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How to Financially Prepare To Go Back To School



So you are considering going back to school to further your education.  Once you have decided that this is what you really want to do, the next step is to consider the best way to accomplish it financially.

Decide What Your Course of Interest Is

You will need to decide exactly what you plan to study.  If there is a particular area of interest to you, that in it can provide a starting point for you.  Do some research, and determine where the classes are available, and are they available online.  Often times, online continuing education courses are considerably less expensive that attending class at a college.  Once you have the course of study choice selected, start checking to see where the necessary classes are offered, so that you can get an idea of what the financial obligation will be for you.

Explore where there is a Need

You may have several ideas in mind of what you are interested in learning.  Perhaps one or more is in desperate need of medical personnel.  Should that be the case, you may qualify for a grant that will pay for you to take the required classes in order to work in that field.  Check out the job postings at your current employer.  Is there a shortage of nurses with expertise in a particular field?  If so, your employer may actually pay for you to attend school and get the necessary degree to fill the open positions. 

Plan Ahead

Two things you should always try to remember is: never settle, and never stop learning.  You may love your job, which is great, but after some time, consider taking the next step and furthering your career by going back to school.  As soon as you can start, invest in an education savings account.  Take a little money from each paycheck and put it in a savings account dedicated to continuing education.  Talk to your immediate family about your desire to go back to school.  Ask what their thoughts are, and explain why you want to return to school.  Some planning ahead will make things run smooth once you begin classes, a little money saved up will make it easier on you so that you don’t have to worry so much about finances once back in school.

Scholarships

Check into available scholarships, either through your employer or through nursing organizations.  You may find one available in exactly the field of study you want to pursue.  It may prove beneficial to schedule a meeting with your human resource manager to ask if they are aware of any scholarships or education funding programs, since they usually stay up to date on information pertaining to continuing education.

Networking

Do not overlook networking and socialization.  You may encounter people that have information on financial assistance, or discounts for nurses to continue their education.  Gatherings of a multitude of people are essentially bringing a multitude of ideas, so be sure to take advantage of any information offered, and don’t hesitate to ask people anything as you interact.

Family and Friends Support

Depending on your financial needs, asking for some support from close family members and even friends may not be out of the question.  Suggest that at holidays or birthdays, they skip the gift and instead contribute to your education fund.  Most people would consider it an honor to give the gift of education and job security, not to mention the knowledge you will obtain. 
Your decision to further your education will depend on several factors, the main one being if you have a family.  The impact it will have, with you not being available as much to your family, needs to be considered.   Remind your family that their support of you returning to school will benefit all of you in the long run.  Have a plan in place so that you are not trying to figure things out in addition to attending school and studying.  Be sure to check and see what only classes are available, this can save both time and money, and many schools now offer classes that you can attend virtually.  Deciding to continue your education is a great step in furthering your knowledge and career.  A little pre-financial planning can make the experience a good and rewarding one.  


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