The Vault, December 2009: Success is no Secret
Hey there loyal Vault readers! It’s been a great year–thanks for sharing it with us! And thanks to all of you who took our survey. We are already using the results to make The Vault better for you!
School makes a difference
Make more money
If you could give yourself a 30 percent raise, would you do it? How about 60 percent? The latest report from The College Board (an association of educational organizations that also runs the SATs) shows that, on average and among full-time, year-round workers, those with an associate’s degree earn 30% more and 4-year college graduates earn on average 62% more than those with only a high school diploma.
Free to be you
Pay your way
Higher education is rarely free, although there are many ways to pay for it. Think about whether taking on the debt to go to a more expensive school is worth it to you personally and professionally
– 529 college savings plans let you sock away tax-deferred savings for college tuition. Some even let you pre-pay.
– Scholarships give you money you don’t have to pay back. There are thousands–start your research early!
– You can take out loans from state and federal governments. Make sure to fill out your Free Application for Federal Student Aid (FAFSA) before the deadlines for your chosen schools. Check out more information here.
– Apprenticeships are offered by many trade unions such as those of electricians and ironworkers, offering a combination of paying work and classroom training at little or no cost to the student.
Fast fact answer
The answer is “engineering.” In a technology-oriented world, workers with math skills and the ability to apply them are in high demand. The top-grossing degree? Petroleum engineering, with a starting salary averaging more than $83,000!
Info to go