Considering Buy Masters degree online?
People want to buy masters degree online
There are many things to think about when you’re considering a buy masters degree online. Some are the same regardless of what stage of life you’re in, but some are different when you’re in your 20s compared to your 40s.
In your 20s:
Pros
- Right now is the prime time for you to continue your education. You just need a few more years in school to increase your potential earnings and job opportunities. While you’ll lose a couple of years of potential salary if you decide not to work while you go to school, you’ll make up for it over the years of higher wages.
- If you decide to work while you’re going to graduate school, you might be able to find a job with tuition reimbursement for your buy masters degree online.
- Your cost of living is probably still low. If you’re going right into your buy masters degree online from your undergraduate degree, you might not have a house, a car payment, or other major bills to pay yet, so you can still live cheaply while finishing your education.
- Graduate school will help you network and find mentors and peers who will help you in the future. A strong network will be a benefit for the rest of your career.
- You’re used to being in school, so you can just keep doing what works for you.
Cons
- You may not be sure of your life path yet. According to the Bureau of Labor Statistics, among younger baby boomers, between the ages of 18 and 48, they averaged over 11 jobs.
- Your school debt will increase significantly before you even start paying off the first loans.
- It might take a number of years before your salary shows the benefits of having a master’s degree.
- If you don’t work while you’re going to school, you’ll be losing several years of salary, plus you’ll be adding more debt.
In your 30s:
Pros
- You may have some or all of your undergrad loans paid off, so you’ll be starting fresh when adding the debt from getting your buy masters degree online.
- You’ve had some time to explore your career and you may have a better idea of where you’re going with your career.
- If you have found that your undergraduate career choice isn’t what you want to do for the rest of your career, this is the perfect time to use getting a masters degree online as a springboard for a career change.
- You may have a reasonable salary, savings, or a good credit rating established to help you pay for school.
- You may be working for an employer who offers tuition reimbursement.
- You may have enough work experience that applies to your master’s degree that you can get credit for it. Check with your school for options such as challenge exams (CLEP, DSST) and professional portfolio classes.
Cons
- You may have regular monthly expenses now, like car and house payments, monthly bills, and child-related costs.
- Taking off a well-paying job for a few years to go to school may not be an option if you have a spouse and/or children that need your income to help maintain the household.
- You may have to choose whether to work part-time or go to school part-time, or you might need to try to do both full-time, costing you much in family and social time.
In your 40s:
Pros
- You’re probably about as stable financially as you can be in your current career path, enabling you to be able to afford a buy masters degree online.
- You know what’s working for you in your career and what isn’t, so you have a firm grasp on what you want to do for your future.
- If you have children, they may be old enough now that they don’t need as much supervision or time as they did, freeing up some of your time to once again focus on yourself.
- If you have a child in college also, you’ll both be eligible for more financial aid.
Cons
- Your wages are currently probably about the best they could be. It might be hard to consider giving up part or all of that for a time to focus on school either part- or full-time.
- You not only probably have a regular monthly budget for regular living expenses, but you may be financing the college career of one or more children in addition to your own.
