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Take Action! Exercise - Estimating Expenses for Education One thing guaranteed Financial

Identify a type of training, certification, or degree you is your need to commit Ways to Pay for Literacy
No. 11
to your professional
„ I will explore ways I can expand want to receive in the future. Go online to the specific development. It Education
my current skills through school and find out the costs involved in getting this does not matter „ Student Financial
education and certifications. education. Estimate your expenses per semester and whether you are a Aid
then the total cost for completing the education.
„ I will see what education welder, waitress, „ Employer
reimbursement my company Estimated general manager, Reimbursement
offers. Amount Per Total scientist, software developer or working in the Programs
Budget Item Semester Education “green” industry. No matter what profession—

State Workforce School Costs you need to grow your skills, knowledge, and „ State Workforce
Development
Development Training Tuition technical abilities throughout your career. As
Books you go forward being responsible for your own Training
„ Individuals on state aid can get School Fees professional development, it is wise to plan for „ Private Student
retraining with state funds. The Computer Expense the cost of education, training, and certification.
funding amounts vary by state and You need to know your own capabilities, Loans
are typically targeted at short term Supplies
academic goals—less than 18 Living Expenses academically and financially.
months. Rent or Room & Board Individuals who have more formal training and Loans for Education
„ Individuals with disabilities can also Food/Groceries education earn more money over their lifetime
qualify for retraining with state and Utilities than those who do not. While some people
federally funded programs sponsored Telephone without training earn more at first, opportunities
via workforce development. The Insurance are often limited and they may experience a
individual must have documented Gasoline/Oil lower standard of living without a degree or
disabilities and meet program Entertainment certifications. Investing in your own career can
qualifications as well as physicals for Eating Out/Vending pay off.
program training/education.
Transportation
„ Spouse Employment Programs Miscellaneous Expenses
for spouses of veterans are also Money Matters
available in many areas. Total Expenses

8 People with a college degree earn over 80% more on average than those
Disclaimer:
Learnovation, LLC’s mission is to empower people to with only a high school diploma
improve awareness of their own financial situation. Forty percent of American college students, or almost 6 million people, are
®
©2017 Learnovation , LLC All Rights Reserved. This information is intended to serve as a general 8
www.learnovation.com guide of financial principles and strategies. It is not 25 years of age or older
intended to address individual financial issues, nor
should it be taken as legal, financial, or other advice. 8 The U.S. Department of Education awards about $150 billion a year in
grants, work-study assistance and low-interest loans each year.