're well-prepared to embrace adulthood, independence, and professional success.</p> <p>But are you <em>really</em>? Before you don that cap and gown, make sure you know the ABCs of personal money management. It could be the most important course you'll ever take. Here are the financial skills to master before you graduate.</p> <h2>1. Basic budgeting</h2> <p>If you can't build and stick to a basic budget, you risk having your life divided into a series of stressful 30-day cycles. Bills may be late, savings an afterthought, and credit cards could become an absolute necessity. Avoid this bleak fate. Set up a practice budget using <a href="http://www.wisebread.com/a-comprehensive-guide-to-the-envelope-system" target="_blank">the envelope system</a> or get acquainted with online money management tools like Mint. (See also: <a href="http://www.wisebread.com/build-your-first-budget-in-5-easy-steps?ref=seealso" target="_blank">Build Your First Budget in 5 Easy Steps</a>)</p> <h2>2. Living within your means</h2> <p>Consistently spending more than you make is the cornerstone of bad financial decision-making. You'll have no surplus money to invest. You'll rack up credit card debt (harming your credit scores in the process). And, you'll live in a constant state of stress. Create a realistic budget, stick to it, and don't pad your lifestyle with easy credit. (See also: <a href="http://www.wisebread.com/how-to-escape-the-paycheck-to-paycheck-cycle?ref=seealso" target="_blank">How to Escape the Paycheck-to-Paycheck Cycle</a>)</p> <h2>3. Paying your bills on time</h2> <p>Credit scores affect everything from interest and insurance rates to employment. And once your score is damaged, it can take years for it to recover. Protect your credit scores, avoid late fees and penalties, and keep the bill collectors away by paying your bills on time, every time. It's a fundamental part of being an adult. (See also: <a href="http://www.wisebread.com/heres-what-to-do-if-you-cant-pay-your-bills-on-time?ref=seealso" target="_blank">Here's What to Do if You Can't Pay Your Bills On Time</a>)</p> <h2>4. Using credit responsibly</h2> <p>Ready for my best Dad impression? &quot;Credit is a tool, not a toy.&quot; But Dad is right. Using credit responsibly means controlling impulses, only charging what you can pay off at the end of <em>every</em> month, and not confusing your credit limit with your budget. Seriously &mdash; credit abuse destroys the financial lives of countless families every year. Choose to be different. (See also: <a href="http://www.wisebread.com/12-habits-of-highly-responsible-credit-card-users?ref=seealso" target="_blank">12 Habits of Highly Responsible Credit Card Users</a>)</p> <h2>5. Negotiating</h2> <p>The unsung hero of personal finance, negotiating is a skill that can save you thousands of dollars over your lifetime. Imagine paying full price for every car and every house you buy. Or worse, imagine not knowing how to respectfully push back on the first salary offer a potential employer makes. Launch into adulthood from a position of power; know <a href="http://www.wisebread.com/how-to-negotiate-with-confidence-and-strike-the-best-deal?ref=internal" target="_blank">how to negotiate with confidence</a>.</p> <h2>6. Setting goals and saving for the future</h2> <p>Financial skills are a means to an end. Determine what kind of relationship you want to have with money, exactly what you want to achieve financially, and what level of discipline and attention it will take to turn your goals into your reality. Save with that plan in mind &mdash; and save without interruption. In short, apply the same level of dogged determination to your financial life as you applied to your education. The rewards will be just as great. (See also: <a href="http://www.wisebread.com/5-money-moves-to-make-the-moment-you-graduate?ref=seealso" target="_blank">5 Money Moves to Make the Moment You Graduate</a>)</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kentin-waits">Kentin Waits</a> of <a href="http://www.wisebread.com/6-financial-skills-to-master-before-you-graduate">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-money-moves-to-make-the-moment-you-graduate">5 Money Moves to Make the Moment You Graduate</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-borrow-student-loan-money-from-amazon-prime">Should You Borrow Student Loan Money From Amazon Prime?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/css-is-one-source-of-college-financial-aid-you-cant-afford-to-overlook">CSS Is One Source of College Financial Aid You Can&#039;t Afford to Overlook</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-college-students-can-save-money-before-class-starts">8 Ways College Students Can Save Money Before Class Starts</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-money-moves-every-new-college-student-should-make">7 Money Moves Every New College Student Should Make</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training budgeting college credit graduation money management negotiating paying bills personal finance skills students young adults Mon, 12 Feb 2018 09:00:06 +0000 Kentin Waits 2090877 at http://www.wisebread.com How to Apply to Lots of Colleges Without Going Broke http://www.wisebread.com/how-to-apply-to-lots-of-colleges-without-going-broke <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-apply-to-lots-of-colleges-without-going-broke" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/happy_student_in_class.jpg" alt="Happy student in class" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The cost of college is a major expense for any family pursuing higher education, but it's important to note that the money suck begins way before the first tuition bill. It starts with the college-bound teenager's application process, and it can put a sizable dent in your overall budget if the student is casting a wide net. You can defray this expense, however, with these money-saving tips that make the college-application process more affordable. (See also: <a href="http://www.wisebread.com/the-encouraging-truth-about-how-americans-are-covering-the-cost-of-college?ref=seealso" target="_blank">The Encouraging Truth About How Americans Are Covering the Cost of College</a>)</p> <h2>Consult a guidance counselor for advice before beginning the process</h2> <p>Your best resource for navigating the college-selection and application process is your student's guidance counselor. College admissions is a huge part of their job, and they have plenty of tips and tricks on how to get through it in a cost-efficient manner.</p> <h2>Narrow down your choices</h2> <p>Apply to fewer schools to save more money. Jason Patel, founder of college-prep company Transizion suggests applying to two reach schools, at least three target schools, and three safety schools to keep the total application fees low. If you've researched these choices well enough to determine that your student is a good fit, you shouldn't have to apply to any more than that. (See also: <a href="http://www.wisebread.com/how-college-applicants-can-tour-scores-of-campuses-for-15-or-less?ref=seealso" target="_blank">How College Applicants Can Tour Scores of Campuses for $15 or Less</a>)</p> <h2>Plan ahead to avoid errors and last-minute panic</h2> <p>College applications are more affordable when you plan early.</p> <p>&quot;Good planning leads to good decisions, says Patel. &quot;Most counselors and professionals recommend that students apply to five to eight colleges, so this means these five to eight colleges should be chosen early. Late discoveries lead to errors in the application and an eventual spreadsheet approach that forces students to apply to 15 colleges they're not sure of.&quot;</p> <h2>Search for no-fee colleges and universities</h2> <p>This'll make your wallet happy: There are no-fee colleges and universities out there (good ones, too), and you can find the best of the best on this ranking of the <a href="https://www.niche.com/colleges/search/colleges-with-no-application-fee/" target="_blank">2018 Best Colleges with No Application Fee</a> in America. That doesn't mean you should whittle down your choices to only these schools, however. Talk with your student about his or her goals and what they want from the college experience, and also be realistic about the schools by which your child has a chance of being accepted. If some of the no-fee colleges fit onto that list, great. If not, put them out of your mind and move on. Having your child choose a college they don't necessarily want to go to will cost you much more than that waived application fee if they want to transfer a year later.</p> <h2>Apply for fee waivers</h2> <p>Fee waivers are available for low-income families. For instance, students who qualify for free or reduced lunch can have their application fees waived at most colleges. Some students also can take the SAT or SAT Subject Tests using a test-fee waiver that will let them <a href="https://collegereadiness.collegeboard.org/about/benefits/college-application-fee-waivers" target="_blank">apply to more than 2,000 colleges for free</a>.</p> <h2>Apply during fee-free weeks</h2> <p>Some schools offer fee-free application weeks, which is generally available statewide in participating states. Some North Carolina colleges and universities waive their application fees during the second week of November, while their Minnesota counterparts waive for one week in late October. If you know in which state you're student is applying, search online to see if it has a no-fee week to offer before submitting. (See also: <a href="http://www.wisebread.com/12-surprising-ways-to-get-more-college-financial-aid?ref=seealso" target="_blank">12 Surprising Ways to Get More College Financial Aid</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fhow-to-apply-to-lots-of-colleges-without-going-broke&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FHow%2520to%2520Apply%2520to%2520Lots%2520of%2520Colleges%2520Without%2520Going%2520Broke.jpg&amp;description=How%20to%20Apply%20to%20Lots%20of%20Colleges%20Without%20Going%20Broke"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/How%20to%20Apply%20to%20Lots%20of%20Colleges%20Without%20Going%20Broke.jpg" alt="How to Apply to Lots of Colleges Without Going Broke" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/how-to-apply-to-lots-of-colleges-without-going-broke">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-surprising-ways-to-get-more-college-financial-aid">12 Surprising Ways to Get More College Financial Aid</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-financial-skills-to-master-before-you-graduate">6 Financial Skills to Master Before You Graduate</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-tips-for-going-back-to-school-as-an-adult">8 Tips for Going Back to School as an Adult</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-college-expenses-you-arent-saving-for">9 College Expenses You Aren&#039;t Saving For</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-better-way-to-rank-americas-colleges">A Better Way to Rank America&#039;s Colleges</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Budgeting Education & Training applying to college college college applications continuing education graduation how to afford college Fri, 26 Jan 2018 09:30:10 +0000 Mikey Rox 2093194 at http://www.wisebread.com 7 Things to Consider Before Paying for an MBA http://www.wisebread.com/7-things-to-consider-before-paying-for-an-mba <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-things-to-consider-before-paying-for-an-mba" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/young_woman_studying_in_classroom.jpg" alt="Young woman studying in classroom" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>A Master's in Business Administration can add millions of dollars to your lifetime income. According to Financial Times, alumni from the highest-rated MBA programs earned an average $142,000 just three years after completing their degrees &mdash; more than double the salary of their pre-MBA careers.</p> <p>While the potential of earning a better income is surely enticing, there are several factors to consider before committing to a graduate business degree. MBA programs aren't cheap, after all. Let's break down key criteria to decide if an MBA is a worthwhile pursuit.</p> <h2>1. GMAT test</h2> <p>Just like you need an SAT score to be admitted to undergraduate college, you need a Graduate Management Admission Test (GMAT) score to pursue an MBA. According to the Graduate Management Admission Council, nearly nine out of 10 new enrollments at the top 50 U.S. full-time MBA programs were made using a GMAT score.</p> <p>Depending on your target business schools, you may have to achieve a minimum score on this test. Getting to that minimum score is going to cost you prep time and money. At the very least, you'll need to cover the $250 test fee, but you may also have to pay for test prep services or additional materials that can bring up your total GMAT costs to thousands of dollars. Taking a free diagnostic exam from <a href="https://www.mba.com/us/the-gmat-exam/prepare-for-the-gmat-exam/test-prep-materials/free-gmat-prep-software.aspx" target="_blank">MBA.com</a> can help you determine how close you are to the required minimum score (if any) and what you need to do to achieve that score.</p> <h2>2. Type of MBA</h2> <p>To better meet the needs of its students, most business schools offer part-time, full-time, and executive versions of a business graduate program. While the full-time program allows you to fully immerse yourself in the MBA experience, a part-time program enables you to keep your current job and minimize student loans. An executive MBA (or EMBA) requires applicants to have several years of work experience, which will vary depending on the school. EMBA students typically have to attend classes on weekends.</p> <p>However, some schools offer additional types of MBA programs. For example, the Shidler College of Business in Hawaii offers a Global MBA with a China focus in which you complete an eight-month study abroad period at a partner school in China.</p> <h2>3. Work experience</h2> <p>Business schools vary widely in the amount of work experience they require from applicants. Still, 89 percent of full-time MBA students have an average 4.3 years of work experience, according to U.S. News &amp; World Report. For part-time and executive degree students, average work experience is even longer at 6.4 and 13.3 years, respectively.