There are many reasons people decide to go back to school such as being pushed out of a job, needing upgraded skills or to land a new job. With the recession looming, it’s no surprise that colleges and universities across the country are reporting record spikes in enrollment.
Most experts are blaming the current economic crisis as the direct cause of the enrollment spike. Betty Krump, executive director of the American Technical Education Association, based in Wahpeton, N.D. recently reported that they are seeing a 16-17 percent rise since the beginning of last fall.
So, what does this mean for students needing more education? There are many factors to consider before returning to school. If the unemployment rate continues to rise, jobs after graduation will become even harder to come by. It is imperative that students have mapped out a specific course of study. Some skill sets are “recession proof” and others may not have a high demand in the work force.
Prospective students should also research the future job growth for the position they are seeking. The Bureau of Labor Statistics publishes the Occupational Outlook Handbook that can be viewed online and is a great resource for researching job potential in your particular field.
Paying for college may be the most important factor to consider. Recent changes in Congress have changed the the process in which students obtain financial aid and banks are weary of lending in the current financial market. Also, private college tuition is projected to rise in the 2009-2010 school year. So what are some options for students needing college tuition? For those wanting to bypass the federal Government, grants and scholarships are money that does not have to be repaid. There are many organizations and charities out there that offer such rewards but often go unclaimed because student don’t know they are available.
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