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Recently, I published the post How I Graduated From College In 2.5 Years With 2 Degrees and Saved $37,500. While I did graduate quickly and there are benefits related to that, there are things I missed out on by rushing my college experience.
Now I wouldn’t say I had the worst college experience, but I also wouldn’t say it was the best college experience in the world.
I understand that you can’t go back and change the past, but sometimes you can help others learn from your mistakes.
Below are some of the things I would change about my college experience:
I would have started paying off my student loans while I was in college.
While I did pay off my student loans quickly, I didn’t really put much towards them while I was actually in college.
Instead, I worked full-time and put most of my money towards things I shouldn’t have been spending on, such as for clothing and restaurants. It was a huge waste of money, and I can’t help but bang my head on a wall when I think about how much money I wasted.
Truth is, no one remembers your outfits and spending all your money on fast food is just stupid.
If I could do my college experience differently, I would have gone to a cheaper college.
I love the undergraduate college I went to, but sometimes I wonder why I was so stupid and didn’t just go to a state school instead. Luckily I learned from this college mistake and I went to a state university for my graduate degree. It saved me a ton of money and I still earned a quality degree.
While I did save money in certain areas, such as through cheap textbook rentals, taking as many college credits as I can, and more, I definitely could have saved a little bit more money.
I wish I would have taken more classes that mattered in order to have a better college life experience.
Instead of focusing on just classes that were needed for college credit, I wish I would have taken more time to carefully select my classes. Instead, I just took what I needed and what fit perfectly into my work-life schedule, and never really went beyond that.
Knowing what I know now, taking a broader range of classes would have been more enjoyable.
I would have taken college more seriously.
I had a great GPA when I graduated from college, but I didn’t really take my classes too seriously. I was so focused on working, that I didn’t really focus enough on college. This meant I often skipped classes in order to work, I would often try to debate whether or not I should do homework or if I should sleep, and more.
If I could go back, I would have attended more of my classes and learned how to budget better so that I didn’t have to work so much.
I would have liked to be more active on campus.
99.9% of the time, I would just go to class and then go straight home or straight to work. I never stayed on campus except for just a handful of times.
If I could go back, I would be more active on campus. I would have joined more school clubs, stayed for college activities/games, and more.
Studying abroad would have been a fun college experience.
The university I went to has satellite campuses all over the world, and I wish I would have taken advantage of that. Instead of being so focused on making money, I’m sure I could have done something in order to take one semester off from work.
I should have made some college friends.
Since I was so busy with working and going to school, I didn’t make any lifelong friends from college. Yes, I am Facebook friends with a few and I would talk to people during my college years, but that is not the same.
Instead, I stuck with my same group of friends from when I was in high school (however, none of us went to the same high school). I love them all, but I’ve even had people tell me to my face that it must stink to not have made any lifelong college friends.
It makes me wonder “What if?!”
What college mistakes did you make?
What would you change about your college experience?
The post What I Would Change About My College Experience appeared first on Making Sense Of Cents.
More and more are choosing to attend college and work at the same time.
Whether you are working a part-time or a full-time job, it can be tough to balance both. There are many working students in college who are able to manage both, but there are also many who aren’t able to.
If you don’t balance them both correctly, it may lead to stress, lower grades, low-quality work being produced, and more.
No one wants that and I’m sure you don’t either.
Related: 21 Ways You Can Learn How To Save Money In College
This is supposed to be the time of your life where you are growing and changing, not feeling like you are drowning in everything that is going on around you.
There are ways to get around it and manage both successfully at the same time, though.
I took a full course load each and every semester, worked full-time, and took part in extracurricular activities. It was definitely hard and I won’t lie about that. However, sometimes a person doesn’t have a choice and has to do everything at once or maybe you are choosing to multi-task and you are wanting to better manage your time.
Related post: How I Graduated From College In 2.5 Years With 2 Degrees AND Saved $37,500
Whatever your reason may be, below are my tips for working college students. The tips below are what helped save me!
Carefully plan your class and work schedule.
My first tip for working college students is to carefully plan your class and work schedule.
Some students just choose whatever classes are offered. However, it is much wiser to carefully craft your school and work schedule so that everything flows together efficiently with minimal time wasted.
You can do this by researching into what classes are offered when and trying to eliminate any gap that may be in-between each class. Having an hour or two break between each class can quickly add up. Also, if you happen to have time off between classes, then using this time to do your homework and/or study can be a great use of time as well.