</p> <p>This doesn't mean that pursuing an MBA fresh off completing your undergraduate degree isn't possible. It just means that you may be limiting your options by applying to a business school too early. Keep in mind that taking the GMAT fresh out of undergrad is often a good idea, while your study habits are still intact, because your score will be valid for the next five years. Adding some years of relevant professional experience to your resume will strengthen your MBA application.</p> <h2>4. Target industry and salary</h2> <p>Let's face it: You are considering an MBA so you can increase your earning potential. Just keep in mind that your target salary goes hand in hand with your target industry. While an MBA can give your salary a boost, the actual pay bump varies per industry.</p> <p>Using data from over 6,600 MBA alumni working in the U.S., MBA.com reports the average annual salary of a graduate in the technology industry and a graduate in the government/nonprofit industry at $135,000 and $95,000, respectively. The job level of the position also affects the salary of MBA alumni: In the finance/accounting sector, a graduate would earn an average $55,000 per year in an entry-level position and an average $165,000 in a senior-level position. Knowing your earning potential can provide you a better picture of the potential return on investment of an MBA.</p> <h2>5. Job placement rate</h2> <p>It's one thing to know your earning potential; it's another thing to actually land the job paying that target salary. Make sure to ask about the average period of unemployment after graduation for graduates of your target MBA programs, the job placement services available during and after the completion of your degree, and the list of companies actively recruiting interns and full-time hires from those schools. While no school can guarantee you 100 percent job placement after you complete your MBA, some schools do a better job than others at setting you up for success. Choose one that best suits the unique characteristics of your desired career path.</p> <h2>6. Alternatives</h2> <p>Some industries have different types of programs or certifications that are comparable &mdash; and sometimes more valuable &mdash; than an MBA. In the finance sector, a Chartered Financial Analyst (CFA) credential is a recognized investment management designation valued by many employers. Other examples of self-study certifications coveted by employers are the Financial Risk Manager (FRM), General Securities Representative Exam (GSRE), Certified Financial Planner (CFP), and Associate of the Society of Actuaries (ASA).</p> <p>A professional designation is an alternative pathway to unlock career growth potential that may be similar to an MBA. (See also: <a href="http://www.wisebread.com/7-certifications-that-add-big-to-your-salary?ref=seealso" target="_blank">7 Certifications That Add Big $$ to Your Salary</a>)</p> <h2>7. Existing student loans</h2> <p>It takes money to make money, but there's always a limit. A 2016 Poets&amp;Quants study showed that MBA graduates had six-figure student debt from at least 13 prominent business schools, up from only two schools in 2011. Even some public universities offering MBA programs have a high sticker price: Six of the 25 schools with the highest average loans were public.</p> <p>Assuming a $100,000 student loan balance on a standard 10-year repayment plan with a 6.8 percent interest rate, you would pay an estimated $1,151 every month. If you already have a student loan balance, you should consider waiting until you reduce that financial burden before taking on additional student debt. (See also: <a href="http://www.wisebread.com/these-17-companies-will-help-you-repay-your-student-loan?ref=seealso" target="_blank">These 17 Companies Will Help You Repay Your Student Loan</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F7-things-to-consider-before-paying-for-an-mba&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F7%2520Things%2520to%2520Consider%2520Before%2520Paying%2520for%2520an%2520MBA.jpg&amp;description=7%20Things%20to%20Consider%20Before%20Paying%20for%20an%20MBA"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/7%20Things%20to%20Consider%20Before%20Paying%20for%20an%20MBA.jpg" alt="7 Things to Consider Before Paying for an MBA" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/7-things-to-consider-before-paying-for-an-mba">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-really-happens-when-you-dont-pay-your-student-loans">What Really Happens When You Don&#039;t Pay Your Student Loans</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-apply-to-lots-of-colleges-without-going-broke">How to Apply to Lots of Colleges Without Going Broke</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-surprising-ways-to-pay-off-your-student-loans">8 Surprising Ways to Pay Off Your Student Loans</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-surprising-ways-to-get-more-college-financial-aid">12 Surprising Ways to Get More College Financial Aid</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/these-17-companies-will-help-you-repay-your-student-loan">These 17 Companies Will Help You Repay Your Student Loan</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training business school career continuing education executives master's of business administration MBA student loans Mon, 22 Jan 2018 09:30:05 +0000 Damian Davila 2086755 at http://www.wisebread.com What Really Happens When You Don't Pay Your Student Loans http://www.wisebread.com/what-really-happens-when-you-dont-pay-your-student-loans <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/what-really-happens-when-you-dont-pay-your-student-loans" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/graduation_hat_and_figurine_on_coins.jpg" alt="Graduation hat and figurine on coins" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Student loan figures are staggering, and as the amount borrowed rises, so too do defaults. Failing to pay your student loan can cause serious fallout. Unlike other types of debt, student loans cannot be discharged during bankruptcy. Defaulting is nothing to be taken lightly.</p> <p>According to Student Loan Hero, college students across the country are graduating with an average $37,172 in student loan debt. And overall, Americans owe around $1.48 trillion in student loans. Unfortunately, 11 percent of the 44 million student loan borrowers have a loan in default.</p> <h2>Student loan default defined</h2> <p>How long can you miss payments before you're classified as in default? The answer depends on who's done the lending.</p> <ul> <li> <p>The Federal Student Aid Office defines a default on a Direct Loan or Federal Family Funded Educational Loan as failure to pay in more than 270 days (nine months).</p> </li> <li> <p>For private student loans, the definition of a default is stricter. You're usually considered in default if you've missed payments for three months, but some lenders brand you in default after just one missed payment.</p> </li> </ul> <p>Your loan could also be automatically categorized as in default if you or your co-signer dies or files for bankruptcy, no matter whether you're making timely payments or not. (See also: <a href="http://www.wisebread.com/6-questions-to-ask-before-taking-out-student-loans?ref=seealso" target="_blank">6 Questions to Ask Before Taking Out Student Loans</a>)</p> <h2>What can happen if your student loan defaults?</h2> <p>Student loans are among the most dangerous debt available in our society today. I say dangerous because there are few options to extricate yourself from a student loan if you fall on hard times. Mind you, federally subsidized loans offer multiple options for forbearance or deferment, which is a plus. But some private loans only permit a 12-month reprieve over the life of the loan. (See also: <a href="http://www.wisebread.com/4-things-you-need-to-know-about-deferring-student-loans?ref=seealso" target="_blank">4 Things You Need to Know About Deferring Student Loans</a>)</p> <p>If you can't get a forbearance or still find yourself unable to pay after a deferment, and you end up in default, brace for some significant financial consequences.</p> <h3>Wage garnishment</h3> <p>Student loan collection agencies can legally garnish your wages without a lawsuit. And they can take not only the amount that was initially due, but also penalties that can dramatically balloon your outstanding debt. Now you've also got to worry about overdrawing your bank account, exacerbating the financial stresses that caused you to stop paying your student loan in the first place.</p> <h3>Ineligibility for repayment assistance</h3> <p>Once you're in default, your options for help begin to narrow. You'll be ineligible for repayment assistance programs, meaning you can no longer apply for a deferment or forbearance. Gradual payment plans will be off limits.</p> <h3>Suspended license</h3> <p>In 22 states, including my home state of Illinois, professional licenses or your driver's license can be suspended if you fail to make student loan payments and the loan defaults. It will be much more difficult to earn an income without your professional certification or driver's license.</p> <h3>Credit issues</h3> <p>Obviously, not paying your student loans will implode your credit. Some basic financial transactions, from getting a cellphone plan to qualifying for a mortgage, will be more expensive and difficult. It could take months or years to rebuild your credit record.</p> <h3>Tax refunds seized</h3> <p>Your tax refund can be withheld to satisfy the outstanding balance on defaulted student loans. Federal benefits like Social Security can also be garnished.</p> <h2>You can't outrun your debt</h2> <p>Student loans don't just go away if you ignore them. They are difficult to discharge and federal government collection agencies have tremendous legal authority to take your funds if you neglect to keep your payments current.</p> <p>Some Americans dodge their student loan obligations by relocating overseas. This is not a solution. Late fees, penalties, and interest continue to accrue, and if life changes and you ever decide to repatriate, the problems will only be worse.</p> <h2>Avoiding student loan default status</h2> <p>The best defense against student loan default is to be proactive. Contact your student loan servicer as soon as your payment troubles begin. Inquire about payment assistance options available to borrowers experiencing difficulty repaying. (See also: <a href="http://www.wisebread.com/8-surprising-ways-to-pay-off-your-student-loans?ref=seealso" target="_blank">8 Surprising Ways to Pay Off Your Student Loans</a>)</p> <p>Avoiding the problem with your student loan is the absolute worst plan of action. In general, student loan borrowers who are struggling with their payments should consider:</p> <ul> <li> <p>Requesting a forbearance or deferment.</p> </li> <li> <p>Modifying the loan through <a href="https://studentaid.ed.gov/sa/repay-loans/consolidation" target="_blank">The Direct Loan Consolidation</a> program.</p> </li> <li> <p>Refinancing to a nonprofit student loan program to lower the interest rate.</p> </li> <li> <p>Revising the terms of the loan repayment.</p> </li> <li> <p>Applying to discharge the student loan.</p> </li> </ul> <p>You do have options, but you've got to recognize the problem <em>before </em>you default. Take action early and you can head off a lot of the issues that can turn your inability to pay into a disaster with long-running consequences.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fwhat-really-happens-when-you-dont-pay-your-student-loans&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FWhat%2520Really%2520Happens%2520When%2520You%2520Dont%2520Pay%2520Your%2520Student%2520Loans.jpg&amp;description=What%20Really%20Happens%20When%20You%20Dont%20Pay%20Your%20Student%20Loans"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/What%20Really%20Happens%20When%20You%20Dont%20Pay%20Your%20Student%20Loans.jpg" alt="What Really Happens When You Don't Pay Your Student Loans" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/toni-husbands">Toni Husbands</a> of <a href="http://www.wisebread.com/what-really-happens-when-you-dont-pay-your-student-loans">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-valuable-rights-you-might-lose-when-you-refinance-student-loans">8 Valuable Rights You Might Lose When You Refinance Student Loans</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-things-you-need-to-know-about-deferring-student-loans">4 Things You Need to Know About Deferring Student Loans</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-is-student-loan-forbearance-anyway">What Is Student Loan Forbearance, Anyway?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-to-pay-off-your-student-debt-faster">5 Ways to Pay Off Your Student Debt Faster</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-get-trapped-by-these-higher-education-scams">Don&#039;t Get Trapped by These Higher Education Scams</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training debt default deferment forbearance garnished wages licenses loan dodgers student loans suspensions Thu, 18 Jan 2018 09:30:10 +0000 Toni Husbands 2086606 at http://www.wisebread.com The Encouraging Truth About How Americans Are Covering the Cost of College http://www.wisebread.com/the-encouraging-truth-about-how-americans-are-covering-the-cost-of-college <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-encouraging-truth-about-how-americans-are-covering-the-cost-of-college" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/stick_with_word_saving_for_college_and_money.jpg" alt="Stick with word Saving for College and money" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The average annual costs for tuition plus room and board have reached an average $45,000 for private colleges and $35,000 for out-of-state-students at public colleges. When students and parents learn about these staggering figures, panic and resignation can set in.</p> <p>But it's important to keep in mind that most people don't pay the full sticker price for college &mdash; and what they <em>do</em> pay tends to come from a variety of sources, not just from savings or loans. Sallie Mae's 2017 <em>How America Pays for College</em> survey casts light on how families afford higher education costs, and may offer some reassurance that one way or another, you, too, can afford college.</p> <p>Here are some of the most interesting findings.