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The real cost of higher education

by Erik Keith

Created on: February 25, 2009

Education is a Powerful Force, Especially in a Tough Economy




The country's unemployment rate stands at 7.6 percent, meaning that more than 11 million Americans are now without jobs. However, while the employment rate among high school graduates with no college education hovers at eight percent, those with bachelor's degrees or higher are seeing the unemployment rate drop by more than half, to 3.8 percent, according to the U.S. Labor Department.




Additionally, the average annual salary for individuals with graduate or doctoral degrees is $75,000, while bachelor's degrees command an average salary of $51,000. For those relying on a high school diploma alone, their average salary drops significantly to $28,000.




Therefore, for anyone seeking increased career stability in this shaky economy, higher education is the answer. Now is the best time to pursue an advanced degree to further a career, as demonstrated in a newly released video (http://www.youtube.com/watch?v=NDfew0YcDTo by EducationDynamics.




Fortunately, finding the best program to match a prospective student's interests and goals has become much easier due to recent technological innovations and expanded access. With 4,146 colleges and universities in the United States, both on-campus and online, never have there been more educational options from which to choose.




Expanded Educational Options

Interest in online education has surged as a result of the convenience and flexibility it affords. Online learners can complete their coursework when it is most convenientafter the kids go to bed at night or even during a lunch break at work. Web-based courses also allow students to take classes at home, in effect eliminating time and money spent driving to class.




For others, a traditional campus setting is the preferred environment. Traditional classes allow students to interact face-to-face with professors and fellow students alike, and generally offer more structure than their online counterparts.




The choice between online learning and traditional on-campus programs is simply a matter of personal preference, and there are comprehensive resources, including eLearners.com and EarnMyDegree.com, that help prospective students find their ideal degree program.





Additionally, the eLearners Advisor (http://www.elearners.com/advisor/ is designed to help prospective students determine whether online learning or a traditional educational format best suits their needs and preferences. For those unsure about which academic program to pursue,

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