How To Get Credit for Your Credits

Veterancredits

Credit transfer policy is key to getting the most out of your prior education when it comes to degree completion. It seems obvious but few actually take advantage of this important part of completing their degree. You need to know what is really going on and what to do about it.

Buzz Today Hechinger Report: Veteran’s New Battle: Getting Credit for What They Already Know: The only benefit of his time in the military that the university (University of South Florida) conferred was to recognize his basic training by tossing him two credits for physical education…. But it took him longer than it needed to, in part because universities and colleges give veterans so little credit for their training and experience. In addition to time, the problem is costing veterans money to pay for courses about subjects they already know… Universities have generally been reluctant to accept transfer credit from any student…letting students forgo credit means the institutions forgo revenue.

Let’s look at the example of credit transfer in the BUZZ Today data to the right. The way this issue is reported makes it sound like all universities do what happened here, namely reject most of this veteran’s experience. The key phrase is “because universities and colleges give veterans so little credit for their training and experience.” This makes it sound like it is ALL universities and colleges who give veterans so little credit for their training and experience. What this article actually means is that the University of South Florida gave this veteran so little credit (only 2 credits) for his prior training and experience.

Here is what you need to know about this important decision. The college or university that you select has a lot to do with how many credits you will be granted for your prior learning and experience. Most potential students first select the college and then negotiate over how many credits are accepted. This places the prospective student (you) at a severe disadvantage. As the material in the BUZZ Today states, the party you are negotiating with, in this case the university where you are applying, has a strong incentive to grant as few transfer credits as possible. Every credit the university accepts reduces their potential revenue by exactly the same amount. Think of the roles as reversed. How enthusiastic would you be to accept credits if it reduced your revenue?

The point is not that colleges and universities are malicious, it is just that the incentives of the relationship are not in the favor of the applying student. You need to change the odds to your favor.

So what is the solution you ask? The answer is that you must be willing to shop around, to evaluate the offers from several universities before making the decision on where to enroll. The mistake the veteran in BUZZ Today made was in selecting the University of South Florida and then going through the credit transfer discussion. To avoid this trap you must have the credit transfer policy discussion BEFORE selecting a specific college or university.

In summary, it is not true that all universities give so little credit for prior training and experience. Some give a great deal of credit for both veteran and civilian applicants. It is very much in your interest to find out which universities are willing to accept your credits. The amount you spend and the time it will take you to complete depend on it. You have years and tens of thousands of dollars at risk it you do not take these facts into consideration before you select the school to attend.

How to Pick A Career With Potential To Earn $95,000 A Year

Go from earning an annual salary of $15,163 two years before getting an Associate’s degree to earning an annual salary of $95,727 five years after completing that degree. Not possible you say? It is possible according data supplied by the Chancellor’s Office of the California Community College System. See BUZZ Today about this important information.

Buzz Today Source: California Community Colleges Chancellor’s Office Tracking Wages of California College Completers Salary Surfer is a web application designed for students and families that provides an estimate on the potential median wages to be earned after completing an award or certificate in 179 of the most widely enrolled disciplines.

To take advantage of this career income data you need to know a lot more about this dramatic increase in earning power in such a short period of time. The education referenced is an Associate’s degree earned in the California Community College System.  The career is that of Physician’s Assistant and can be verified at the salary web site maintained by the California community college system.

This information about the Physician’s Assistant career opportunity has several important things to tell us. First, it is not always necessary to earn a Bachelor’s or Master’s degree to earn a decent living. I do show in the book “Your Future is Calling” that in general, average incomes are directly related to the level of education. That is, on average, Bachelor’s degree holders make more than Associate’s degree holders. But what the Physician’s Assistant career shows, is that this is not true for all degrees and professions. When we reference O*NET we see that the average annual salary for a secondary school teacher with a Bachelor’s degree is $55,050,

The second thing the opening sentence shows us is that there are a large number of students who started out at very low levels of income but through an education, ended up earning over $95,000 per year. This is very impressive upward social mobility.  The message is: “It is still possible in America to significantly improve one’s life circumstances”. But you have to have good data and know what you are doing.

A word of caution is warranted at this point. When we return to the Salary Surfer site we see the impact of technology on career opportunities. An Associate’s degree in Journalism started at $14,664 and five years after graduation this career had a median salary of only $17,347. This is a direct result of the decline in publishing.

So what is the “bottom line” in this career choice discussion? All is not doom and gloom as so often portrayed in the media.  There are very good career options in the US economy and there are others that are not so attractive. The key is to have good, objective data to help you make your choices. My recommendation is that the three sources referenced here be used before you enroll in any degree program. The sources are: Salary Surfer, O*NET and my book “Your Future is Calling.” The book shows you how to put it all together and a lot more.