</p> <h2>1. Few families pay the highest prices you hear about</h2> <p>Despite those high average costs, Sallie Mae found that the average family paid only $23,757 for college in the 2016&ndash;2017 academic year.</p> <p>Why is this so much lower than the scary averages reported in the news? For one thing, the private schools that charge the highest prices account for a small minority of all college students in America. Sure, Harvard is expensive, but most of us aren't going there. Many students go to community colleges, where the nationwide average for tuition and fees is just $3,347, according to AffordableColleges.com. Some community colleges are even tuition-free. Other students may attend in-state public universities, where College Board reports the average tuition and fees are below $10,000 a year. (See also: <a href="http://www.wisebread.com/what-does-free-college-tuition-really-pay-for?ref=seealso" target="_blank">What Does &quot;Free&quot; College Tuition Really Pay For?</a>)</p> <p>These examples don't include room and board, nor do they include other expenses that students often fail to account for, such as travel to and from school. But even if you factor in those expenses, these costs are a lot lower than the scary headlines would lead you to believe. (See also: <a href="http://www.wisebread.com/9-college-expenses-you-arent-saving-for?ref=seealso" target="_blank">9 College Expenses You Aren't Saving For</a>)</p> <h2>2. Half of students don't pay room and board</h2> <p>According to Sallie Mae's survey, a full 50 percent of college students now live at home with their parents, saving a ton of money on rent and cafeteria food. Even if they contribute to household expenses, the cost is likely to be less than it would be if they lived on their own.</p> <h2>3. Scholarships and grants cover more than you think</h2> <p>Funds that students don't have to pay back, such as federal grants, grants provided by the schools, and scholarships, cover more than a third of the cost of college for the average student. That's the largest funding source, greater than what either parents or students contribute, and it's been on the rise in recent years. In 2016&ndash;17, scholarships and grants covered 35 percent of the average student's costs, while back in 2012&ndash;13, they covered just 30 percent.</p> <p>That 35 percent translates to $8,390 that the average student receives toward college expenses and does not have to pay back. At more expensive schools, especially those with large endowments, the grants from the institution may be much larger.</p> <p>Where do those scholarships come from? Most families &mdash; 87 percent, the survey says &mdash; get one or more scholarships from the college itself. Three out of four students also earn scholarships from companies or community organizations, and 65 percent of students get a scholarship from state or local governments.(See also: <a href="http://www.wisebread.com/how-to-increase-your-childs-odds-of-winning-a-scholarship?ref=seealso" target="_blank">How to Increase Your Child's Odds of Winning a Scholarship</a>)</p> <h2>4. Grandma may chip in</h2> <p>Four percent of the average student's college costs are covered by relatives and friends. That may not seem like much, but it works out to $900 for the average student, which isn't nothing.</p> <h2>5. Parents and students share the load</h2> <p>Parents, don't feel like you've failed if you don't cover 100 percent of your kids' college expenses. Students, don't feel like a leech if you can't handle 100 percent of your college costs on your own.</p> <p>The fact is, in the average family, students and parents each contribute about the same amount to college expenses; 30 percent comes from the student and 31 percent comes from the parent. On each side, that contribution is a combination of savings, earnings, and loans.</p> <h2>6. If you don't feel prepared, you're not alone</h2> <p>Only around four in 10 families say they have a plan to cover all four or more years of undergraduate studies before a student enrolls. Most certainly don't have the entire sum saved up in advance. In fact, between student and parent contributions, only about 34 percent, or $8,000, comes from savings and income. The rest comes from those loans, grants, scholarships, and family gifts mentioned above. (See also: <a href="http://www.wisebread.com/12-surprising-ways-to-get-more-college-financial-aid?Ref=seealso" target="_blank">12 Surprising Ways to Get More College Financial Aid</a>)</p> <h2>7. Most families don't have 529 college savings plans</h2> <p>For better or for worse, use of this tax-advantaged savings vehicle is waning, with only 13 percent of parents of freshmen paying college costs out of a 529 account. Use of these accounts appears to have peaked at 17 percent in the 2012&ndash;13 school year.</p> <p>The lapse in popularity of the 529 program could be chalked up to the lack of planning noted above, or maybe more families are worrying that money they put into 529 plans could count against their kids when they apply for financial aid. However, if you have established a 529 account for your kids, pat yourself on the back, because you're in the virtuous minority. (See also: <a href="http://www.wisebread.com/the-9-best-state-529-college-savings-plans?ref=seealso" target="_blank">The 9 Best State 529 College Savings Plans</a>)</p> <h2>8. Smart students find ways to save</h2> <p>Budget-savvy students know that the cost of college doesn't have to be so high if you work at saving money. Half of students are living with their parents; others are renting textbooks or buying them secondhand, living off campus, and bicycling to class.</p> <p>Budget shopping also comes into play when selecting a college. According to the survey, 69 percent of students eliminated a school due to cost, up from 58 percent in the 2008 survey. This is probably a wise decision. (See also: <a href="http://www.wisebread.com/10-ways-for-college-students-to-save-loads-of-money?ref=seealso" target="_blank">10 Ways for College Students to Save Loads of Money</a>)</p> <p>While past studies indicated that more expensive schools offered a greater return on investment, a more recent study, <em>A Regression Analysis of College Tuition and Mean Income</em>, concluded that's no longer true. Nowadays, once differences in family earnings, race, and test scores are eliminated, there is little difference in earnings between graduates of expensive schools and graduates of more affordable schools. The study suggested that the only variable in colleges that might lead to increased earnings is the expenditure per student, which isn't always highest at the most expensive schools.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fthe-encouraging-truth-about-how-americans-are-covering-the-cost-of-college&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FThe%2520Encouraging%2520Truth%2520About%2520How%2520Americans%2520Are%2520Covering%2520the%2520Cost%2520of%2520College.jpg&amp;description=The%20Encouraging%20Truth%20About%20How%20Americans%20Are%20Covering%20the%20Cost%20of%20College"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/The%20Encouraging%20Truth%20About%20How%20Americans%20Are%20Covering%20the%20Cost%20of%20College.jpg" alt="The Encouraging Truth About How Americans Are Covering the Cost of College" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/the-encouraging-truth-about-how-americans-are-covering-the-cost-of-college">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-save-for-college-using-a-529-prepaid-tuition-plan">Should You Save for College Using a 529 Prepaid Tuition Plan?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/why-saving-too-much-money-for-a-college-fund-is-a-bad-idea">Why Saving Too Much Money for a College Fund Is a Bad Idea</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-questions-to-ask-before-taking-out-student-loans">6 Questions to Ask Before Taking Out Student Loans</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-ways-for-college-students-to-save-loads-of-money">10 Ways for College Students to Save Loads of Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-to-do-when-you-cant-afford-your-childs-college-education">What to Do When You Can&#039;t Afford Your Child&#039;s College Education</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training 529 plans college costs fees private schools public school room and board sallie mae saving money scholarships student loans tuition Wed, 10 Jan 2018 09:30:06 +0000 Carrie Kirby 2085304 at http://www.wisebread.com How to Make Good Money Teaching English in China http://www.wisebread.com/how-to-make-good-money-teaching-english-in-china <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-make-good-money-teaching-english-in-china" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/teacher_showing_painting_to_students.jpg" alt="Teacher Showing Painting To Students" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The demand for English teachers in China is high, with some estimates showing 300 million of the 1.4 billion strong population currently studying the language. Because of this widespread desire to learn English, there are lots of opportunities to teach it. Salaries for English teachers is usually between $1,200 and $2,100 per month, with added extras like free accommodation, insurance, language classes, flights to and from China, bonuses, and lunches on top of this. In a country where the cost of living is significantly lower than in the U.S., a teacher's salary can buy you a high standard of living. (See related: <a href="http://www.wisebread.com/15-ways-to-make-money-while-you-travel?ref=seealso" target="_blank">15 Ways to Make Money While You Travel</a>)</p> <p>Teaching English can be a great way to earn money abroad and learn about a new culture. Maybe you're a student looking for an exciting and fulfilling way to spend your gap year. Perhaps you're searching for a great job that can enable you to save money while you're traveling the world. Or you might even be seeking a new career that will allow you to permanently relocate to a completely different location.</p> <p>Whatever your motivations, teaching in China is an incredible experience, and in many instances it can also be financially rewarding. If you're ready to jump in, here's how to land a good paying job teaching in China. (See related: <a href="http://www.wisebread.com/the-3-best-jobs-for-expats-and-travelers?ref=seealso" target="_blank">The 3 Best Jobs for Expats and Travelers</a>)</p> <h2>Get qualified</h2> <p>Many institutions across China prefer candidates who have a university degree and will also look for some form of teaching qualification. The most widely recognized certificates are the Certificate in English Language Teaching to Adults (CELTA) and Teaching English as a Foreign Language (TEFL) certificate. Though you may be able to find jobs without any qualifications, it will be harder and the salary is likely to be far lower.</p> <p>A TEFL course will provide you with basic understanding of the techniques and knowledge you'll need to teach abroad, as well as a much better chance of landing a good-paying role. It's quick and easy to obtain via an online course or a classroom setting, that range in price between $190 and $2,500.</p> <p>When I taught English in China, the school paid for my TEFL training on-site, so I didn't have to have the certification before landing the job, but this isn't always the case.</p> <h2>Research in which area in China you'd like to live</h2> <p>China is a vast country, and everything including the culture, weather, salaries, living costs, and infrastructure vary from region to region. Because of this, it's important to do some research on China before you start applying for jobs. Keep in mind that most teaching positions come with a minimum of a one-year contract so it's important that you're happy with the location you choose.</p> <p>There are lots of big cities to pick from, with more than 100 cities that contain populations of more than 1 million residents, and these are where the majority of job opportunities lie. The bigger cities also tend to have the best-paying positions whereas more rural areas generally offer lower salaries. The very best tend to be in cities like Shanghai and Beijing, though these places also have a higher cost of living than the rural locations.</p> <p>I taught English in the small(er) city of Yangzhou in the Jiangsu Province and my salary wasn't as high as some jobs in Beijing and Shanghai, but the cost of living was so much lower that I was able to save more money than my friends teaching in the more popular cities.</p> <h2>Find positions to apply for</h2> <p>There are lots of different ways to go about searching for jobs, but your number one tool is going to be the internet. Your online TEFL certification provider will likely have a section on their site where they list available jobs, and sites like <a href="http://www.eslcafe.com/" target="_blank">eslcafe.com</a> and <a href="http://jobs.echinacities.com/" target="_blank">jobs.echinacities.com</a> are popular starting places. Another great way is to look for blogs written by people who have experience teaching in China and may be able to refer you to schools they worked in.</p> <p>There are also lots of recruitment agencies that act as third parties in the process by connecting you with schools that have open positions. Though many of them are trustworthy, bear in mind that they make money by successfully filling roles. Because of this, they may be tempted to bend the truth from time to time and possibly even promise things that won't actually materialize, so it's best to tread with caution.</p> <p>To minimize the chance of getting &quot;ripped off&quot; by spammy postings or bad recruiters, try to find contacts through sources that you can trust, and do your own research on the school and surrounding area.</p> <h2>Make sure you're applying to reputable schools</h2> <p>When you start researching teaching in China, you're likely to come across lots of horror stories. I've certainly read plenty of blog posts and articles written by people who have tried it, and for various reasons ended up in positions that they've hated. But you shouldn't necessarily let this put you off doing it altogether. Use it as inspiration to ensure you find a reputable school where you'll be treated well.</p> <p>Searching online is where you'll be able to gauge whether a school is reputable by reading detailed reviews by teachers. You'll start to get a picture of whether it's somewhere suitable or not. Though reviews are not foolproof, they're a starting point, and unless you get a word of mouth referral from someone you know, they're the best option available to you.