I will be downsized (read--laid off) soon. I've prepared by having 8 complete months at least of living expenses saved PLUS my hubby is getting more opportunities at his job which translate into more money for us. Plus, I am getting a generous severance package.
I have an Associates in Science degree plus extra hours in Medical Laboratory work. I have been diagnosed with a malady (no details/takes too long) that prevent me from doing my job there and I haven't worked in the industry for a couple of years. Not possible to go back to that industry. I also have been working in a public speaking capacity for a non-profit on an as needed basis, but that job will end this month as well d/t economy. I will have two children in college in the fall for one year ONLY.
1. Should I go back to finish my Bachelor's degree while i have two in college to claim on my FAFSA and thus qualify for more student financial aid? (this will make me more qualified for jobs in the future)-- and with two more classes I can have my medical billing/coding license that I can also use. I have my Microsoft Office Certification as well, so office work is definately another option.
2. Should I live by partially using this savings to do so? (I'd need to go full time to finish in one year)
3. Is it worth gambling on this economy to work on that degree now?
The thing is, my older child graduates college after this coming year, so this seems to be a one shot deal on that extra financial aid. My financial situation is unusual in that I have no debt....no mortgage, no car payment (which may be temporary, I realize), and little bills. My children are paying for nearly all of their own college as well, so no bills there to amount to much (I help pay for books and stuff like that).
At this point, I'm just afraid of making the wrong decision. Both hubby and I were out of work some years ago, so fears of being in that situation again are always there. Jobs in my area are scarce and every one I've sent a resume to said "Bachelor's degree required" and gave no leeway for experience. And these were all basic office/entry level jobs......hmmmmmmm.
Thoughts pro and con are welcome.
Crossroads at 48