Related post: How I’m a Work-Life Balancing Master
Eliminate any time that may be wasted.
There are many time sucks that you may encounter each day. A minute here and a minute there may add up to a few hours wasted each day.
The time you save could be used towards earning more money at your job, studying, socializing, or whatever else it is that you need or want to do. For working college students, every minute is important.
There are many ways to eliminate any time wasters including:
- Cut down on your commute time. If you can find a job near your college campus then you can eliminate a lot of traveling time.
- Prep your meals ahead of time. If you can bulk make your meals instead of individually making each one, you will be able to save a lot of time.
- Be aware of how much time you spend on social media and TV. The average person wastes many, many hours on social media and watching TV. Cutting back on this may save you hours each day without you even realizing it.
Related post: 75 Ways To Make Extra Money
Separate yourself from distractions.
Working college students experience a lot of distractions.
Noise in the background, such as with a TV that is on or a party your roommate may be throwing, can distract you from what you need to be doing. If you are trying to study or do homework then you should try to find a quiet place to get work done.
You may want to close your bedroom door, hide the remote from yourself (trust me, this works!), go to the library, or something else.
Related: 16 Best Online Jobs For College Students
Have a to-do list and a set schedule.
Having a to-do list is extremely helpful for working students in college because you will know exactly what has to be done and by when. You will then have your responsibilities sitting there right in your face so that you will have to face reality.
Plus, I know that when I am stressed it can be easy to forget things, so having a to-do list eliminates any valuable minutes I may waste debating about whether I forgot to do something.
Working students in college need to be realistic.
While one person may be able to work like crazy and attend college at the same time, not everyone can do that.
If your grades are dropping, then you may want to analyze whether you should drop your hours at work or school. What is more important to you at this time and for your future?
With the tips above for working students in college, you’ll be able to rock both your job and your college classes at the same time. Don’t forget to fit in time for fun as well. Good luck!
Are you one of the many working college students out there? Why or why not?
The post How To Balance Working And Going To College appeared first on Making Sense Of Cents.
New financial advisors need something to help them stand out. Consequently, the AAMS does just that. Designed for newcomers to the financial advice business, the AAMS trains advisors to identify investment opportunities as well as help clients with other financial goals. It also gives more experienced advisors a fast and simple way to learn more about asset management and improve their credentials. Hereâs how it works.
An Accredited Asset Management Specialist (AAMS) can advise clients on college savings, taxes, and retirement savings. The course and tests for this certification are designed to ensure advisors can assist clients with their complete financial needs. It emphasizes evaluating the clientâs assets and making appropriate recommendations.
The AAMS certification is granted by the College for Financial Planning, a unit of the Kaplan Company. The college oversees a large number of financial certification programs, including the Certified Financial Planner designation, one of the most valued certifications in the field.
AAMS Certification Requirements
To receive an AAMS, students first have to complete a 10-module education program provided by the College for Financial Planning. Then they have to pass an examination. Finally, they must agree to abide by a code of ethics and promise to continue their education.
The courses are online and can be delivered in self-study or instructor-led formats. Courses are open-enrollment, therefore students can begin at any time without waiting for the next session. The 10 modules cover the following material:
1.:The Asset Management Process
2. Risk, Return & Investment Performance
3. Asset Allocation & Selection
4. Investment Strategies
5. Taxation of Investments
6. Investing for Retirement
7. Deferred Compensation and Other Benefit Plans
8. Insurance Products for Investment Clients
9. Estate Planning for Investment Clients
10. Fiduciary, Ethical, and Regulatory Issues for Advisors
The College of Financial Planning provides everything necessary to study for and complete the modules and take the test. Students have access to the study materials and tests through an online portal.
Streaming video lectures, audio files, and interactive quizzes also can be found through the collegeâs site. Meanwhile, students can access live classes online and contact professors with questions and issues.
The AAMS Test
To get the AAMS certification, students have to pass just one test. However, they have to make their first attempt at the test within six months of enrollment and pass it within a year.
The fee for the first attempt at taking the test is included in the course tuition. There are no prerequisites for signing up to take the AAMS course.
Time and Money Requirement
Tuition for the AAMS courses is $1,300. This includes the fee for the first attempt at passing the certification exam. It also includes all needed course materials. Each additional attempt costs $100.
Students employed with certain financial services firms may be able to get tuition discounts. The college may also provide scholarships.
The College for Financial Planning recommends students plan to spend 80 hours to 100 hours on the course. Since the course is self-study, this amount of time is flexible.