</p> <p>I personally taught for Shane English School and there are many reasons why <a href="https://www.goatsontheroad.com/10-reasons-to-teach-for-shane-english-school-in-yangzhou-china/" target="_blank">I'm happy to recommend them</a>. They paid on time, offered bonuses, and truly valued all of the teachers that worked at the school.</p> <p>Whatever school you go with, it should offer return flights to your home country, health insurance, monthly salary, a proper working visa, and continued on-the-job training. You'll likely do a Skype interview with the school before accepting any teaching position, so guage their professionalism over the phone and go with your gut.</p> <p>As an added security measure, ask your contact at the school if they can request a chat with other foreign teachers working at the school. I did this with a couple of schools that I applied for and received some very constructive feedback (both positive and negative), which helped me to choose the right school for myself.</p> <h2>Make some extra money tutoring</h2> <p>It's worth noting that once you're in China, you'll find that many parents (often the parents of your own students) are looking for their child to have some extra one-on-one time with an English teacher.</p> <p>Tutoring jobs can pay very well and are a great supplement to your regular pay. In my experience, you can often land tutoring work for around $30/hour per student. Because many teaching contracts in China only require you to teach for 20 hours per week, there's generally plenty of time for teachers to pick up work on the side.</p> <p>If you want to find tutoring jobs, just look around at bulletin boards at different schools to see if there are any postings and ask other teachers and parents at your school.</p> <h2>Apply for your Chinese working visa</h2> <p>It's extremely important that you don't consider teaching English in China with anything other than the correct working visa. It's called a <a href="http://www.china-embassy.org/eng/hzqz/zgqz/t84245.htm" target="_blank">&quot;Z&quot; Visa</a> and is the only one which will entitle you to work legally, despite what some unscrupulous people may tell you. Working without one can land you in serious trouble as you'll essentially be working illegally and may even be classed as an illegal immigrant. If you're caught, you'll face a fine and could potentially be deported.</p> <p>Once you have your job offer, your chosen school should help you work your way through the process, but there are a number of basic steps you'll have to follow. You need to send your school copies of your passport, university degree, TEFL certificate, and sometimes a criminal record and medical check as well. Upon approval, the school will then supply you with an invitation letter and work permit, which you take to a Chinese embassy or consulate to obtain the Z Visa.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fhow-to-make-good-money-teaching-english-in-china&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FHow%2520to%2520Make%2520Good%2520Money%2520Teaching%2520English%2520in%2520China.jpg&amp;description=How%20to%20Make%20Good%20Money%20Teaching%20English%20in%20China"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/How%20to%20Make%20Good%20Money%20Teaching%20English%20in%20China.jpg" alt="How to Make Good Money Teaching English in China" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/nick-wharton">Nick Wharton</a> of <a href="http://www.wisebread.com/how-to-make-good-money-teaching-english-in-china">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-incredible-world-cities-you-can-afford">5 Incredible World Cities You Can Afford</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-students-should-make-during-a-gap-year">8 Money Moves Students Should Make During a Gap Year</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-travel-when-you-have-student-loans">6 Ways to Travel When You Have Student Loans</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-students-can-travel-abroad-for-less">7 Ways Students Can Travel Abroad for Less</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-get-college-kids-home-for-the-holidays-for-cheap">6 Ways to Get College Kids Home for the Holidays for Cheap</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Travel English teacher moving abroad moving to China relocating teaching English teaching jobs Mon, 11 Dec 2017 09:30:10 +0000 Nick Wharton 2068115 at http://www.wisebread.com ​How College Applicants Can Tour Scores of Campuses for $15 or Less http://www.wisebread.com/how-college-applicants-can-tour-scores-of-campuses-for-15-or-less <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-college-applicants-can-tour-scores-of-campuses-for-15-or-less" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/asian_student_on_the_street_looking_at_the_camera_smiling.jpg" alt="Asian student on the street looking at the camera smiling" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>It's nothing new for high schools to host college fairs. They're a quick way for students to learn about a large number of potential schools. What's new is that increasingly, reps at those fairs are handing teens Google Cardboard or other virtual reality headsets so they can take a quick tour without ever leaving their high schools.</p> <p>Saint Francis High School, a private Catholic school in Mountain View, California, recently hosted a fair where two colleges were giving virtual tours, said counselor Hector Camacho. He thinks the higher education market was wise to become an early adopter of virtual reality.</p> <p>&quot;When we're discussing fit, it's one thing to describe a college on paper, but it's a whole other thing for a student to take a virtual tour of a school across the country,&quot; Camacho says.</p> <p>While most students would like to tour all their top university choices in person to get a feel for the campus, that's not always economically feasible, since college visits can cost thousands in airfare and lodging. Virtual tours can be part of the winnowing process to eliminate &quot;maybes&quot; and get down to a short list of schools that the student will visit in person. (See also: <a href="http://www.wisebread.com/10-ways-for-college-students-to-save-loads-of-money?ref=seealso" target="_blank">10 Ways for College Students to Save Loads of Money</a>)</p> <p>A virtual tour is, at its simplest, a series of photos of the college campus that can be viewed from 360 degrees. You won't need a high-end VR headset like an Oculus Rift. Colleges want as many students as possible to take the tours, so you can usually view them on a computer, on a tablet or phone for free, or for a more immersive experience, on the $15 Google Cardboard.</p> <p>Where to find college virtual tours? One place to start is <a href="http://www.ecampustours.com/default.aspx" target="_blank">ECampus Tours</a>, which provides 1,300 of them, including one of Harvard, where you can see the <a href="http://www.ecampustours.com/tour-home-page.aspx?UnitID=166027#.WgC9omiPJPY" target="_blank">chandeliers in the freshman dining hall</a> or the shops at Harvard Square. These tours are generally 360-degree photos that you scroll through, not something you wear a headset to view.</p> <p>Beyond that, look on the school website. Usually, the &quot;visit campus&quot; section has a link to the virtual tour if the school has one.</p> <p>Here are a few examples to get you started.</p> <h2>1. Harvard</h2> <p>Beyond the views on ECampus Tours, you can see more of this coveted institution through <a href="https://college.harvard.edu/admissions/visit/virtual-tour" target="_blank">its own virtual tour</a> &mdash; which costs $0 to view. The photography here is really beautiful, especially of the stained glass in Memorial Hall.</p> <h2>2. Princeton</h2> <p>On <a href="http://www.youvisit.com/princeton" target="_blank">Princeton's virtual tour</a>, which you can click through on a computer or download the app to view on your phone using a VR headset, you follow a footpath through campus as if you were really walking around. It even has a recorded student tour guide to tell you what you're seeing &mdash; in multiple languages.</p> <h2>3. Kent State University</h2> <p>This Ohio school integrated its <a href="http://www.youvisit.com/kent" target="_blank">free virtual tour</a> with the campus interactive map, so you can seamlessly &quot;walk&quot; from place to place.</p> <h2>4. The Savannah School of Art and Design</h2> <p><a href="http://www.youvisit.com/tour/scad/80558?tourid=tour1_02_23_17_09348" target="_blank">SCAD's tour</a> is everything you'd expect from an art school. The beautifully designed presentation allows you to take it as a free 2D guided tour as an introduction to the school. The school sends new students <a href="https://www.scad.edu/blog/virtual-reality" target="_blank">cardboard VR goggles</a> in its welcome package so they can enjoy the tour in 3D and learn more about the campus.</p> <h2>5. Trinity University</h2> <p>This San Antonio, Texas, school's <a href="https://new.trinity.edu/admissions-aid/campus-visits-programs" target="_blank">virtual tour</a> is available for computers, mobile devices, or even Oculus Rift. Highlights include the Murchison Tower and the Esplanade.</p> <h2>6. University of Hartford</h2> <p>This Connecticut school wisely took the 360-degree photos for <a href="http://www.youvisit.com/tour/hartford?pl=v" target="_blank">its virtual tour</a> in autumn, so that you can do some leaf-peeping from your desktop or VR headset. The student tour guide mentions the places where Katharine Hepburn, who grew up in a home now part of the campus, used to play.</p> <h2>7. University of California, Berkeley</h2> <p>Admire blue California skies while &quot;strolling&quot; outside the Cesar Chavez Student Center or admire the boulevard leading up to Sather Tower in <a href="http://www.youvisit.com/berkeley" target="_blank">this virtual tour</a>.</p> <h2>8. Dartmouth College</h2> <p>Not content with just one tour? This New Hampshire school <a href="https://admissions.dartmouth.edu/visits-programs/virtual-tours" target="_blank">offers virtual tours</a> of the campus, the engineering department, and the athletics programs.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fhow-college-applicants-can-tour-scores-of-campuses-for-15-or-less&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F_How%2520College%2520Applicants%2520Can%2520Tour%2520Scores%2520of%2520Campuses%2520for%252015%2520dollars%2520or%2520Less.jpg&amp;description=%E2%80%8BHow%20College%20Applicants%20Can%20Tour%20Scores%20of%20Campuses%20for%2015%20dollars%20or%20Less"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/_How%20College%20Applicants%20Can%20Tour%20Scores%20of%20Campuses%20for%2015%20dollars%20or%20Less.jpg" alt="​How College Applicants Can Tour Scores of Campuses for $15 or Less" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/how-college-applicants-can-tour-scores-of-campuses-for-15-or-less">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-apply-to-lots-of-colleges-without-going-broke">How to Apply to Lots of Colleges Without Going Broke</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-college-perks-you-might-be-missing-out-on">8 College Perks You Might Be Missing Out On</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-smart-frugal-things-every-college-care-package-should-include">11 Smart, Frugal Things Every College Care Package Should Include</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-financial-skills-to-master-before-you-graduate">6 Financial Skills to Master Before You Graduate</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-surprising-ways-to-pay-off-your-student-loans">8 Surprising Ways to Pay Off Your Student Loans</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training applying to college college application college student college tour dartmouth harvard princeton virtual tour Tue, 05 Dec 2017 09:30:09 +0000 Carrie Kirby 2065225 at http://www.wisebread.com 7 College Courses That Will Boost Your Career http://www.wisebread.com/7-college-courses-that-will-boost-your-career <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-college-courses-that-will-boost-your-career" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/confident_female_college_students_raise_hands_in_class.jpg" alt="Confident female college students raise hands in class" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The job market is full of college-educated Americans. With so many people boasting bachelor degrees, associate degrees, and even master's degrees, it's no longer safe to assume that a college degree is the magic ticket that will kick-start a career.</p> <p>According to the Association of American Colleges and Universities, 90 percent of businesses value skills far more than they do any particular degree. That means that individuals, regardless of the level of education they are pursuing, should carefully choose classes that will not only help their degree, but also their future employability. (See also <a href="http://www.wisebread.com/7-skills-todays-employers-value-most?ref=seealso" target="_blank">7 Skills Today's Employers Value Most</a>)</p> <p>Here are a few great skills-boosting electives to consider.</p> <h2>1. Business writing</h2> <p>Not all business writing classes include the same curriculum, but this type of course typically teaches students how to write memos, professional emails, reports, grant applications, presentations, cover letters, and resumes. These classes occasionally also focus on utilizing word processing software, creating technical graphics, and developing a professional online portfolio.</p> <p>This elective should leave you with a large collection of sample writing for your online portfolio, a few more writing skills to add to your resume, and an enhanced ability to communicate non-verbally.</p> <h2>2. Communication and public speaking</h2> <p>Communication skills can help you speak with confidence, interact effectively in groups, and deliver speeches and presentations. The ability to communicate effectively can be vital to landing jobs, building professional relationships, and kick-starting a career.</p> <p>These classes give formal training in group communication, creating and delivering presentations and speeches, and delivering an effective interview. Individuals learn soft skills like how to interact with an audience, how to dress professionally, and how to read body language, too.