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How to Pick a Winner — Career Selection for Students and New Graduates

You only have to watch one episode of “Shark Tank,” “The Profit” or “Dirty Jobs” to know that there are limitless ways to make a living. The challenge is determining which of these roles, industries and career paths are best suited for you. For most people, they skip the research part and often take the most obvious path — perhaps a role at a company where their family or friends work or they accept the first position they are actually offered. Long-term career satisfaction comes from proactively examining options, and then making a conscious choice to pursue those paths. As a student or new graduate, how do you actively investigate and identify ideal professions?

[See: 25 Awesome Business Jobs for 2016.]

Get to know yourself. In the movie “Star Wars,” Yoda was on to something as Luke Skywalker’s mentor when he pushed Luke toward self-discovery. It was only with this self-knowledge that Luke could truly harness the power of “The Force.” The same is true for entry-level job seekers. You should be an expert of who you are — your strengths, your weaknesses, your interests, your likes and dislikes. When you have a realistic sense of your traits and talents, you can examine roles with a more realistic lens.

A simple way to accomplish this is to write down the things that come most easily to you or seem to be strengths. Some examples of natural characteristics that are also professionally relevant are having grit or tenacity, good work ethic, creative problem solving, resourcefulness, spontaneity, staying calm under pressure, research skills, organizational talents, detail orientation and getting along with most everyone. Also, think about those traits that you may not yet possess, but would like to develop. This might be public speaking, leadership skills or patience, for example. You can also ask adults in your life what strengths or weaknesses they recognize in you.

There are also in-person and online tests you can take to help delineate your skills. Your high school or college counselor should have recommendations if you cannot find one online that meets your needs. Once you have this list of your pros, cons and opportunities for development, you now are ready to examine the job market.

[See: 7 Companies With Perks That Will Totally Make You Jealous.]

Research career options. As expressed before, the options are vast and this wide range is what paralyzes many job seekers. An excellent way to get some guidance through career exploration is to try out an online career test. One of the innovators in this space is a site called Sokanu.com. Started by a student who was perplexed by how to examine career choices, the site has thousands of modern questions that help testers get a better sense of potential professional matches.

Additionally, Sokanu.com and other sites profile hundreds of careers so that you can educate yourself on professions that may sound intriguing or you heard are rapidly growing. Take the time to read about multiple options. Sometimes learning about things that don’t appeal to you can be as valuable as determining the jobs that do appeal to you.

Go and talk to people in those jobs. No matter what you read about being a politician or a customer success manager, nothing can rival firsthand information from people who do those jobs. Plus, there are many nuances to a role that can change it dramatically. For example, being an accountant at a small 20-person company is dramatically different than being a certified public accountant for a “Big Four” accounting firm. Talking with experienced professionals gives you both a well-rounded education on the role and also helps you to learn about other aspects that may have significant impact on job satisfaction.

[See: 10 Things New Grads Can Do Right Now to Get a Job.]

Thinking about a future profession can be daunting — but it doesn’t have to be. There are many resources available to help you understand your assets and interests and then to see which professions may be better matches than others. The great news is that there is never just one path to success. But don’t let the variety intimidate you. Even a little introspection and investigation can greatly increase your options and long-term professional happiness.

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How to Pick a Winner — Career Selection for Students and New Graduates originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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