Did you know, based on course fees and the cost of living, New York is the most expensive city in the world in which to study? Or that Kuala Lumpur is currently considered to be the cheapest?
Wherever you plan to study, whether it be right here on our beautiful Central Coast or further afield, course fees will play a factor in decision making. So how can you be sure if the cost you outlay to start your studies, or upskill, will benefit you financially in the long term?
Research by the OECD found the short term benefits of Vocational Education and Training (VET) for students included increased work life satisfaction and higher earning levels. With long term benefits including lifestyle flexibility and more likelihood of lifelong learning opportunities.
Choosing a VET course over a University Degree can be a wise decision, as courses tend to be shorter and the fees lower, meaning you can be on, or moving up, the career ladder much quicker and with minimal, or no debt to your name.
Here at ET Australia, we provide a number of different payment options including payment plans, scholarships and subsidies, to lessen the burden on your hip pocket.
But it’s not just about the money. The non-monetary benefits of VET, such as increased self-confidence, making professional connections, building like-minded friendship groups and an improved sense of well being, should also be taken into consideration.
This study into the costs and benefits of education and training by the NCVER, concludes that understanding the true benefits of further study, involves ‘the interaction between the financial and non-financial return on the student’s investment’, but also identifies that the challenge will always be in the difficulty in measuring these attributes.
Rewards of additional education go further than just to the individual student. A more skilled workforce means more specialised knowledge and technical skills, leading to innovation, productivity and national growth which benefits society as a whole.
When considering whether upskilling, vocational training or further education is right for you it’s important to consider the bigger picture, what does the job landscape look like in the industry you want relevant training for? What are the salary options and are these right for your lifestyle and commitments? Will these qualifications be relevant in the future, or will you need to refresh them, if so have you factored in the cost of this?
Whatever decision you decide to make, here at ET Australia, we’re here to help. You can read through our available courses, our payment options, or get in touch if you have any questions. Also don’t forget to like us on Facebook for all the latest news.