</p> <p>Classes that focus on business communication might also focus on communicating effectively over a variety technological platforms, including social media sites, phones, presentation programs, and visual communication programs. (See also: <a href="http://www.wisebread.com/how-to-make-public-speaking-less-terrifying?ref=seealso" target="_blank">How to Make Public Speaking Less Terrifying</a>)</p> <h2>3. Digital communication and electronic marketing</h2> <p>As of 2017, well over two billion people use social media. Due to that staggeringly high number, the importance of social media communication has grown significantly over the last decade. New jobs, like social media managers, have been created. Even if individuals don't pursue a social media job, expertise in digital communication and electronic marketing is a valuable skill.</p> <p>Nonprofessional social media experts can still use social media to locate jobs, engage in social networking, and promote their own work online.</p> <p>Classes typically start by examining the basic principles and concepts behind the use of digital information and communication technology. Once a baseline is laid, students often learn about the marketing and communication use of various digital tools (from email, to text, to social media). By the end of the class, students will know the best marketing and communication strategies using these various digital tools. (See also: <a href="http://www.wisebread.com/9-high-paying-jobs-that-didnt-exist-10-years-ago?ref=seealso" target="_blank">9 High-Paying Jobs That Didn't Exist 10 Years Ago</a>)</p> <h2>4. Computer software skills</h2> <p>Computer software skills can be imperative to career success in many traditional office jobs. People (even those who don't have a college degree) can increase their employability if they have advanced software skills. Community colleges, in particular, tend to have a few courses that focus primarily on walking students through the ins and outs of various software programs.</p> <p>These courses tend to focus on presentation, spreadsheet, and document processing software. The curriculum also tends to focus on current business standards for document creation and formatting.</p> <h2>5. Web development and programming</h2> <p>While not all office jobs require programming skills, basic knowledge of web development can be a useful career enhancer. Editors, web managers, writers, and various other positions prefer to hire candidates that already know the ins and outs of creating or at least maintaining a website.</p> <p>These classes cover programming languages such as Python, HTML5, JavaScript, and C++. Individuals can utilize these new skills to create a website, build an online portfolio, spruce up a resume, and pursue projects that require sophisticated website or tool development. (See also: <a href="http://www.wisebread.com/7-certifications-that-add-big-to-your-salary?ref=seealso" target="_blank">7 Certifications That Add Big $$ to Your Salary</a>)</p> <h2>6. Entrepreneurship</h2> <p>Budding entrepreneurs or self-employed professionals could benefit from a course that focuses on the practical aspects of startups. Before diving headfirst into their world-changing business idea, hopeful entrepreneurs can arm themselves with knowledge that can help them succeed.</p> <p>This class typically teaches students about the challenges of opening, running, financing, and marketing a successful startup or small businesses. The class also delves into the typical behaviors and beliefs of successful business owners, and leaves students with the knowledge they need to succeed on their own. (See also: <a href="http://www.wisebread.com/the-top-7-blogs-for-entrepreneurs?ref=seealso" target="_blank">The Top 7 Blogs for Entrepreneurs</a>)</p> <h2>7. All-encompassing professional skills classes</h2> <p>Not all, but some colleges have begun to create classes that focus entirely on helping students build the necessary skills to thrive in a professional work environment. If you can't work a few skill-oriented classes into your schedule, you might want to see if you can find a class that just focuses on general skill development.</p> <p>Boise State University, for example, offers a series of courses on professional development. Some of the skills these courses focus on include self-awareness, teamwork, leadership, networking, and interviewing. Students tackle individual and team-based activities. Many of the activities are designed to mimic typical workplace scenarios, so that students can develop skills and experiences that are relevant to a professional workplace.</p> <p>Individuals, no matter their current educational status, may benefit from attending college classes that teach useful career skills. If a college class isn't possible for you at this point, you can search for the multitude of free or cheap books, websites, or video resources out there to help build your skills.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F7-college-courses-that-will-boost-your-career&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F7%2520College%2520Courses%2520That%2520Will%2520Boost%2520Your%2520Career.jpg&amp;description=7%20College%20Courses%20That%20Will%20Boost%20Your%20Career"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/7%20College%20Courses%20That%20Will%20Boost%20Your%20Career.jpg" alt="7 College Courses That Will Boost Your Career" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/samantha-stauf">Samantha Stauf</a> of <a href="http://www.wisebread.com/7-college-courses-that-will-boost-your-career">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/dont-make-these-7-common-mistakes-when-choosing-a-career-path">Don&#039;t Make These 7 Common Mistakes When Choosing a Career Path</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-tips-for-going-back-to-school-as-an-adult">8 Tips for Going Back to School as an Adult</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-restart-your-career-with-a-returnship">How to Restart Your Career With a Returnship</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/are-you-pursuing-an-overcrowded-career-field">Are You Pursuing an Overcrowded Career Field?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/get-smart-about-money-with-these-18-free-online-courses">Get Smart About Money With These 18 Free Online Courses</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Education & Training business writing college courses courses electives employability entrepreneurship job skills programming public speaking web design Fri, 01 Dec 2017 09:30:09 +0000 Samantha Stauf 2063301 at http://www.wisebread.com 8 Tips for Going Back to School as an Adult http://www.wisebread.com/8-tips-for-going-back-to-school-as-an-adult <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-tips-for-going-back-to-school-as-an-adult" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/african_woman_sitting_at_an_exam_in_college.jpg" alt="African woman sitting at an exam in college" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Whether you have never been to college, have some college credits from many years ago, or simply need to retool your education for a career change, there is much to be gained from going back to school. However, adult learners face a lot of risk factors that lead to dropping out before finishing a degree; things such as family obligations, financial shortcomings, and a tendency to attend school part time.</p> <p>With college costs steadily growing, the stakes are high; attending school without finishing a degree program could mean dealing with a mountain of debt and no job to help pay it off. Before diving into a degree or certificate program, do your homework to give yourself the best chance of success as an adult learner.</p> <h2>1. Choose a school that accommodates adult learners</h2> <p>One challenge adult learners face is feeling like they don't fit in with the much younger students on campus. Some find that the counseling services the school offers do not make sense for their situation in life. To avoid this problem, seek out a school that actively recruits older students.</p> <p>LendEdu ranks the <a href="https://lendedu.com/blog/colleges-for-adult-learners/" target="_blank">25 best colleges for adult learners</a>, taking into account factors such as on-campus child care, weekend classes and flexibility, and affordability. Its most recent list gives the top-ranking position to Delaware's Wilmington University, a private college that offers a wide range of professional certificate programs in addition to degrees.</p> <h2>2. Consider credit transferability when choosing a school</h2> <p>Another way the best schools accommodate nontraditional students is by accepting credits from other institutions. If you have earned prior credits from an educational institution, get an idea of how many would be accepted toward your new degree. Figure this out before enrolling, because the more credits that will transfer, the faster and cheaper your degree will be.</p> <h2>3. Choose a major that will help you reach your goals</h2> <p>Some 18-year-olds are OK with spending a couple of years in college finding themselves before focusing on a major that will lead to a specific career. Adults, not so much.</p> <p>A recent report from the University of Texas showed that the choice of academic major was the biggest factor in determining how much graduates from UT earned. In fact, your major appears to matter more than how good a school you get into, the report says.</p> <p>&quot;[G]raduates who majored in architecture and engineering at a UT System open-access college have median earnings that are higher than 61 percent of all UT System graduates at selective colleges,&quot; the report reads. After architecture and engineering, the highest earning major categories for UT students were computers, statistics, and mathematics; followed by health, then business. The lowest-earning majors were in the arts, psychology and social work, and biology and life sciences.</p> <p>Of course, you can't just blindly choose a major based on how much money graduates make. It also has to be a good match for you. Take an online assessment or work with a career consultant to figure out what field best matches your strengths.</p> <h2>4. Tap a range of funding sources</h2> <p>Don't assume that because you're an adult, you won't qualify for aid. In fact, there is no age limit for receiving federal student aid in the form of grants, loans, and work-study programs. There are also scholarships for adult learners, such as the Jeannette Rankin Foundation Scholarship, reserved for students age 35 or older. If you are or have been in the military, there are a host of <a href="https://studentaid.ed.gov/sa/types/grants-scholarships/military" target="_blank">student financial aid programs for veterans and military personnel</a>. Also, find out if your employer pays for continuing education; many workplaces will fund entire degrees for employees. (See also: <a href="http://www.wisebread.com/these-17-companies-will-help-you-repay-your-student-loan?ref=seealso" target="_blank">These 17 Companies Will Help You Repay Your Student Loan</a>)</p> <p>Once you have exhausted every avenue for funds you don't have to pay back, look into using your own assets for school as well. Although you should always proceed with caution when tapping into retirement accounts, it is possible in some circumstances to withdraw money from retirement accounts to pay educational expenses penalty free. (See also: <a href="http://www.wisebread.com/yes-you-can-pay-for-education-with-an-ira?Ref=seealso" target="_blank">Yes, You Can Pay for Education With an IRA</a>)</p> <h2>5. Investigate online or hybrid programs</h2> <p>Going to school around a busy schedule of work and family makes online college a popular choice. You can often watch lectures on your own schedule and avoid wasting time traveling to and from a campus. You can try many online courses for free &mdash; usually without credit &mdash; to see if online learning works for you. Check the <a href="https://www.edx.org/" target="_blank">courses listed at edX</a>, for example.</p> <p>A growing program type that appeals to many nontraditional students is the hybrid model, which combines online lectures with some classroom time for discussion. For instance, Northwestern University offers hybrid graduate programs aimed at professionals, which combines online lectures with a limited number of on-campus seminars.</p> <h2>6. Take your exams early</h2> <p>If you need to take the LSAT for law school, the GRE for graduate school, the GMAT for business school, or even the SAT, sit for it well in advance of school application deadlines. This takes a bit of the pressure off; when you know you have time to retake the test if necessary, you can relax and do your best.</p> <h2>7. Make a plan to balance life, work, and school</h2> <p>It could be that many adult learners end up dropping out because they mistakenly assumed they would somehow &quot;find time&quot; for coursework. Even if you start slow, going to school is like a part-time job, and you must allocate the hours to make it happen. Finding the hours might mean cutting back on work, eliminating a pleasurable activity such as watching TV, or dropping out of organized activities such as a sports team. One activity you cannot borrow hours from without negative consequences is sleep.</p> <p>It's also important to make sure family members, friends, and even coworkers and bosses know and respect that you need time and space to complete your coursework. You may have to say no when someone asks you to work overtime or pass up on volunteering for organizations you may have helped in the past.</p> <p>Research shows that when we work with interruptions, not only does it take time to get back on task, but we feel more stressed and frustrated. To avoid wanting to quit, it's important to carve out space for yourself to work uninterrupted. Build child care costs into your college budget if necessary, and make sure you have a quiet place to work away from the bustle of household life.