To maintain AAMS certification students have to commit to completing 16 continuing education credits every two years. Also, continuing education has to cover one or more of the topics covered in the AAMS coursework.
AAMS certificate holders also have to agree to follow a professional standard of conduct. As a result, they have to maintain integrity, objectivity, competency, confidentiality and professionalism in providing financial services.
AAMS Certificate Holder Jobs
AAMS certificates are generally earned by entry-level workers in the financial advice business. Consequently, AAMS holders are typically trainees. In some cases, they may provide support services to more experienced and highly credentialed advisors.
The AAMS designation does not confer any special powers or privileges. Instead, itâs an optional credential that students may obtain to advance their careers and enhance their knowledge of financial advice.
In addition to the AAMS, the College for Financial Planning offers an Accredited Wealth Manager Advisor (AWMA) certificate. This is a somewhat more advanced designation. As a result, it requires a course equivalent to three graduate level college credits and requires 90 hours to 135 hours to complete.
Chartered Mutual Fund Counselor (CMFC) is sponsored by the Investment Company Institute along with the College of Financial Planning. It is similar to the AAMS certificate except it focuses on mutual fund assets.
Accredited Financial Counselor (AFC) is a general personal finance advice certificate from the Association for Financial Counseling and Planning Education. First, it requires 1,000 hours of financial counseling experience. Secondly, it demands three letters of reference. Finally, applicants must both complete coursework and pass an exam.
The AAMS designation is usually for newly minted financial advisors, but even experienced pros can use it to bulk up their credentials. The courses and tests associated with the AAMS teach advisors how to evaluate assets and make recommendations.
While this certification doesnât give an advisor any real powers, itâs a sign that they can identify investment opportunities specific to their clients. Above all else, it can be a great relief to a client who has a child going to college or a retirement house on their wish list. As a result of obtaining an AAMS, and advisor can point them toward the right investments for their goals.
- If youâre looking to identify investment opportunities, consider using an AAMS as your advisor. Finding the right financial advisor that fits your needs doesnât have to be hard. SmartAssetâs free tool matches you with financial advisors in your area in 5 minutes. If youâre ready to be matched with local advisors that will help you achieve your financial goals, get started now.
- An AAMS can help you with college savings, taxes, and retirement savings if you know what your goals are. However, if you are unsure how much you want to invest, what your risk tolerance is, or how inflation and capital gains tax will affect your investment, SmartAssetâs investing guide can help you take the first steps.
Photo credit: Â©iStock.com/SARINYAPINNGAM, Â©iStock.com/fizkes, Â©iStock.com/Suwanmanee99
The post Accredited Asset Management Specialist (AAMS) appeared first on SmartAsset Blog.
One of the good things of working for a company is that they create a retirement plan for you. As an employee, you don’t have to do anything else but to participate in the plan. However, when you’re self-employed or a small business owner, you’re responsible of setting up your own retirement plan.
When it comes to operating your own business, time is of the essence. However, even if you’re crazy busy, saving for retirement should be a priority. Indeed, a retirement account allows you to contribute pre-tax money, which lowers your taxable income.
Luckily, a financial advisor can help you save time and help you choose the right plan that is best for you. Below are four retirement saving options you can create as a self-employer individual.
1. Solo 401k
A solo 401k is for small businesses or sole proprietors who don’t have any employees other than a spouse working for the business. The solo 401k mirrors a typical 401k plan that most companies offer. The main difference is that you can contribute as an employee and employer.
In other words, because you’re both the boss and the worker, you get to contribute in each capacity. That in turn allows you to contribute a higher amount each year. However, your total yearly contributions cannot exceed $58,000 or $64,000 for individuals age 50 or older as of 2021. To set up a solo 401k, you have to get in touch with a financial institution.
2. SEP IRA
If you’re an independent contractor, self-employed, or has a small business with 25 employees or less you can set up a SEP (Simplified Employee Pension). It’s very easy to establish and don’t even require you to incorporate your business to qualify.
In a SEP IRA, the employer alone contributes to the fund, not the employees. You can contribute up to 25% of your annual salary or $58,000 in 2021, whichever is less.
3. Keogh Plan
Keogh plans are available to self-employed people, including sole proprietors who file Schedule C or a partnership whose members file Schedule E. This type of plan is preferable among those who have a high and stable income.
