Is going back to school right for you in a faltering economy and job market?

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February 13, 2009

Is going back to school right for you in a faltering economy and job market?

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By Hanah Cho
The Baltimore Sun

A slow economy and labor market can lead many workers to consider going back to school to advance or change their careers.

But it might not be the right choice for everyone.

For starters, consider whether additional schooling or another degree will advance your career. Career experts and recruiters say an advanced degree doesn't always mean you'll obtain a higher salary or a better job.

Check out www.cbsalary.com and www.careervoyages.gov for some general ideas on how education could affect your earnings.

Also consider whether student loans will play a factor. A potential salary bump might not offset loan repayments.

If you're considering going back to school because you want to switch careers, speak to people working in the field you're interested in. You want to find a program that's the right fit for you.

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