University degree after 50 — is it worth it?

The world is in continuous change and the entire humanity subject to it too. Given how quick everything is evolving, we should expect all fields of human activity to morph into something else as well. The phenomenon of a person over 50 going to college to learn a new craft has become somewhat widespread, and there are little reasons you shouldn’t consider doing so as well.

First off, the job market is undergoing dramatic change, and its shape will shift again once we enter full-blown automation and having a more relevant profession will most definitely have a beneficial effect, both in terms of self-esteem and finance.

If you’re hesitating or considering to get a Bachelor’s after 50, here are a few things you should definitely take into account.

You’re competitive in the workforce

Very often a college degree doesn’t necessarily imply that you have to change your field of activity. A degree might as well considerably help you stay competitive in the workforce, which keeps getting younger and more tech-savvy.

Making this investment will only compliment your extensive experience in the field, help build on existing knowledge, and gain extra expertise, which in effect should result in a significant raise to your per annum income.

You’re open to new challenges

Adults after 50 often turn to a more sedentary, motionless life, which lacks motivation and new challenges. This can be problematic on many levels, both psychological and professional. Boreout can cause workers to stagnate, underperform, and lose self-esteem.

Returning to a medium that will engage you professionally and intellectually is an exciting opportunity to develop and avoid psychological distress.

Challenging ourselves to perform better than we typically would isn’t just beneficial for ourselves, it also changes the way your family and close friends feel about you. You, as an individual, by choosing to get a degree at the age of 50 and beyond, are setting a valuable example and paving the way for others to do so as well.

Many degrees are flexible

A somewhat new formula for getting a degree is the so-called “competency-based model.” There are now many universities that give you the opportunity to study at your own pace, without disrupting your everyday life, which may be problematic if you have a job you can’t just quit, children that are still living with you, or a significant other that depends on your help.

Colleges will often allow you to study and pass exams at your own pace. Once you’ve passed their tests, you’ll be awarded the credits, which will allow you to move on or graduate. This is especially valuable for the professionals that have extensive experience in the field, but not a lot of time to spare. Once you decide that getting a degree is a good idea, contact your local colleges to find out if they have competency-based courses available.

But do you *actually* need it?

There are many reasons you shouldn’t seek to earn a new degree after 50. An important one is that in some cases, all your years of experience have taught you much more than a mere degree can offer. While you may learn new things about the craft, it won’t be worth the invested time and money.

However, when it comes to getting a new degree, unrelated to your prior professional experience, the thought process should be slightly different — will this newfound passion last? And for how long?

A new degree also means you’re back to the basics and it’ll take some time to improve your skills to become a seasoned and well-paid professional.

How many years are you planning to work?

The last thing you need to look into is how many years you’re looking to work after you’ve graduated. Sometimes it may simply be not worth it. It’s essential to invest some extra time into carefully planning out your further career and establishing if you’re getting a good “bang for the buck.” While education is an always amazing decision, it can sometimes take a toll on your family’s financial situation.

There are also many other education-related investments you need to take into account, like transportation and books, which may be expensive at times. Similarly, you’ll occasionally delegate essay or paper writing to services like Studicus.com, you need to take that into account too.

Conclusion

It’s indisputable that a college degree after 50 is a laudable affair and will bring nothing but benefits. However, you need to establish whether you can afford to do it and whether this is an investment that will have a substantial return.

Best of luck!

Author Bio: Emma Robertson is a passionate writer that specializes in marketing, psychology, and human resources. She is now a regular contributor at Study Ton.