What America’s Skills Gap Means to You

The United States is falling behind. The skills needed to compete are not being developed fast enough. That’s bad news for our country, but an opportunity for you. Learning that leads to needed skills can give you a significant advantage when it comes to jobs, a career and good pay.

Buzz Today Source: The New York Times: U.S. Adults Fare Poorly in a Study of Skills An OECD study, perhaps the most detailed of its kind, shows that the well-documented pattern of several other countries surging past the United States in students’ test scores and young people’s college graduation rates corresponds to a skills gap, extending far beyond school. In the United States, young adults, in particular, fare poorly compared with their international competitors of the same ages — not just in math and technology, but also in literacy.

It is important that our leaders understand and address the bad news shown here in BUZZ Today. But there is another side to this information that is very important to you as an individual. As reluctant as companies are to hire these days, they will eventually have to find the skills needed to compete in the global economy. Your opportunity is to have those skills when the hiring inevitably picks up. And when, exactly will that be? Soon. The Baby Boomers are leaving the work force at the rate of 10,000 per day. They have the skills. Companies will need to replace those skills.

The OECD study identifies the source of the challenge. “The technological revolution that began in the last decades of the 20th century has affected nearly every aspect of life in the 21st: from how we “talk” with our friends and loved ones, to how we shop, to how and where we work. Quicker and more efficient transportation and communication services have made it easier for people, goods, services and capital to move around the world, leading to the globalization of economies. These social and economic transformations have, in turn, changed the demand for skills as well.”

One of things you need to know is exactly what skills are we talking about here? The specific skills most required, as identified by OECD, include: Skills in literacy, facility with basic math or numeracy and problem-solving in technology rich environments using digital devices to find and evaluate information, communicate and perform tasks.

Unfortunately the debate professors and education policy decision makers are having about higher education are not about you.  Though these debates are heated and intense, they do not help you, as an individual, make the choices you need to take advantage of this personal opportunity. For you, this is not about liberal arts vs. STEM or an associate degree vs. a bachelor’s degree. And it certainly is not about whether you sit in a class room and listen to a lecture or study online on your computer. And it is not about whether you attend a state university or a highly selective private university. This is about what you learn. You need a road map to guide you.

The OECD study further shows the relationship between learning and the acquisition of the needed skills. You need to be learning to compete. Guidance for how to do that is clearly documented in Your Future is Calling. Read it.

The final thing we need to explore here, is the relationship between the facts here and job opportunities in the future. It is a simple fact of economics that when demand is high and supply is limited, the price goes up. Salaries are the prices in the market for skills. Companies are going to have to pay to get the skills they will need. Your opportunity is to invest in your skills to be positioned to take advantage of this inevitable market opportunity. GO FOR IT!

$150,000 in Student Debt and No Job

www.learnprosper.com is designed to give readers like you the information you can use for to prosper in your future. The key words are your and future. Unfortunately many of the headlines about higher education today are crafted to grab your attention and appeal to your emotions.

Buzz TodaySource: Daily Finance: Stories of Student Debt. William: “In just a few months I’m going to turn 62 years old”, says Williams who took out $44,000 in private loans to study psychology. He still has nearly $130,000 to pay off. Paul: Paul sunk more than $120,000 into undergraduate and graduate studies in visual arts, but he has yet to find a job in his field. He owes $150,000 today.Mark: “I wish I hadn’t gone to school,” says Mark, who graduated in 2005 with degrees in psychology and music and $875 monthly payments on $80,000 worth of student loans.

As a nation, student debt totals over $1 trillion dollars. The average student debt of college graduates is around $25,000. This means that there are millions of college graduates with debt that is manageable. What this also means, is that William, Paul and Mark are the exception, not the rule.

Nonetheless, it is valuable to examine the $150,000 and no job case to see what you can learn. The three men in BUZZ Today show us some important lessons.

The ROI that you can expect by earning a degree depends on two things. The first is the amount you pay for your education or the I in the ROI calculation. This you can reduce through a number of important ways that I explain in detail in Your Future is Calling.

The second factor in the ROI calculation is the R, or the Return you can expect to earn in a job. Here BUZZ Today provides some clues. Let’s turn to William, Paul and Mark. Go to O*NET and look up the pay and number of jobs for the identified areas of study: psychology, music and visual arts. The O*NET data speaks for itself.

Headlines about high student debt and no jobs grabs our attention. But it ‘s the lessons to be learned that are most important to you. It’s important to your future that you make key investment and return decisions before you enroll in any degree program. Your choices need to match who you are.

In a recent radio interview I was asked what advice I would give to a young person with $150,000 in student debt and no job. My answer was: “I have no advice to give them. I do not know of any good options once you have arrived at that outcome.” To impact this sad result you have to make better decisions before you begin your learning.

What we see in BUZZ Today, is that merely getting a degree – any degree at any cost, can actually be a very bad decision. The learning that impacts your future begins here.