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NEW YORK -- Earning a degree online seems like a cheap, convenient way to expand professional skill sets. But do hiring managers take virtual educations seriously?
The stigma associated with taking classes over the Internet is a nagging concern for many of those deciding whether to invest serious time and money to advance their careers.
Such fears may be fueled by recently released federal data that suggests graduates of for-profit schools aren't finding as much success in the job market. These schools, which are known for their online career education programs, had lower repayment rates for student loans, according to the data.
The Department of Education plans to enforce new regulations starting in July 2012 that will restrict federal aid for career education programs of less than two years that have too many graduates who can't repay student loans or carry unmanageable debt loads.
In the meantime, here are a few things you might want to know about online degrees.
The virtual elephant in the room
Before you even start looking into online programs, there's the matter of the stigma associated with them. It may seem unfair, but those fears aren't entirely without base.
Only about half of respondents to a Society for Human Resource Management survey this summer said online degrees are just as credible as traditional degrees.
The human resource professionals also said that online credentials were less acceptable for higher-level positions; just 15 percent said online degrees are considered acceptable for an executive-level position.
That said, keep in mind that this is a highly subjective area and that your schooling is just one factor that employers look at.
The field of work you're entering and a company's culture will also influence how online degrees are regarded, notes Lynn Berger, a career counselor in New York City.
"It may be that the person interviewing you got their degree online, too," Berger said.
The matter may not be as big of a concern if your online degree was earned from a traditional, reputable college. The same is true if you earned your degree from a school that isn't widely known as a provider of online education.
That's not to say you should hide that you earned your degree online, but you don't have to make it the dominant description of your education.
The costs are anything but virtual
A common assumption is that online schooling will be inexpensive. That assumption is wrong.
At the University of Phoenix, one of the most well-known for-profit schools, each credit for a master's degree in business administration costs $685. That means earning the 36 credits required for completion would cost a total of $24,660, not including application and other fees.
But keep in mind that for-profit schools don't have a monopoly on Internet courses. The majority of community colleges and four-year public schools now offer at least some online courses as well, according to data from the National Center for Education Statistics.
"Many for-profit schools try to create the impression that they're the only schools offering courses online or at convenient times," said Pauline Abernathy of The Project on Student Debt.
And the average tuition and fees at community colleges last year was $2,500. Traditional colleges typically charge the same amount whether students attend classes online or in person.
With loan repayment rates at for-profit schools a hot topic right now, it should be noted that the majority of students at community colleges do not have student loans upon graduation. Of those that do, the average debt is $10,000.
By comparison, nearly all graduates of for-profit schools have student loans and the average debt is $17,000, according to The Project on Student Debt.
Deciding on a for-profit program
A few points to keep in mind if you're considering a for-profit school.
To start, verify that the school is accredited by visiting www.ope.ed.gov/ accreditation. You can also check the website of the Council for Higher Education Accreditation, at www.chea.org.
But that's just the first step. Even if a school is accredited, be wary of aggressive sales tactics or reluctance to disclose information about pricing. Recent undercover tests by the Government Accountability Office found some for-profit schools used deceptive recruiting tactics and encouraged applicants to falsify financial aid forms.
For-profit schools also tend to do a lot of handholding through the application process to make it easy for students to enroll. Don't let this prevent you from shopping around for other options, rather than signing up for the first school you see advertised on TV.
To gauge how well graduates of a particular for-profit school are doing, check the Education Department's list of student repayment rates at http://tinyurl.com/28fjo3j. Click on the link for "Cumulative Four-Year Repayment Rate by Institution." Keep in mind that rates may differ for particular programs within the school.
Finally, talk to mentors or professionals you know in the field to get their thoughts on your plans to pursue an online degree. They may have some recommendations on a well-respected program or one that others have had a good experience with.
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FT. LAUDERDALE, Fla., Oct. 12 /PRNewswire/ -- With an economy in a tailspin, a great way to be on a safe side is to obtain a graduate or at least an undergraduate degree in the field of business management. This specialization is under demand worldwide. Ultimately, this has resulted in a growing demand of business management majors leading to wonderful salaries.
