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Does Education Pay? How to Pay

Does Education Pay? How to Pay
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Stacked Coins - copyright ©There is real, independent evidence that shows education leads to higher pay.

According to a government report, "college graduates age 25 and over earn nearly twice as much as workers who stopped with a high school diploma."

Good-paying jobs usually require at least a high school diploma. An employer may even request your high school transcripts. If you do not have your high school diploma, you should consider the GED as your first step.

Education and Training Can Pay!
(Unemployment and earnings for full-time wage and salary workers aged 25 and older)
Education and Training Can Pay Graph

Source: Bureau of Labor Statistics, 2004

  • To learn about how additional education can pay in specific high growth industries and in specific sectors of those industries, try the ACRN Education Pays Tool:
ACRN - America's Career Resource Network
How Education Pays Tool
Find out how education and training pay off for high growth careers. For each high growth career cluster and pathway, there are two charts. The first shows how education relates to employment in that area, and the second shows how education relates to earnings.

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How Do I Pay For Training?

The cost of education and training keeps going up. The good news is there are lots of financial assistance programs. A few resources to check out:

  • The U.S. Department of Education's Federal Student Aid (FSA) programs are the largest source of student aid in America. They provide about 70% of all student financial aid. Visit Student Aid on the Web for more information.
  • The American Council on Education's College Is Possible page has a glossary of financial aid terms, information on major programs, and links to additional resources.
  • GovBenefits is a free, easy-to-use web site. It helps you to find ways to pay for your education and training. First, you answer a series of questions about yourself. Then GovBenefits gives you a list of government benefits for which you may be eligible. Finally, GovBenefits gives you information about how to apply.
  • CareerOneStop's Financial Aid Center has information on financial assistance for college students. It also has resources for workers who need training.
  • America's Career Resource Network (ACRN) consists of state and federal organizations that provide information, resources and training on career and education exploration. A resource you might find useful is their Financial Aid Resources for Post-High School Education (PDF, 2.8 MB).

Video resource to "help families 'borrow smart'" from Sallie Mae and Kiplinger

This series of educational videos help explain paying for college and how to borrow wisely. "Borrow Smart" is a 24-minute video that "offers tips on saving, keeping costs low, and accessing scholarships and grants. Kiplinger experts then advise families on how, when necessary, they can borrow wisely to make the investment in a college education."

Where Should I Look for Training?

We offer opportunities throughout Career Voyages for you to learn about the education and training opportunities available. Great jobs are available to people who are interested in becoming an apprentice, attending community college or a 4-year college. At the bottom of most pages, you will see this menu:

Screen Capture of the Black Get Started Menu

In each of our major industries, you will find a similar menu bar of options in which you can find education and training specific to that industry. For example, the following menu bar is for the Advanced Manufacturing industry:

Screen Capture of the Advanced Manufacturing Menu

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College Navigator Site Screen Capture
College Navigator
is your direct link to nearly 7,000 colleges in the United States. They include many types of colleges, from 2-year schools, to trade schools. Learn about each type of school and how much it costs to attend.

I Would Like Some Personal Assistance. Where Can I Go?

There are many things to consider when job searching. It's helpful to talk with someone who can guide you in the right direction. Your local One-Stop Career Counselor can help you make the right career decisions. Find a local One-Stop Career Center in your area or call our Toll-Free Help Line for help with employment and training questions.

View One-Stop Career Centers in Your Area
  OR     
CareerOneStop
1-877-US-2JOBS (1-877-872-5627)
or
TTY 1-877-889-5627
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