</p> <h2>8. Know the tax benefits</h2> <p>Make sure you don't miss out on tax breaks available for returning students, such as the American Opportunity Tax Credit, the Lifetime Learning Credit, and tax deductions on interest on student loans. (See also: <a href="http://www.wisebread.com/dont-skip-these-8-tax-breaks-for-students?Ref=seealso" target="_blank">Don't Skip These 8 Tax Breaks for Students</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F8-tips-for-going-back-to-school-as-an-adult&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F8%2520Tips%2520for%2520Going%2520Back%2520to%2520School%2520as%2520an%2520Adult.jpg&amp;description=8%20Tips%20for%20Going%20Back%20to%20School%20as%20an%20Adult"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/8%20Tips%20for%20Going%20Back%20to%20School%20as%20an%20Adult.jpg" alt="8 Tips for Going Back to School as an Adult" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/8-tips-for-going-back-to-school-as-an-adult">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-your-child-can-earn-college-credits-in-high-school-for-cheap">How Your Child Can Earn College Credits in High School (For Cheap)</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-apply-to-lots-of-colleges-without-going-broke">How to Apply to Lots of Colleges Without Going Broke</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-surprising-ways-to-get-more-college-financial-aid">12 Surprising Ways to Get More College Financial Aid</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-questions-to-ask-before-taking-out-student-loans">6 Questions to Ask Before Taking Out Student Loans</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-tax-tricks-to-try-if-youre-stuck-with-student-loans">8 Tax Tricks to Try if You&#039;re Stuck With Student Loans</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Education & Training adult learners college continuing education credits majors online courses student aid taxes tuition Mon, 27 Nov 2017 09:30:10 +0000 Carrie Kirby 2057597 at http://www.wisebread.com Should You Save for College Using a 529 Prepaid Tuition Plan? http://www.wisebread.com/should-you-save-for-college-using-a-529-prepaid-tuition-plan <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/should-you-save-for-college-using-a-529-prepaid-tuition-plan" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_saving_for_education.jpg" alt="Woman saving for education" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Most parents with college-bound kids know about the traditional 529 college savings plan. It allows parents or grandparents to put money into a tax-advantaged savings or investment account that can later be cashed in to pay for college expenses. But did you know that some states &mdash; and a large consortium of private schools &mdash; offer another kind of 529 plan as well?</p> <p>It's called a <em>529 prepaid tuition plan</em>. With this kind of plan, you use your college savings dollars to buy tuition credits, locking in today's tuition prices. Considering how much news there is about the skyrocketing cost of college, this seems attractive in many ways. Parents can pay for college now and not worry that price increases will outpace their earnings. Better yet, a prepaid tuition plan is an investment that shouldn't ever go down in value &mdash; if you buy a credit worth a year of college now and the stock market crashes next week, you still own a year of college as long as the program delivers on its promise. (See also: <a href="http://www.wisebread.com/5-smart-places-to-stash-your-kids-college-savings?ref=seealso" target="_blank">5 Smart Places to Stash Your Kid's College Savings</a>)</p> <p>However, there are a number of factors to consider before committing to this lesser-known type of college savings plan. Here are some questions you need to ask.</p> <h2>What if my student doesn't go to the selected college?</h2> <p>Plans can change: Maybe you've been gung ho about your child attending your alma mater or the local state college, but your child isn't interested in either. Or, maybe your kid wants to follow in your footsteps and attend MIT, but doesn't get accepted. What happens to your prepaid tuition savings?</p> <p>You'll have to read the fine print to find out what you will walk away with if the student doesn't use the credits you purchased at the intended university. Any plan will likely allow you to change the beneficiary. For example, if Sally doesn't want to go to the University of Illinois, you can use her credit for her little sister instead. The Private College 529 Plan, which has nearly 300 participating schools including Stanford and Boston University, will also allow participants to roll their balance over into a traditional 529 college savings plan.</p> <p>In addition, various states' plans have provisions for using purchased credits toward other schools. For instance, Florida's prepaid tuition program is designed to be used at state universities and colleges, but funds can also be used for out-of-state or private schools.</p> <h2>What if my child gets a scholarship or doesn't go to college?</h2> <p>Again, provisions for refunds vary by plan. Some will refund the amount of tuition the plan would have covered. Under certain circumstances, some plans will pay you only what you put in &mdash; which would be a major loss of investment growth if the money sat in the account for years.</p> <h2>Will prepaid tuition be a better investment than stocks and bonds?</h2> <p>No one can predict what the markets will do. On the other hand, prepaid tuition programs typically offer participants a predictable outcome: Pay in X amount and you will receive a certificate for a semester of college. As long as the plan does what it promises, prepaid tuition plans won't lose value. However, this is no guarantee that you will end up with more value than you would have if you'd invested in the market.</p> <p>By way of comparison, private college tuition rates increased 2.4 percent per year in the past 10 years, and the cost of public four-year colleges increased 3.5 percent per year, according to the College Board. During the same decade, the S&amp;P 500 increased an average 7 percent &mdash; even taking the 2008 crash into account. So if you invested in a prepaid college fund a decade ago, your discount on present-day tuition will only equal half as much as the gains you would have gotten if you'd put the money in a traditional 529 savings plan that matched the S&amp;P 500's performance.</p> <p>A prepaid plan will probably decrease your risk and ease your worries about market fluctuations, but it could cause you to miss out on investment gains when the market is doing well.</p> <h2>What if the plan runs out of money?</h2> <p>When you put money into a prepaid college plan, the plan administrators take your money and invest it, along with the money from other plan participants. When your kid is ready for college, the plan is supposed to pay the school the cost of tuition &mdash; even if its investment growth falls short of the tuition cost. This could happen in a down market.</p> <p>Plans can also fail to meet their goals if not enough new investors buy into the plan. If this happens too many years in a row, plans can fall short of their promises and leave families in the lurch. This risk attracts a lot of criticism to prepaid plans, and has pushed some states to end their programs. Before investing in a plan, find out what it guarantees and what it doesn't.</p> <h2>The bottom line: hedging market risk</h2> <p>All the 529 prepaid plans out there are different. Participating in one could help you hedge market risk that you'd otherwise face with a college savings plan, especially if you only invest part of your savings in the prepaid plan while investing the rest in the market. Be sure to read all the fine print to learn what will happen if things don't go as expected.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fshould-you-save-for-college-using-a-529-prepaid-tuition-plan&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FShould%2520You%2520Save%2520for%2520College%2520Using%2520a%2520529%2520Prepaid%2520Tuition%2520Plan-.jpg&amp;description=Should%20You%20Save%20for%20College%20Using%20a%20529%20Prepaid%20Tuition%20Plan%3F"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Should%20You%20Save%20for%20College%20Using%20a%20529%20Prepaid%20Tuition%20Plan-.jpg" alt="Should You Save for College Using a 529 Prepaid Tuition Plan?" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/carrie-kirby">Carrie Kirby</a> of <a href="http://www.wisebread.com/should-you-save-for-college-using-a-529-prepaid-tuition-plan">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-encouraging-truth-about-how-americans-are-covering-the-cost-of-college">The Encouraging Truth About How Americans Are Covering the Cost of College</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-questions-to-ask-before-taking-out-student-loans">6 Questions to Ask Before Taking Out Student Loans</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/why-saving-too-much-money-for-a-college-fund-is-a-bad-idea">Why Saving Too Much Money for a College Fund Is a Bad Idea</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-college-students-can-save-money-before-class-starts">8 Ways College Students Can Save Money Before Class Starts</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-9-best-state-529-college-savings-plans">The 9 Best State 529 College Savings Plans</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training 529 plans college higher education prepaid tuition saving money scholarships school tuition Thu, 19 Oct 2017 08:30:06 +0000 Carrie Kirby 2037240 at http://www.wisebread.com Are You Pursuing an Overcrowded Career Field? http://www.wisebread.com/are-you-pursuing-an-overcrowded-career-field <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/are-you-pursuing-an-overcrowded-career-field" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/row_of_business_people_waiting_for_an_interview.jpg" alt="Row of business people waiting for an interview" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When it comes to a career, knowing what you want to do is half the battle. The other half is actually finding a job in your chosen field. In some job markets, an influx of eager candidates has rendered certain fields completely overcrowded with qualified workers.</p> <p>If you're ready to earn a degree or certification and pursue a set career path, you may want to do some research first. Ensuring that you'll actually be able to find a job in your desired field can prevent you from feeling like you &quot;wasted&quot; the time and expense of your education or training.</p> <p>Here's how to discover if you might be pursuing an overcrowded career field.</p> <h2>Look into national and regional statistics</h2> <p>The U.S. Bureau of Labor Statistics compiles an <a href="https://www.bls.gov/ooh/education-training-and-library/home.htm" target="_blank">Occupational Outlook Handbook</a> that lists the projected outlook and employment changes for specific jobs over a 10-year period. If the projected growth of jobs in your desired field is low or nonexistent, you might want to pursue another career.</p> <p>Some job markets are more saturated in certain areas than others. If you're looking for more localized information, each state has a department of labor that collects state level stats about career prospects. The Idaho Department of Labor, for example, created a Jobscape Career Search Tool that allows citizens to check out the demand for specific jobs each year. The stats can be filtered by region using a ZIP code or city name. That can really help residents get a sense of job prospects. Here is a resource for finding each individual state's <a href="http://www.projectionscentral.com/Projections/ProjectionSites" target="_blank">labor statistics site</a>.</p> <p>When stats are projected over a longer period, it can be difficult to determine if the major growth has already happened. You may want to find stats that project shorter term growth (typically over a two-year period) for the occupation. <a href="http://www.projectionscentral.com/Projections/ShortTerm" target="_blank">Projections Central</a> is a solid place to start. It lists short-term projections of occupations by state. If the change in employment prospects is either negative or low, it might be a sign to move or pursue a different career.</p> <h2>Check job search sites</h2> <p>Another way to get a feel for a crowded career field is to browse common job listing sites and see what the current listings are. If there doesn't seem to be a lot of job openings for your chosen profession on a local, state, or national level, the career field might be overcrowded. If there are tons of jobs available, you might be safe.</p> <p>Continue to keep an eye on the job listings as you prepare to enroll in a college or certificate program. If anything changes or doesn't change, it could give you some valuable insight on the state of the job market. If job listings for the career never seem to crop up, that's a very bad sign. If the same job listings remain month after month, that can be a good sign that companies are struggling to find candidates.</p> <p>Note this method is far more useful for careers with shorter educational requirements. The state of the job market today won't necessarily tell you what it will be like a few years down the line for careers requiring advanced degrees.</p> <h2>Seek advice from a college career counselor</h2> <p>Students can seek career advice from on-campus resources. A college career adviser, depending on the school and the individual's experience, can be a valuable source of information.</p> <p>If the adviser isn't any help on career-specific questions, students can stop by the career services office. The professionals employed in career services may be slightly better equipped to help you determine if your first career choice is a lucrative one. If they don't have specific information about your intended job prospects, they can at least help point you in the right direction to find the information you need.</p> <h2>Ask professionals in your desired field</h2> <p>Networking can be helpful in determining if a specific degree is lucrative or not. Ask around to see if any family or friends might know someone who pursued the same degree or job field in the past. If you find someone, politely ask if they'd be willing to meet up and answer some of your questions. Consider asking how easy it was for them to find a job, what the competition was like, and if they've seen an influx of new graduates suddenly flood their market.</p> <p>If you need ideas for alternate career paths, many state government websites list the hottest jobs in their state for individuals to pursue. Indiana, for example, has a <a href="https://netsolutions.dwd.in.gov/hh50/jobList.aspx" target="_blank">Hot 50 Jobs list</a>.