We could well be headed towards tough times. House prices have declined, gas prices are up and jobs are harder to come by. Is it the time to invest in a degree?

On the one hand, a degree is an extra expense and will take years to complete - by which time, who knows where you'll be? On the other hand a qualification suited to the position you're applying for will almost certainly get you onto a shortlist for the role.

It seems your desired degree is a factor as well as your personal circumstances. U.S. student loans organisations have tightened their lending criteria, meaning many students will have to pay for their degree up-front out of their own pocket. Although many schools offering degrees at the executive level have seen a substantial growth in applicants at the same time. There is a wealth of business people either self-financed or sponsored by their employer for enrolement in MBA programs.

Some institutions offer scholarships to the most deserving students, and most will give comprehensive financial advice. It is always worth weighing up the suitability of a degree in all aspects, including how it will fit into your life as well as how affordable it is to undertake it. However, in times such as these it may be a distinct advantage for you to be an extra rung up the ladder when it comes to your career.

 

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