New Jersey’s student loan program has received a lot of attention recently, in light of the story of Marcia DeOliveira-Longinetti, who was told she would have to pay off her murdered son Kevin’s debts after originally being told they would be written off. Some are going as far as to say federal student loans are just a form of state approved loan sharking.
Of course, the problems surrounding student loans are not limited to our state alone, with some economists warning that we may be on the brink of a debt crisis sparked by the growing debts people incurred getting their college degrees. With the dearth of well paid jobs for new graduates, many people find themselves with repayments they can’t handle on their initial salaries.
If you are looking to do your bachelor’s degree, or are considering going back to college for a postgrad course like an MBA, then the thought of spending decades paying off the tens of thousands in debt you may incur may be downright terrifying. However, there are a couple of ways you can get the qualifications you want for far less, and without the cost of accommodation and transport while studying on campus at a private university. One of these ways is to attend a local community college, however another route more and more people are taking is to do their degree or masters online.
Online Degrees Just as Credible
Some people are put off of taking their degree online or doing something like an AACSB online MBA because they believe employers will not see their degree as as ‘good’ as that of someone who went to a private college. However, many of America’s most prestigious universities offer online MBA programs and bachelor degrees in a wide range of subjects, and studies have shown that as little as 9% of employers think where you got your degree matters at all. Most employers outside of the academic world are only interested in the knowledge your degree represents that you have, and not how much money you or your family spent getting it. Equally, your degree is only seen as important at the start of your career – once you have some good experience under your belt in ten years’ time, it is that that will be looked at when you apply for jobs or seek promotions.
Other Benefits of Online Studying
Doing your degree online isn’t just cheaper – it is also far easier to balance your life around. Studying when you want and not having to meet a lecture schedule allows you to fit your degree around a family life or a job, and you can do it all from home so there is no need to spend money on a commute or childcare.
If you want to give New Jersey’s student loan system a wide berth but really want to study, then an online degree could be the perfect solution for you.
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