How Going Back to School Can Increase Your Family’s Earning Potential

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  • It has been many years since you cracked the spine of a textbook in a college course.

    When you look around the room, the seats initially begin to fill up with younger students.

    This momentarily makes you feel a little out of place. Especially when the professor walks in and looks a couple of decades younger than you too.

    However, many people your age are returning back to school in order to improve their education and to increase their earning potential.

    Choosing a School

    When it comes to picking the right college for your education, you may want to go with a local school, like California College San Diego, or travel to a larger state school. In short, the school you choose to go to will ultimately depend on what degree and continuing education programs your school of choice is offering. A school with a wide variety of programs for developing rewarding careers is certainly a plus for someone seeking to return to school.

    Since you are returning to school, you must also balance this decision with respect to how attending your school of choice is going to impact your family life. If you are still single this may not be such a huge consideration. However, if you are married with children, choosing a school that is far away from your home may not work out so well.

    Obtaining a Much Needed Certification

    Sometimes the only thing standing between you and a significant raise in income is little more than obtaining a certification in some specialized area. Going back to school to obtain this certification could provide you with all the leverage you need to convince your boss that you are worthy of receiving a significant wage increase.

    Even if your current boss does not yet see your value, that does not mean that another company will not desire to offer you a significant pay increase to join on with them instead. Sometimes having the right certification makes an employee specialized enough that they become in demand in their industry over night.

    Getting a Degree

    If you graduated high school and landed an okay job, you are perhaps not making quite the income you should be making. According to USA Today, statistics from 2013 onward show that people who strove for higher degrees of education tend to earn more on average. The earning gap between a high school graduate and someone holding a PH. D. averages out to be a difference of nearly $60,000 in annual income potential. If that is not a good enough reason to go back to school to improve your own income potential and your family’s financial situation, then what is?

    Switching Careers

    Another way you can pad your own your income potential to obtain a degree in a whole new field of study. Switching careers is often a viable way to ensure that you are going to get paid the money you deserve. You just need to make sure the degree program you choose is a vibrant industry with a lot of high paying jobs by the time you graduate. This may require some extra leg work on your behalf, but the financial rewards are worth the research required.


    As a general rule of thumb, education can open more doors for you. The more you know and the greater your skill set, the more employable you will be in a modern marketplace. The more specialized your education, the harder it will be for other people in your industry to compete with you for a specific job or promotion. With that said, this should be an option that you should be seriously considering to increase your earning potential.

    Off-to-College reference:

    financial aid options for college

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    Last update on 2019-11-15 / Affiliate links / Images from Amazon Product Advertising API

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