</p> <p>If your heart is still set on pursuing a career in a crowded field, take steps to ensure that you can outshine every other recent graduate during your job search. It may also be worthwhile to research which regions and states offer a more lucrative job market in that specific field.</p> <p>And as a final note, remember that different states have different certificate and education requirements to work in certain jobs. Make sure when you pursue an education that you will meet those requirements.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fare-you-pursuing-an-overcrowded-career-field&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FAre%2520You%2520Pursuing%2520an%2520Overcrowded%2520Career%2520Field-.jpg&amp;description=Are%20You%20Pursuing%20an%20Overcrowded%20Career%20Field%3F"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Are%20You%20Pursuing%20an%20Overcrowded%20Career%20Field-.jpg" alt="Are You Pursuing an Overcrowded Career Field?" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/samantha-stauf">Samantha Stauf</a> of <a href="http://www.wisebread.com/are-you-pursuing-an-overcrowded-career-field">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-great-jobs-for-the-next-10-years">8 Great Jobs for the Next 10 Years</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-tips-for-going-back-to-school-as-an-adult">8 Tips for Going Back to School as an Adult</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-tips-for-my-career-clueless-college-self">5 Tips for My Career-Clueless College Self</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/why-you-dont-need-a-college-degree-to-succeed">Why You Don&#039;t Need a College Degree to Succeed</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-colleges-with-the-best-programs-to-get-you-jobs">8 Colleges With the Best Programs to Get You Jobs</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Education & Training career counseling career fields college job markets oversaturated prospects shadowing statistics Mon, 09 Oct 2017 08:30:08 +0000 Samantha Stauf 2032526 at http://www.wisebread.com Yes, You Can Pay for Education With an IRA http://www.wisebread.com/yes-you-can-pay-for-education-with-an-ira <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/yes-you-can-pay-for-education-with-an-ira" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/education_fund_coins_652348714.jpg" alt="Education fund in jar" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When most people think of saving for a college education, they usually think of 529 savings plans or Coverdell Education Savings Accounts (ESA). These accounts allow you to grow your money by investing in select mutual funds, much like a typical retirement account does. (See also: <a href="http://www.wisebread.com/5-smart-places-to-stash-your-kids-college-savings?ref=seealso" target="_blank">5 Smart Places to Stash Your Kid's College Savings</a>)</p> <p>While both of these accounts are great investment tools to pay for a college education, there's another option you may not have considered. A Roth IRA can also be used for educational expenses. There are pros and cons for each way to save for college. Here's a brief rundown:</p> <table> <tbody> <tr> <td> <p><strong>Coverdell ESA</strong></p> </td> <td> <p><strong>529 savings plans</strong></p> </td> <td> <p><strong>Roth IRA</strong></p> </td> </tr> <tr> <td> <p>No tax deduction from contributions.</p> </td> <td> <p>No tax deduction from contributions.</p> </td> <td> <p>No tax deduction from contributions.</p> </td> </tr> <tr> <td> <p>Withdraw your contributions tax free.</p> </td> <td> <p>Withdraw your contributions tax free.</p> </td> <td> <p>Withdraw your contributions tax free. (If you withdraw interest, it will be taxed.)</p> </td> </tr> <tr> <td> <p>Annual contribution limit: $2,000 per beneficiary.</p> </td> <td> <p>No annual contribution limit but most states limit total contributions to $300,000.</p> </td> <td> <p>Annual contribution limit: $5,500, or $6,500 if age 50 or over.</p> </td> </tr> <tr> <td> <p>Anyone can contribute but the amount they can contribute is limited by their modified adjusted gross income. Ability to contribute phases out once modified AGI reaches $220,000.</p> </td> <td> <p>&nbsp; Anyone can&nbsp; &nbsp; &nbsp; contribute.</p> </td> <td> <p>Must have income in order to contribute. People with high incomes ($181,000 for married couple) are prohibited from contributing.</p> </td> </tr> <tr> <td> <p>Can be used for higher education and qualified K-12 expenses. Beneficiary must use account by age 30.</p> </td> <td> <p>Can only be used for higher education expenses.</p> </td> <td> <p>Can be used for higher education, first home purchase, qualified medical expenses, and retirement.</p> </td> </tr> <tr> <td> <p>Account under guardian's name won't impact beneficiary's FAFSA.</p> </td> <td> <p>Account under guardian's name won't impact beneficiary's FAFSA.</p> </td> <td> <p>Withdrawals will increase your earned income and can affect beneficiary's FAFSA.</p> </td> </tr> </tbody> </table> <h2>Roth IRAs</h2> <p>A Roth IRA differs from a traditional IRA in that the income you contribute is already taxed. The beauty of a Roth IRA is that the distribution you take from your contributions is <em>not </em>taxable (as long as the use is approved).</p> <p>Let's say your child is a college freshman. You withdraw $15,000 from your Roth IRA for their first year of school. None of this money will be taxed, as long as it is from your own contributions and not from the interest earned. Withdrawals are considered returns of contributions initially, for tax purposes. They are considered interest earnings second.</p> <p>Now, you are likely thinking, &quot;But aren't IRA withdrawals subject to penalties if you withdraw them early?&quot; Generally, yes. Normally, you must be age 59 &frac12; or older, and have had the account for at least five years to withdraw without incurring a 10 percent tax penalty. Why? Well, all IRAs are retirement funds, primarily. They are designed to be withdrawn only as folks approach retirement.</p> <p>But no penalty applies if the withdrawal is for qualified educational purposes (or a first home purchase, or qualified medical bills). Even if your child or grandchild has a scholarship for full tuition, it's no problem. Roth IRAs can be used for any qualified educational expense, including room, board, books, and supplies.</p> <p>If your child or grandchild ends up not going to college, or not needing all the money, you can simply keep the money to continue funding your retirement. Note that to place money back into a Roth IRA, it will be subject to annual contribution limits ($5,500 if under age 50, and $6,500 if age 50 or older).</p> <h2>Traditional IRAs</h2> <p>You can also use traditional IRAs to pay for college. Essentially, traditional IRAs reverse the tax advantage of a Roth. You get a tax deduction upfront for all money contributed to a traditional IRA &mdash; but all withdrawals will be taxed at the federal and state level.</p> <p>As with a Roth IRA, if traditional IRA distributions before age 59 &frac12; are used for qualified educational expenses, they are not subject to the 10 percent penalty. However, they will be subject to tax. The IRS will get its money whenever you withdraw from a traditional IRA, regardless of what you withdraw it for.</p> <p>Because of the tax implications, while it is <em>possible </em>to use a traditional IRA for educational expenses, it may not be the most prudent move. If you want to tap into IRAs for college expenses, a Roth IRA is the better bet financially.</p> <h2>An important caveat</h2> <p>Realistically, tapping your IRA to pay for your child's education should rarely be your first choice. It can be a smart move if you have a considerable amount saved and a lot of time left before retirement to pay it back. Otherwise, you'll be draining the account of funds you very much need. It may be wiser to use an educational savings account to save for your child's education instead. (See also: <a href="http://www.wisebread.com/why-saving-too-much-money-for-a-college-fund-is-a-bad-idea?ref=seealso" target="_blank">Why Saving Too Much Money for a College Fund Is a Bad Idea</a>)</p> <p>However, there are still benefits of using an IRA over an educational savings account if you know your retirement will still be secure. For example, by combining the funds into one account, you will have more flexibility in choosing whether to spend your savings on education &mdash; and how much &mdash; or to continue to hold it for your retirement.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fyes-you-can-pay-for-education-with-an-ira&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FHow%2520To%2520Pay%2520For%2520Your%2520College%2520Education.png&amp;description=Yes%2C%20You%20Can%20Pay%20for%20Education%20With%20an%20IRA"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/How%20To%20Pay%20For%20Your%20College%20Education.png" alt="Yes, You Can Pay for Education With an IRA" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/anum-yoon">Anum Yoon</a> of <a href="http://www.wisebread.com/yes-you-can-pay-for-education-with-an-ira">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-save-for-retirement-when-you-are-unemployed">How to Save for Retirement When You Are Unemployed</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-alternatives-to-a-401k-plan">5 Alternatives to a 401(k) Plan</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-smart-places-to-stash-your-kids-college-savings">5 Smart Places to Stash Your Kid&#039;s College Savings</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/should-you-save-for-college-using-a-529-prepaid-tuition-plan">Should You Save for College Using a 529 Prepaid Tuition Plan?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/which-retirement-account-is-right-for-you">Which Retirement Account Is Right for You?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Retirement college contributions distributions higher education qualified expenses Roth IRA saving money traditional ira Wed, 04 Oct 2017 08:00:07 +0000 Anum Yoon 2029157 at http://www.wisebread.com Get Smart About Money With These 18 Free Online Courses http://www.wisebread.com/get-smart-about-money-with-these-18-free-online-courses <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/get-smart-about-money-with-these-18-free-online-courses" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/young_man_using_laptop.jpg" alt="Young man using laptop" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>A growing number of leading business schools and universities are offering free personal finance courses online. Why not take advantage of these sophisticated resources to grow your knowledge and take your finances to the next level? (See also: <a href="http://www.wisebread.com/10-places-to-get-free-personal-finance-classes?ref=seealso" target="_blank">10 Places to Get Free Personal Finance Classes</a>)</p> <p>These free online courses are sometimes known as Massive Open Online Courses (MOOCs). Many are either based on university courses, or actually are the same university courses that have been offered to paying students on campus. Although you will not get credit toward a degree for taking a free class, you can certainly learn a thing or two that will help you manage your finances and become a better negotiator, entrepreneur, and investor. (See also: <a href="http://www.wisebread.com/8-cheap-ways-to-continue-your-education-without-going-back-to-school?ref=seealso" target="_blank">8 Cheap Ways to Continue Your Education Without Going Back to School</a>)</p> <h2>1. Finance for Everyone: Smart Tools for Decision-Making</h2> <p>This <a href="https://www.edx.org/course/finance-everyone-smart-tools-decision-michiganx-fin101x-1#" target="_blank">introductory personal finance course</a> through the University of Michigan covers the basics of personal finance, teaching frameworks and methods that will better equip you to make sound everyday financial decisions.</p> <p>Time commitment: 6 weeks, 5&ndash;6 hours per week.</p> <h2>2. Behavioral Economics in Action</h2> <p>Offered through the University of Toronto, <a href="https://www.edx.org/course/behavioral-economics-action-university-torontox-be101x-0#" target="_blank">Behavioral Economics in Action</a> teaches students how economics drives consumer decisions and how to develop tools that lead to better financial decisions.</p> <p>Time commitment: 6 weeks, 4&ndash;5 hours per week.</p> <h2>3. Personal Finance</h2> <p>Purdue University offers <a href="https://www.edx.org/course/personal-finance-purduex-pn-17-2" target="_blank">Personal Finance</a>; Improve your money management by improving your understanding of key personal finance concepts such as investments, credit, and insurance.</p> <p>Time commitment: 5 weeks, 3&ndash;4 hours per week.</p> <h2>4. Analyzing Global Trends for Business and Society</h2> <p>The Wharton University of Pennsylvania offers an online course on <a href="https://www.edx.org/course/analyzing-global-trends-business-society-wharton-trends1x?source=aw&amp;awc=6798_1502742497_0d3411ef1fd94a7d7eb647004262589a&amp;utm_source=aw&amp;utm_medium=affiliate_partner&amp;utm_content=text-link&amp;utm_term=301045_https://www.class-central.com/" target="_blank">learning to understand global trends</a>, including how you can use that knowledge to make better financial decisions and investments.</p> <p>Time commitment: 7 weeks, 3&ndash;4 hours per week.</p> <h2>5. How to Start a Startup</h2> <p>With Stanford University's video course <a href="https://www.class-central.com/mooc/2572/how-to-start-a-startup" target="_blank">How to Start a Startup</a>, you'll learn the fundamentals of launching a new business; including how to develop product ideas, make sales, market products, and hire your first employees.</p> <p>Time commitment: 1,000 minutes of video.</p> <h2>6. Stocks and Bonds: Risks and Returns</h2> <p>Another Stanford video course, <a href="https://www.class-central.com/mooc/2453/stanford-openedx-stocks-and-bonds-risks-and-returns" target="_blank">Stocks and Bonds: Risks and Returns</a> covers the basics of stocks and bonds, including how value is established, what affects market prices, and what you actually get when you buy a stock or a bond.</p> <p>Time commitment: Self-paced.