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Saturday, October 31, 2009

What should I do?

I currently work as executive assistant in Vancouver, BC. I make $38,000 per year plus about $1,500 bonus. Should I quit come September and go to school full time so I can finish my bachelor degree in business? Or should I stay working and take night classes (the long way). PS Would have to get student loans for second option of going to school full time.



What should I do?

I would quit and go to school full-time. Look at it this way; if you continue working, much of your income will be going to pay tuition, so it is not as if you would have access to the $38K you are making now. Yes, you would graduate debt-free, but a long time from now, and in the meanwhile, you would not be making any progress toward the higher earnings that the degree would offer you.



If you go back to school full time, you will initially graduate with debt, but that would be relatively soon. You could immediately start working in a job which would lead to a higher income (your initial income may not be higher, but it will increase more rapidly), paying off the debt fairly soon, and in the long run, it will benefit you.



Probably the biggest challenge for you will be giving up your current lifestyle for a few years to finish your degree.



What should I do?

I%26#039;d go for the 2nd option. A lot of people do this and things work out well for them.



In the end though, it depends on the type of person you are.



閳?Can you juggle the demands of your job, school and other personal responsibilities effectively?



閳?Will you be able to adapt to all the running around or is it going to wear you out?



閳?Will the job that you have now reimburse you for all/some of your tuition costs?



閳?Will you be able to adapt to a simpler lifestyle because of having to go to school?



閳?Once you have the degree, will you be able to use it on a job quickly to pay off the student loan?



閳?Will all the effort you put into the field of your choice be worth it in the end?



These are just some of the questions you should consider before making this change. I hope this helps and that things go well for you.



What should I do?

I agree with Brat in going the second option. Who%26#039;s to say you will get a job with a Bachelor%26#039;s and make $38,000?

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