This is one of very few degrees that will land a high paying job for graduates even in a recession. Universities and colleges know they must offer something more than the conventional business administration degree to help their graduates succeed in the job market so the offerings are growing. Students are provided with more options including human resources, supply chain logistics and information technology in order to make them prepare for managing ever-increasing demands of multinational organizations.
According to Sheila Danzig, founder of http://www.TheDegree.com, the premier Internet online degree portal, starting salary packages for undergraduate business degree holders vary from $35,000 to $50,000. The starting salary is based initially on the specialization of the graduate and the geographical location of the job. Some of the most well known majors in which people specialize are administration, finance, marketing, accounting and economics. Most business institutions require students to take core courses. There are some jobs which are perfectly suited to the graduates from all majors and everyone holding a business degree can do these jobs to his best. For instance, a holder of finance major can properly manage all those assignments which would probably fit in for an accounting major holder. The three majors which lead to most handsome salaries and readily available job opportunities are financial services, health care and information technology. A great advantage of accounting majors with CPA accreditation is that they have the most stable jobs since their demand is always less than their supply.
Danzig added that students who go on to obtain their Masters in Business Administration increase their earning power. She further stated that qualified MBAs have a starting salary ranging between $60,000 to as much as $100,000. MBA majors like IT and finance majors get an average of $80,000. Experienced professionals holding Executive MBA degrees obtain higher than $100,000.
However, Danzig did highlight the point that although money is extremely important in life, it should not be the only reason to obtain a degree in business management. She firmly said that the students should be passionate about their studies.
After obtaining this degree, and specifically in any one of the highly demanded majors, the graduates will not face any problem in getting hired.
The fastest way to both graduate and undergraduate business management programs is online study. You can compare different online institutions at http://www.TheDegree.com.
CONTACT: Sheila Danzig, http://www.TheDegree.com, 954.445.0107, sheila@danzig.com
This press release was issued through eReleases(R). For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.
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EDINBURGH, Scotland – Donald Trump is to receive an honorary degree in business from a Scottish university on Friday despite protests from local residents who say his massive 750-million-pound ($1.2-billion) golf resort could force them out of their homes.
Critics at Robert Gordon University of Aberdeen argue that the U.S. reality star and property tycoon doesn't deserve the degree, but the university counters that students have much to learn from his business savvy.
Trump himself sounded upbeat about the award, telling reporters: "It's a great university, it's a great honor and a great place."
Local home owners claim Trump wants to force them to make room for his luxury resort, which features a five-star hotel, more than 1,000 homes and two golf courses and is expected to open in the summer of 2012.
David Kennedy, a former head of the university, argued that Trump ignored the local planning committee to build the golf resort near the residential Menie Estate north of Aberdeen.
"That is not the work of an honorable businessman," he said.
"The university should be bestowing honorary degrees to people who are honorable, respected for their contribution to society and most importantly a role model for the students. Donald Trump is none of these," he said.
Tripping Up Trump, the protest group opposing the development, collected an online petition with 6,500 signatures against the honorary degree in four days. Local resident Susan Munro presented the petition to the university on Wednesday.
"If I had one thing to say to Mr. Trump it would be 'go home,'" said the 57-year-old. "As for Robert Gordon University, it is all about the money, they are just after Mr. Trump's money."
Trump flew into Scotland after indicating he might run for president against Barack Obama. Trump walked the back nine holes of the golf course on Wednesday and said the first players would tee off in June or July 2012.
John Harper, Acting Principal and Vice-Chancellor of Robert Gordon University, said Trump is recognized as one of the world's top businessmen and students have much to learn from his acumen, drive and focus.
"Given that business and entrepreneurship lie at the heart of much of the university's academic offering, it is only fitting to award Mr. Trump with an honorary degree," he said in a statement.
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AURORA, Co.--(BUSINESS WIRE)--Thanks to the efforts of American Sentinel University faculty Dr. Joy Green-Hadden and Dr. Sandra Wise, the online university has launched its own chapter of the Sigma Theta Tau International Nursing Honor Society. The first meeting will be held in November.
“We are grateful to Drs. Green-Hadden and Wise for making STTI membership a possibility for nursing students at American Sentinel.”
“It is a great fit for our nursing students,” said Dr. Catherine Garner, DrPH, MSN, MPA, RN, FAAN, Provost and Dean of Health Sciences and Nursing at American Sentinel University. Membership in STTI is by invitation to baccalaureate and graduate nursing students who demonstrate excellence in scholarship and to nurse leaders exhibiting exceptional achievements in nursing.
