In many fields, getting a master's degree is a great way to advance one's career.
However, it is not always the best course of action, especially if not well thought out beforehand.
So before you enroll in a higher education program, ask yourself these three questions.
How am I paying for this? In recent years, the amount of outstanding student loan debt has eclipsed credit card debt in the United States.
Americans now owe more than one trillion dollars in federal and private student loans.
Higher education generally comes with a higher cost as well.
Do not become a statistic and end up overburdened by crushing debt and a huge monthly payment just for a degree.
Worse yet, if you wind up not finishing your program you will still have to pay back the loans.
Find ways to finance your schooling either by saving up tuition prior to starting or working part time while enrolled.
Better yet, some employers will pay for your degree if you demonstrate how the knowledge and experience gained will make you a more valuable employee.
How will this benefit my career aspirations? Do not get trapped into thinking you have to get another degree.
Some people feel like it is a necessary component to a fulfilling career, but that is not always the case.
Before you enroll, sit down with your employer and talk through what attaining a master's will do for you.
Will it increase your pay? Will you be considered for the next management position? If you are aware of a current opening that claims a master's degree is required, reach out to the decision maker and inquire about the possibility of them helping you finance it.
The important thing is to have a plan for how going back to school will directly advance your career.
Do not spend the time and money if you cannot see the path ahead that increases your professional responsibilities and paycheck.
Am I pursuing something that I love? Some people return to school if their job situation changes or if they simply do not enjoy their work anymore.
Make sure you are heading toward something that you love, not just running away from something you dislike.
Too many people think getting a master's will somehow change their lives.
There must be some goal in mind greater than the degree.
There are plenty of great reasons to get a master's degree.
But before you sign up for next semester, make sure you can pay for it, understand the effects on your career, and are pursuing something that you genuinely enjoy.
If you figure out those three things your master's degree will be one of the greatest decisions of your life.