But the main advantage the Keogh has is the high maximum contribution you can make. In 2021, you can contribute up to $58,000. To set up, you will need to work with a financial institution such as Charles Schwab.Â
4. Simple IRA
The Simple IRA was created by the Small Business Protection Act to help those who work at small companies to save for retirement. The small business can offer the plan if it has 100 or fewer employees.
Both the employer and the employee can contribute up to $13,000 in 2021, plus an additional catch-up amount of $3,000 if you’re 50 or older. If a company offers a Simple IRA, it must match an employee’s contribution dollar for dollar, up to 3% of each participant’s annual salary or make a nonelective 2% contribution to all employees.
Where to Invest Your Keogh, SEP IRA, Solo 401k, Simple IRA
As a small business owner, there is always an investment program that suits your needs for your IRA, SEP, Keogh and solo 401k. Places such as banks, brokerage firms and mutual funds institutions such as Vanguard, Fidelity, Charles Schwab are great options. But before opening account, make sure you consider how much money you have, your appetite for risks, the annual fee, etc.
The Bottom Line
If you’re a small business owner or self employed, you should take advantage of the tax benefits offered by these plans mentioned above. Creating a retirement plan is important, because not only will you be able to grow your retirement savings faster but also no one is going to do it for you.Â
- 4 Simple Ways to Accelerate Your Retirement Savings
- How to Retire at 50:10 Easy Steps to Consider
Tips on Retirement Planning
Retirement planning can be a major challenge, but you don’t have to go in it alone. Speak with a financial advisor who can help you come up with a unique plan based on your circumstances and situations. Use SmartAsset advisor matching toolÂ to get matched with fiduciary financial advisors in just 5 minutes.
The post How to Create Your Own Retirement Plan appeared first on GrowthRapidly.
The path to owning my own business started around 10 years ago. I graduated from high school and went on to college for business. I graduated, got a job as a financial analyst, and then around five years ago, completed my MBA with an emphasis in Finance.
It seemed like a logical path – graduate from high school, go to college, get a job in that field, and then get my MBA to further my career opportunities.
It was the path I fell into, and I never really gave it a second thought. For my MBA, I figured I needed it in order to be successful in the corporate finance world.
However, I’m now a full-time blogger.
One of the questions I’m often asked is if I regret going to school for so many college degrees (3). After all, it took a lot of time and led to a significant amount of debt.
I definitely did not learn a thing about blogging back in college, and an MBA isn’t 100% focused on the topic of starting your own specific business, especially a niche one. Plus, I did not get my MBA thinking that I would be starting my own business. I went for it to better my career opportunities.
- How I Paid Off $40,000 In Student Loans in 7 Months
- Cutting College Costs: Understanding The Cost And Value Of Your Degree
- Learning How To Survive On A College Budget
- How I Graduated From College In 2.5 Years With 2 Degrees AND Saved $37,500
According to the U.S. Small Business Administration, there are 28.8 million small businesses in the United States, which make up 99.7% of all U.S. businesses. And, a huge number of the population are starting their own business and working for themselves.
But, does that mean they all need or have an MBA?
Remember, an MBA is not required when starting your own business. But, does that mean that those without an MBA do better or worse?
I researched to see what the value of an MBA is, and I was able to find a great chart from the U.S. Bureau of Labor Statistics about unemployment rates and earnings by educational attainment for 2016.
This data shows earnings for full-time wage and salary workers, but it doesn’t specify those who have started their own business. However, it does show that there is some value in a Master’s degree.
According to this chart, the unemployment rate is much lower for those with one or multiple college degrees. The median usual weekly earnings tends to increase as well.
However, according to a report released by the Harvard Business Review, most of the top business leaders in the world actually do NOT have MBAs. In fact, only 29 of the 100 best companies had executives with MBAs, and less than half of those received their MBA from an elite business school (think Harvard, Stanford, etc.).
Here’s a short list from Business Insider’s Top 100 Entrepreneurs Who Made Millions Without A College Degree:
- Walt Disney, founder of the Walt Disney Company, dropped out of high school at 16.
- Richard Branson, billionaire founder of Virgin Records, Virgin Atlantic Airways, Virgin Mobile, and more. He also dropped out of high school at 16.
- Rachael Ray, Food Network cooking show star, food industry entrepreneur, with no formal culinary arts training. She never attended college.
- Michael Dell, billionaire founder of Dell Computers, started his business out of his college dorm room, but he later dropped out of college.
- Larry Ellison, billionaire co-founder of Oracle software company. Ellison actually dropped out of two different colleges.
