Home > Investment Guide > Investing Basics

How to Maximize Your Investment in College

If you're planning on going to college, that's awesome. There are many reports to support the fact that someone with a college degree earns up to $20,000 more per year than someone who only has a high school diploma. For this reason alone, it's understandable why getting a college education is such a wise thing to do. However, if you want to maximize your investment in college, there are some things that you can do to accomplish that goal. Below, we have enclosed five of them:

Pick the right college (and at the right time). Although it is assumed that as soon as someone graduates from high school that they should immediately enroll in college, the truth is that college is for individuals who have a good idea of what career path they want to take. There are a lot of people who flunked out of school because they simply weren't ready and so make sure that you do some soul searching on what kind of profession you want to have, if it's the right time for you to go to college and what kind of school can provide you with the kind of education that you desire.

Do a lot of networking. College has a wealth of connections from the guidance offices to your college professors to the different kinds of clubs and organizations that are on campus. Although getting good grades is a big part of doing well in school, knowing the right kinds of people can get you just that much further down the road to the career path of your dreams. So, make sure to do as much networking as you possibly can.

Get an internship. One of the frustrating things about interviewing for a job is being turned down because you don't have enough experience. One thing that can definitely help in overcoming this obstacle is getting an internship (or two). Not only will it help prepare you for the workforce, but there are many companies that actually hire graduates straight out of college.

Stick to a budget. According to an article that was featured in the Huffington Post a couple of years ago, the average amount of student loan debt that a person has coming out of school is $25,250. That said, when something is an investment, if it's a good one, you don't find yourself owning tons and tons of money. When it comes to investing in your education, one way that you can avoid a lot of debt is by applying for scholarships and grants, keeping a part-time job (even if it's just a work/study program), using credit cards on a limited basis and sticking to a budget.

Stay focused. Whether you plan to be a teacher or you want to get an online MBA degree, the less time you spend in school, the less money that you'll have to spend. This is why it's imperative that you make your studies a priority. No matter how many parties are going on or trips your roommates are taking, don't let anything come at the expense of getting your schoolwork done. Sure it will be a sacrifice at times, but it will be well worth it---once you have your degree, with as little debt as possible, in hand.

More to Read:

comments powered by Disqus