“We are grateful to Drs. Green-Hadden and Wise for making STTI membership a possibility for nursing students at American Sentinel.”
Six of American Sentinel University’s nursing faculty sit on the STTI Board.
Founded by six nurses in 1922, STTI boasts more than 405,000 members in 86 countries. Since its earliest beginnings, the Honor Society has recognized the value of nursing scholarship for healthcare professionals and patients alike. The mission of STTI is to support the learning, knowledge, and professional development of nurses dedicated to making a difference in health worldwide, a vision compatible with American Sentinel University’s commitment to academic excellence.
A leading online university offering undergraduate and graduate healthcare degree programs, American Sentinel is proud that STTI membership is now available to nursing students whose academic performance and professional accomplishments warrant the honor. The university offers a world-class nursing education in a flexible, virtual environment convenient for working professionals.
American Sentinel nursing faculty who serve on the STTI Board of Directors include:
President - Sandra Wise President-Elect - Suzanne Richins Vice President - Sheri Byrnes Secretary - Kimberly McClane Treasurer - Betty Nelson Counselor - Joy Green-Hadden.About American Sentinel University
American Sentinel University delivers the competitive advantages of accredited online degree programs in nursing, health informatics, health systems management, healthcare MBA and a DNP in nurse executive leadership. Its Bachelor’s and Master’s nursing degree programs are accredited by the Commission on Collegiate Nursing Education (CCNE). The university is accredited by the Distance Education and Training Council (DETC). The Accrediting Commission of DETC is listed by the U.S. Department of Education as a nationally recognized accrediting agency and is a recognized member of the Council for Higher Education Accreditation.
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A bunch of colleges are going out of business, only they don't know it. They pretend that trimming costs and jacking tuition is a solution. They haven't come to terms with a world where anyone can learn anything almost anywhere for free or cheap.
Art Levine, Woodrow Wilson National Fellowship Foundation, sees three major change forces: new competition, a convergence of knowledge producers, and changing demographics.
The explosion of online learning from new and existing providers is changing the landscape of higher education. More broadly, everybody is getting into the learning business and providing some kind of instruction: YouTube, iTunes U, the neighborhood library, and closet hackers like Kahn Academy.
To make the landscape even more confusing, Levine points out that less than a fifth of higher ed students are traditional -- young adults that went straight to college from high school. The new majority in higher ed are working adults and they view college as just another part of their life. They want a relationship with college like the one with the bank or the electric company -- convenient, service on demand, quality support, and cheap.
With this crew, when Maricopa Community College doesn't return a phone call, University of Phoenix gets a new student. When Arizona State doesn't give credit for experience, Western Governors University gets a new student.
To Art's list of three big change forces, add shrinking government support, the press for more accountability, and emerging technology. Second tier regional public universities and unselective private college are feeling the heat. Some will adopt market strategies and reinvent themselves; some will go out of business. Competitive economics and aggressive marketing will be the norm (despite Department of Education efforts to dampen for-profit participation).
Degrees are losing their value. No one cares if a web developer has a degree, they just want to see a portfolio of work. Selectives will retain brand value for decades, but for the rest, the information economy cares more about outcomes than degrees.
The next few decades will be marked by a lumpy move to competency-based learning. As WGU has been doing for a decade, students will receive credit for what they know and get what they need when they need it.
Instant information and the ability to learn anything anywhere is transforming the industrial society into the information society. Consumer media is changing rapidly, health care is a mixed bag, education is bringing up the rear. But the shift is on.
The good news for colleges is that demand is high -- millions know they need to build skills and expand their resume. But as it becomes clear that there are good $2,500 per year programs with great service and high convenience, the $25,000 per year campus programs, differentiated only by keggers, will be in trouble.
Colleges are getting some help making the shift. The Next Generation Learning Challenges is a partnership to create new tools and new schools that blend the best of online and onsite learning.
The shift to personal digital learning is on. Some colleges get that. Others will seek bailouts until they go out of business. Working adults are getting smart on their own terms.
Follow Tom Vander Ark on Twitter:www.twitter.com/tvanderark
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