However, there are also many successful people who do have MBAs, such as Elon Musk, Michael Bloomberg, Sheryl Sandberg, and Dr. Oz.
So, should you get an MBA if you want to start your own business?
MBAs can be expensive.
An MBA can cost anywhere from $5,000 to well over $100,000 depending on what college you attend.
And, according to Poetsandquants.com, the cost of obtaining your MBA continues to rise.
New York University’s Stern School of Business costs over $200,000, Harvard Business School has a total two-year cost to $204,640, and Stanford University’s Graduate School of Business costs $210,838.
That is a TON of money in order to get your MBA.
I went to a moderately priced state university and received my MBA, and I think that it was a great value. However, if I had to pay over $200,000 to receive my MBA, I don’t know if it would be worthwhile. That’s a lot of money for not much real world experience that can be applied to a specific business idea.
And, let’s not forget about the amount of time it can take to receive your MBA.
For some students, they focus on their MBA full-time, which means that they aren’t bringing in an income, or they are bringing in significantly less than needed to sustain most living expenses. Some MBA students do work full-time, but they usually take a smaller course load.
I worked on my MBA full-time and worked full-time, which meant that I didn’t have time for pretty much anything else in life.
Plus, if you know that you want to start a business, the time it takes to get an MBA can make that goal that much farther away.
An MBA surrounds you with other determined people.
By earning your MBA, you’ll most likely be surrounded by a network full of people who are wanting to succeed in the business world.
This can help you build your future business idea, gain contacts that may help you and your business later on, and more.
I always say that networking is extremely important, and an MBA can definitely help you in that area.
An MBA won’t specifically teach you about the business you want to start.
An MBA will give you a pretty well rounded background on business in general. However, it won’t teach you everything you need to know about starting and sustaining your specific business plan.
This means that you will probably have to learn how to start your specific business elsewhere, such as researching your ideas and business plans outside of your MBA program.
For example, if you want to start a blogging business, you most likely won’t learn anything about a blogging while earning your MBA. The same goes for many other business ideas as most MBAs aren’t really focused on specific markets.
What they do offer is a good background on the actual “business” side of starting your own business, as discussed below.
You do learn about business, though.
While earning an MBA is more about business theory, it still offers you a lot of background information that can help you create your own business.
Through my MBA and the career I had as an analyst, I learned about business accounting, business law, managing a business, economics, business finances, marketing, advertising, and more. These are all things you should know about when running your own business. Sure, you can outsource a lot of these tasks, but for most start-ups, you may personally have to take on many of these tasks, especially in the beginning.
My analyst position also taught me a lot about running a profitable business, since I dealt with successful business owners every day.
There are a lot of times that my education and work experience have helped me run my own business. And, I am extremely grateful because it has helped me run my business extremely well.
According to Investopedia, around 30% of new businesses fail during the first two years of being open, 50% during the first five years, and 66% during the first 10 years.
Some of the reasons for failure that are cited in the above article include:
- Business owners not investigating the market.
- Business owners have problems with their business plan.
- A bad location, bad internet presence, and bad marketing for the business.
These are all things that are taught, in general, when working on your MBA, which can be great background knowledge for someone wanting to start their own business.
What about real experience?
I believe that real experience is the best. However, with an MBA, you can receive a well rounded education that can help you to launch a successful business.
You can learn how to manage a team, understand business specific finances, research the best business plan, and more.
When put together with real experience, I think that an MBA can be a great learning tool.
Does that mean that everyone should get their MBA?
No. Everyone is different, but I do believe that my MBA has helped me manage my own business.
What do you think? Should a person who wants to start a business get their MBA? If you’re already a business owner, do you have one? Why or why not?
The post Should you get an MBA if you want to start your own business? appeared first on Making Sense Of Cents.
Whether you are about to head to college (no matter what your age may be), if you have a child who is about to attend college, or if you know someone who is about to experience this, then this article is for you.
When I was around 17, I applied to several different colleges, but one mistake I made was that I didn’t even give community college a thought.
Unfortunately, there is a stigma attached to going to community college, like thinking it is for those that can’t get into a “regular” college, for those that don’t have enough money, or for those that have no other options. When, in fact, these are all far from the truth.
And, sadly, I bought into these myths and thought I was too good for community college. If you want to save money in college, community college is a great way to do that.
The stigma about going to community college is absolutely ridiculous.
And, I was a young kid, so, of course, I let other people’s opinions get to me. And, I thought everyone was right!
