Academic Overkill and Delayed Gratification
On the other hand, there are some affordable health insurance options for the unemployed, so be sure to consider everything before moving forward.ģ. When family coverage is available, the rates can be much higher than what you pay just for yourself.
#THINGS TO KNOW WHEN YOU GO TO IT SCHOOL FULL#
And while you can get coverage for yourself, it can be difficult to get full benefits for your family. The downside is that you may have to use the on-campus student health service for basic medical needs and referrals to specialists before your coverage kicks in. In fact, you may not even have to be a full-time student to qualifyīut proceed with caution. Many schools offer affordable group health insurance to their students. Contact your unemployment office or federal “ Career One Stop” for more information on available programs.ĬOBRA payments got you down? Cut your premiums by going back to school. Even better, the government pays for all or part of the training program.
These short-term training courses focus on concrete job skills or retraining you for a new career. Workforce development programs approved by your state’s unemployment system are an exception to this rule. For $79 (or just $1.52 per week), join more than 1 million members and don't miss their upcoming stock picks. Motley Fool Stock Advisor recommendations have an average return of 618%. If you can’t prove to your state’s unemployment department that your class schedule won’t interfere with your job hunt, you may lose your right to unemployment compensation. Unemployment insurance is for people who are looking, and available, for work. How so? Going back to school may disqualify you for unemployment benefits. If you lose your job, taking new courses, earning an advanced degree, or training for a new profession ought to boost your hire-ability, right? Unfortunately, enrolling in an academic program can also cut off a financial lifeline. Be careful, though, because you can also pile up debt, waste your time on unnecessary courses, and even lose your unemployment benefits in the process.īefore rushing back into the schoolyard, educate yourself on your options and the six potential pitfalls of returning to the classroom. make yourself more marketable in the job market), get health insurance, network with others, and start feeling productive again.
#THINGS TO KNOW WHEN YOU GO TO IT SCHOOL UPDATE#
Whether you’re recently dealing with unemployment or job loss, or you’ve been sending out resumes for a while, heading back to school can be a great way to update your skills (i.e.
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