Getting and Advanced Degree at 50+

The economic recession and massive layoffs have left thousands of middle-aged adults wondering if they should go back to college to obtain and advanced degree. 

According to Dr. Tom Denham of Career Transitions, Inc. in Albany, New York, most people fail to do the legwork that may save them a bundle in the long run.  "Before you go back to school, you need to figure out if your why is strong enough," he said.  "Otherwise, you can be in the fifth year of your doctoral program asking: Why am I here?"

Denham helps his clients explore their options by taking them through a four-step career discovery process.  After this process, clients emerge with a much clearer idea of what their goals are and how they want to achieve them.  "When clear, then decide on the sacrifices you're willing to make," Denham added. "How bad do you want it?  Are you willing to sell your house?"

Denham said that middle-aged adults are especially vulnerable because they face mounting responsiblities--like caring for elderly parents and paying for their children's education--that leave them little time to do much beyond their normal work day.  "People are time starved," Denham said.  "That's why it's important to start education early."

Joyce Lain Kennedy encourages her readers to talk to 10 to 12 people in the field that they are contemplating before mortgaging their future to pay for additional education.