</p> <h2>7. Finance Theory I</h2> <p><a href="https://ocw.mit.edu/courses/sloan-school-of-management/15-401-finance-theory-i-fall-2008/" target="_blank">Finance Theory I</a>, offered by the Massachusetts Institute of Technology, teaches you how the economy and capital markets work, including an introduction to complex investment instruments such as derivatives and options.</p> <p>Time commitment: Semester-length course.</p> <h2>8. Retail Fundamentals</h2> <p>Learning <a href="https://www.edx.org/course/retail-fundamentals-dartmouthx-rfundx-0" target="_blank">how retail works</a> can give you an advantage as a consumer. This course from Dartmouth covers the basics of how businesses select inventory and set prices to maximize profit.</p> <p>Time commitment: 4 weeks, 3&ndash;4 hours per week.</p> <h2>9. Economics of Money and Banking</h2> <p>This course from Columbia University teaches the <a href="https://www.coursera.org/learn/money-banking" target="_blank">basics of banking and monetary policy</a> and offers insight into the financial crisis of 2007&ndash;2009 from the perspective of financial institutions.</p> <p>Time commitment: 13 weeks, 5 hours per week.</p> <h2>10. Introduction to Negotiation: A Strategic Playbook for Becoming a Principled and Persuasive Negotiator</h2> <p>Negotiating effectively is one of the most effective ways to get ahead financially. This course from Yale promises to &quot;<a href="https://www.class-central.com/mooc/4336/coursera-introduction-to-negotiation-a-strategic-playbook-for-becoming-a-principled-and-persuasive-negotiator" target="_blank">help you be a better negotiator</a>&quot; by teaching tactics and tools to reach a better deal.</p> <p>Time commitment: 9-week course.</p> <h2>11. Personal &amp; Family Financial Planning</h2> <p><a href="https://www.coursera.org/learn/family-planning" target="_blank">Personal &amp; Family Financial Planning</a> from the University of Florida teaches the fundamentals of personal finance and money management including budgeting, credit, and taxes.</p> <p>Time commitment: 9-week course.</p> <h2>12. Investment Vehicles, Insurance, and Retirement</h2> <p>Khan University's <a href="https://www.khanacademy.org/economics-finance-domain/core-finance/investment-vehicles-tutorial" target="_blank">Investment Vehicles, Insurance, and Retirement</a> course teaches the basic principles that will allow you to grow your money through investments and protect your money through insurance.</p> <p>Time commitment: Self-paced.</p> <h2>13. Securing Investment Returns in the Long Run</h2> <p>In the course <a href="https://www.coursera.org/learn/investment-returns-long-run" target="_blank">Securing Investment Returns in the Long Run</a> through the University of Geneva, you'll learn about active vs. passive investing and how to evaluate the performance of your investments to achieve good long-term returns.</p> <p>Time commitment: 4 weeks, 1&ndash;3 hours per week.</p> <h2>14. Fundamentals of Personal Financial Planning</h2> <p><a href="http://cat.ocw.uci.edu/oo/getPage.php?course=AR0102092&amp;lesson=001&amp;topic=1&amp;page=1" target="_blank">Fundamentals of Personal Financial Planning</a> from UC Irvine aims to teach you how to set and reach your financial goals by improving your knowledge of personal finance.</p> <p>Time commitment: 30 hours.</p> <h2>15. Free Online Personal Finance Course</h2> <p>This <a href="https://cals.arizona.edu/sfcs/personalfinance/introduction.html" target="_blank">personal finance primer</a> from the University of Arizona will teach you how to navigate the perils of today's consumer economy by mastering personal finance principles.</p> <p>Time commitment: 15 hours.</p> <h2>16. Econ 252: Financial Markets</h2> <p>Become a smarter investor with this <a href="http://oyc.yale.edu/economics/econ-252-08" target="_blank">economics course</a> from Yale, which aims to help you understand the inner workings of financial institutions such as banks, insurance companies, and securities markets.</p> <p>Time commitment: Semester-length course.</p> <h2>17. New Venture Finance: Startup Funding for Entrepreneurs</h2> <p>If you are thinking about starting a business, <a href="https://www.coursera.org/learn/startup-funding" target="_blank">New Venture Finance: Startup Funding for Entrepreneurs</a> from the University of Maryland will help you figure out how to fund your venture.</p> <p>Time commitment: 3&ndash;5 hours per week.</p> <h2>18. Marketing in a Digital World</h2> <p><a href="https://www.coursera.org/learn/marketing-digital" target="_blank">Marketing in a Digital World</a>, from the University of Illinois at Urbana-Champaign, will teach you how digital tools are revolutionizing the way products are bought and sold, and how this is providing unprecedented advantages for consumers.</p> <p>Time commitment: 4 weeks, 6&ndash;8 hours per week.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fget-smart-about-money-with-these-18-free-online-courses&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FGet%2520Smart%2520About%2520Money%2520With%2520These%252018%2520Free%2520Online%2520Courses.jpg&amp;description=Get%20Smart%20About%20Money%20With%20These%2018%20Free%20Online%20Courses"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Get%20Smart%20About%20Money%20With%20These%2018%20Free%20Online%20Courses.jpg" alt="Get Smart About Money With These 18 Free Online Courses" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dr-penny-pincher">Dr Penny Pincher</a> of <a href="http://www.wisebread.com/get-smart-about-money-with-these-18-free-online-courses">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-financial-skills-to-master-before-you-graduate">6 Financial Skills to Master Before You Graduate</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-millennials-have-changed-money-so-far">6 Ways Millennials Have Changed Money (So Far)</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-best-free-financial-learning-tools">9 Best Free Financial Learning Tools</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-online-tools-to-manage-your-money-in-under-10-minutes-a-week">5 Online Tools to Manage Your Money in Under 10 Minutes a Week</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/financial-tricks-to-master-for-a-happier-life">Financial Tricks to Master for a Happier Life</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Education & Training entrepreneurship freebies investing learning massive open online courses money management online courses resources Tue, 03 Oct 2017 08:30:11 +0000 Dr Penny Pincher 2028482 at http://www.wisebread.com 8 College Perks You Might Be Missing Out On http://www.wisebread.com/8-college-perks-you-might-be-missing-out-on <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-college-perks-you-might-be-missing-out-on" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/i_am_prepared_for_exam_very_well.jpg" alt="I am prepared for exam very well" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>College is expensive. Many students struggle to find the funds to attend college and <a href="http://www.wisebread.com/12-easy-ways-to-avoid-student-loan-debt?ref=internal" target="_blank">avoid massive student debt</a>. And while student debt is an ongoing issue, there are many ways a student ID can provide big savings elsewhere. Savvy college students can utilize free or discounted activities and products to maximize their college experience and minimize their expenses. Here are eight college perks that you might be missing out on.</p> <h2>1. Reduced or free museum admission</h2> <p>Many museums and art galleries offer free or reduced admission to college students. New York University, for example, has a program called <a href="https://www.nyu.edu/life/arts-culture-and-entertainment/free-museum-access.html" target="_blank">Museum Gateway</a> that grants free admission to nearly a dozen museums and art galleries in New York City.</p> <p>Even if the college doesn't have a direct partnership with the museum to provide free admission to students, the museum might still have a student discount. The Museum of Fine Arts Boston, for example, offers free admission with a valid student ID. (See also: <a href="http://www.wisebread.com/20-freebies-for-college-students?ref=seealso" target="_blank">20+ Freebies for College Students</a>)</p> <h2>2. Student discounts on computers</h2> <p>Computers are a vital tool. While students can access computers at local and college libraries, it can be a tad inconvenient. Computer manufacturers have created student discount programs to lower the monetary burden of students who need a computer.</p> <ul> <li> <p><a href="http://hp.force.com/external/hpacademy?AOID=51289" target="_blank">HP Academy</a> offers students 20 percent off HP products.</p> </li> <li> <p><a href="http://www.dell.com/en-us/learn/purchaseprogram/university" target="_blank">Dell University</a> offers students 20 percent off Dell products.</p> </li> <li> <p><a href="https://www.microsoft.com/en-us/store/b/sale" target="_blank">Microsoft</a> offers students up to 10 percent off Microsoft computers.</p> </li> <li> <p><a href="http://www3.lenovo.com/us/en/landingpage/students-and-teachers/" target="_blank">Lenovo</a> offers students 15 percent of Lenovo products.</p> </li> </ul> <p>If you get really lucky, the university might also offer additional savings or a free computer or tablet upon enrollment.</p> <h2>3. Discounted or free software</h2> <p>Software can be essential for a successful college career. Spreadsheets, word processing, presentation programs, and graphics editing programs are expensive. Thankfully, as a student, you are spared the high cost of the programs.</p> <ul> <li> <p>Office 365 is free to all students with a valid student ID. You can either download the programs from your college's website or from <a href="https://www.microsoft.com/en-us/education/products/office/default.aspx" target="_blank">Microsoft</a>.</p> </li> <li> <p><a href="http://www.adobe.com/creativecloud/buy/students.html" target="_blank">Adobe</a> offers students 60 percent off the price of their photography and design apps.</p> </li> </ul> <h2>4. Free access to gyms and rec centers</h2> <p>Most on-campus colleges tend to have a gym and rec center that are free for students to utilize. The perks offered in the gyms are highly dependent on the school. Perks range from workout equipment, one-on-one personal training, online, or on-site workout classes, lap pools, lazy rivers, hot tubs, rock climbing centers, and indoor recreation rooms for various intramural sports. Gym and rec center memberships are expensive, so it's definitely worth taking advantage of this perk.</p> <p>If you're an online student without access to your university's gym, private gyms often offer a student discount you can cash in on.</p> <h2>5. Free entertainment</h2> <p>Colleges often offer free admission to movie screenings, plays, guest speakers, sporting events, and concerts. These college-funded events can be great ways to fill your free time without dipping into your bank account.</p> <h2>6. Free mental health counseling and services</h2> <p>College life can be stressful. Students who are mentally and emotionally healthy have a slightly higher chance of succeeding at school. In order to help students maintain a good mental health, many colleges offer free individual, group, or couples therapy. The sessions are meant to help students deal with issues, manage their personal problems, and develop coping strategies. This is a free service that can, in many cases, save your educational career.</p> <h2>7. Discounted airfare and hotels</h2> <p>Whether it's for summer break, visiting the family, or returning to school, plane tickets and hotels can be horrendously expensive. The good news is that there are travel sites that offer discounted prices to students.</p> <ul> <li> <p><a href="https://www.studentuniverse.com/" target="_blank">Student Universe</a> lets students buy flights and hotels at a discounted rate. A student ID or class schedule will often be required to prove that you are a student.</p> </li> <li> <p><a href="https://www.cheapoair.com/deals/student-travel" target="_blank">CheapOAir</a> has a student travel page that offers discounted rates.</p> </li> <li> <p><a href="http://www.statravel.com/" target="_blank">STA Travel</a> offers an International Student Identity Card that provides discounts on flights and hotels.</p> </li> </ul> <h2>8. Clothing discounts</h2> <p>Students can receive special discounts at dozens of clothing retailers. This is especially true for students who need more formal clothing for internships or their first job after college.</p> <p>Once you have a little money to spend, go shopping for a few work-approved outfits before you graduate. Check out Banana Republic, J. Crew, Ann Taylor, Club Monaco, Sam's Club for student discounts. (See also: <a href="http://www.wisebread.com/15-sites-where-the-right-email-address-can-save-you-money?ref=seealso" target="_blank">15 Sites Where the Right Email Address Can Save You Money</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F8-college-perks-you-might-be-missing-out-on&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F8%2520College%2520Perks%2520You%2520Might%2520Be%2520Missing%2520Out%2520On.jpg&amp;description=8%20College%20Perks%20You%20Might%20Be%20Missing%20Out%20On"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/8%20College%20Perks%20You%20Might%20Be%20Missing%20Out%20On.jpg" alt="8 College Perks You Might Be Missing Out On" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/samantha-stauf">Samantha Stauf</a> of <a href="http://www.wisebread.com/8-college-perks-you-might-be-missing-out-on">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-genius-ways-to-stock-up-on-school-supplies">6 Genius Ways to Stock Up on School Supplies</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-a-simple-do-not-buy-list-keeps-money-in-your-pocket">How a Simple &quot;Do Not Buy&quot; List Keeps Money in Your Pocket</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/12-better-ways-to-spend-1000-than-on-the-new-iphone">12 Better Ways to Spend $1,000 Than on the New iPhone</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-things-its-better-to-buy-at-the-last-minute">6 Things It&#039;s Better to Buy at the Last Minute</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-classic-impulse-buys-we-need-to-stop-falling-for">10 Classic Impulse Buys We Need to Stop Falling For</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Education & Training Shopping college perks college student discounts saving money shopping tips student discounts Wed, 20 Sep 2017 08:30:17 +0000 Samantha Stauf 2023006 at http://www.wisebread.com