Why I Garner Debt to Gain an Academic Degree
Hi there philomaths!
Philomath is a person who loves learning and studying.
When it comes to getting an education (in America), many people opt out for several reasons but mainly due to high costs and potential long term debt. So, why would someone want to obtain such a thing? I can’t speak for everyone, but I can share why I, personally, am willing to go into debt for education, specifically an academic degree.
Let’s get started!
Create More Opportunity
I’ve heard some varying opinions about school and opportunity. Personally, I think it does create more opportunity and provides more options. For example, someone who has a high school education will not be qualified nor hired to be a tutor for an online tutoring company because most (or all) require at least a Bachelor’s degree. A few might hire someone while in school trying to obtain a Bachelor’s but this is rare.
So, degrees open several more options, especially for online work. If you have a degree, this shows proof of your knowledge. Otherwise, a hiring manager would have to be willing to take a chance on your knowledge without knowing what you really know prior to hiring.
Some fields require a degree because informal knowledge is simply not enough. For instance, if you obtained an architect degree, this would expand your financial growth and allow you several options within the home building and real estate career field. I highly doubt someone with informal architect knowledge would be hired as this may not be safe. I don’t know this field extensively, but it seems likely that a formal degree is definitely needed.
This aspect of school is sadly overlooked most of the time. Money seems to be the main focus, but knowledge is worth more than money, in my opinion, for several reasons. A college education gives you an array of knowledge from History to Science and from Math to Painting. Obtaining such a wide scope of knowledge opens many doors to include finding your passion and finding a career that sparks that passion inside of you.
It also allows you more financial opportunity during your personal financial struggles or possibly an economic crisis. For instance, if you love painting and obtained a degree in this field with a minor in technology, your minor would give you some knowledge to be qualified for a position with Best Buy or maybe Google or Apple depending on many factors.
Even if you took one class in a particular subject or field this would give you extra knowledge you would not have otherwise.
Make More Money
I’ve also heard varying opinions on this as well. Some think you make more money and, surprisingly, some think you make less money. I suppose this view is due to accrued debt. But, there is tremendous financial abundance after obtaining at least one degree. If you get one Bachelor’s degree and stop here, then the type of degree and school might limit your financial growth depending on what careers you seek.
Pick a school that is accredited, and choose a degree that resonates with you and will be a financial gain both now and in the future. If you choose a non-accredited school, this will limit you as far as qualifications and transfer of credits. This may also prevent you from obtaining certain jobs such as an adjunct instructor position.
If you choose a degree with a very narrow niche, this will also limit you. Another thing to consider is your degree level. If you have a Bachelor’s degree in Communication, this may not give that competitive edge you need to stand out from the crowd of 50 or 100 other applicants who also obtained a Bachelor’s degree in Communication. Having a unique minor might set you apart, but having a Master’s degree would definitely help you to grab the job with certainty. Of course, there are many other factors that go into hiring someone, but this would definitely help.
If you’re like me and don’t feel people take you seriously, especially in person, then you may want to achieve a degree to give yourself more recognition. This might give you more clout and, with this, it may also open more doors and opportunities.
A Treatment for Poverty
I suppose others have varying opinions about this thought as well, but I truly think academics is for those who have less because those who have money receive more tutoring and other helpful resources. However, those who fall lower on the social class ranking are not taught the same and do not have access to the same resources and knowledge.
Now, I’m not saying school is a cure for poverty, but I do believe it is a treatment for poverty and can hinder some of it, especially if the knowledge is applied to one’s life and not just learned. The knowledge has to be used as well.
Overall, I think it can help bridge the gap between rich and poor through education as academics propose new thoughts and can educate through multiple faucets such as financial literacy, study skills, and a basic foundation in multiple subjects.
I really hope you found this insightful and informative! And, I hope this inspires you to start (or go back to) school! Personally, I grew up in a lower social class and believed the same as my environment—school is a waste of time—and I thought I needed to put my time into making money and getting rich rather than educating myself. Now I know that this is not the path to take. Getting educated is one of the most important aspects of life. Even though I started school later rather than sooner, I’m glad I started. And, I hope and encourage you to do the same!
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Know More than You Did Before,