It isn’t just kids that believe those myths about community college, as even adults (parents or returning learners) buy into those myths.
Well, that is a big mistake!
For many people, community college should be their first choice.
College costs are increasing, and they’re not going to stop anytime soon.
According to College Board, the average yearly tuition and fees for a:
- Private four-year college is $32,410.
- Public four-year college for out-of-state students is $23,890.
- Public four-year college for in-state students is $9,410.
Community college, on the other hand, is just $3,440.
Those tuition differences are huge, and just look at how much you could save if you did only your first year at community college!
For many people, going to college means taking out loans, and according to a student survey done by Nerdwallet, 48% of undergrad borrowers said they could have borrowed less and still have afforded their educations. And, 27% regretted going to a school that required them to take out loans to afford their tuition.
I know this regret personally.
I only spent one summer semester taking classes at community college, where I earned 12 credits, and I still regret not taking more. I probably could have saved over $20,000 by taking more classes at my local community college.
Yes, I could have saved that much money!
Whether you are in college already or if you haven’t started yet, taking classes at a community college can be a great way to save money.
Today, I want to talk about common myths I hear about community college, so that I can persuade more people to give it a shot. It can save you so much money, and is a great option for a lot of people.
- Should I Ruin My Retirement By Helping My Child Through College?
- FAFSA Tips So That You Can Get The Most Financial Help For College
- Learning How To Survive On A College Budget
- How I Graduated From College In 2.5 Years With 2 Degrees AND Saved $37,500
- How Blogging Paid Off My Student Loans
- 16 Best Online Jobs For College Students
Here are common myths about attending community college:
But, all of my credits won’t transfer.
This is the top reason (and myth) I hear for not attending community college.
If you take the correct steps, the credits you earn at a community college will transfer.
If you decide to go to a community college first, always make sure that the 4-year college you plan on attending afterwards will accept all of your credits. It’s an easy step to take, so do not forget to look into this! You should take this step before you sign up and pay for any classes at the community college so that you are not wasting your time.
My four-year university made it easy and had a printed list of what transferred from the local community college – it’s seriously that easy! I’m sure many universities do this as well.
When I took classes for college credit in high school and at the community college, I made sure that all of the classes transferred to the university in which I was getting my degree from.
I have heard too many stories about people not checking this ahead of time and wasting years by taking classes that didn’t transfer, which means you are wasting time and money.
Make sure you get it in writing and talk to your college counselor as well about this. They can help you determine which ones will transfer and provide you proof of transferability.
Also, know that by accepting transfer credits, your four-year university is basically saying “these community college credits mean the same thing here.”
Community college won’t actually save me that much money.
I want to repeat, the average yearly tuition and fees for a:
- Private four-year college is $32,410.
- Public four-year college for out-of-state students is $23,890.
- Public four-year college for in-state students is $9,410.
And, community college is $3,440.
As you can see, college tuition is a significant amount of money, and it is a drastic difference between four-year institutions and community college.
Now, the problem here is that many people “afford” college by taking out student loans, so the amount of money you are paying for college isn’t an immediate thing that you “feel” – because it’s all debt!
Note: If you are a parent and you are thinking about taking on debt to put your child through school, please, please, please consider having them attend community college first. Please, also read Should I Ruin My Retirement By Helping My Child Through College?
The classes won’t be as good.
I’ve heard this community college myth over and over again. Many people think that the classes won’t be “good enough” for them. That is usually far from the case, though. Your first two years, no matter where you go, are most likely going to consist of very generic classes or classes that are similar, if not the same, as ones at the four-year college you are thinking about attending.
It’s usually not until the last two years, after you get those beginner classes and electives out of the way, that your classes really begin to matter for your degree.
And, if you’re afraid you really need more of those beginner classes from a four-year college, I recommend at least taking a summer semester or two at your community college for elective classes. There are usually lots of elective options at community college, and you can at least take those at a more affordable rate. That is exactly what I did – one summer while I was attending my four-year college, I enrolled at the community college for a bunch of electives. I was able to easily, and affordably, knock out a bunch of electives.
My degree will be worth less coming from a community college.
When you graduate with a four-year degree, the school name on your diploma will be the name of the college you graduated from. It won’t say, “graduated from here but took some classes at community college.” This is because your community college credits transferred (if you followed the step above).
So, no worries here.
Nowhere on my college degree does it say that I took some classes at the community college.
Did you attend community college? Why or why not?
The post I Thought I Was Too Good For Community College appeared first on Making Sense Of Cents.