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January 9, 2009, Newsletter Issue #148: When Finances Get In The Way Of A Business Degree
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Tip of the Week
There’s no question about it. Earning a business degree is an expensive proposition costing thousands of dollars when it’s all said and done. The final tally on an MBA, for example, could cost you anywhere from $40,000 to $60,000. Unless you have a clear idea of what you’re going to do with that MBA, and how it’s going to benefit you in the end, it may be hard to realize the ultimate goal of earning that degree. Most people working toward an MBA, do so while currently holding down a full or part-time job. However, even though there’s money being earned, the bills still have to be paid. So what happens when you realize you just can’t afford that next course?
Taking a study break isn’t necessarily a bad thing, as long as you have a plan in place to continue your studies as soon as financially possible. Depending on the college or university, you will have between two and six years to complete your MBA online. In addition, you may be required to take at least one course credit per academic year in order to keep your status as a full or part-time student active. So, don’t worry if you have to wait out a course credit due to financial constraints. Keep your eye on the goal, and sign up for the next available course as soon as you’re able.
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