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Study Up on Going Back to School

The grim outlook for the labor market has been leading more workers to reassess their career options. And it’s tempting many to contemplate a return to school to buff up skills or gain completely new ones.

More education can add significantly to earnings, according to a report from the Census Bureau. In 2006, among workers 18 and older, those with less than a high-school diploma earned an average of $20,873, compared with $31,071 for those with a high-school diploma, $56,788 for a bachelor’s degree, and $82,320 for a master’s, professional or doctoral degree.

While such financial incentives may be alluring, experts say there are a number of important considerations that must be taken into account before pouring hard-earned cash into more schooling:Read more…

Publish date: September 18, 2008