The country’s unemployment rate stands at 7.6 percent, meaning that more than 11 million Americans are now without jobs. However, while the employment rate among high school graduates with no college education hovers at eight percent, those with bachelor’s degrees or higher are seeing the unemployment rate drop by more than half, to 3.8 percent, according to the U.S. Labor Department.

Additionally, the average annual salary for individuals with graduate or doctoral degrees is $75,000, while bachelor’s degrees command an average salary of $51,000. For those relying on a high school diploma alone, their average salary drops significantly to $28,000.

Therefore, for anyone seeking increased career stability in this shaky economy, higher education is the answer. Now is the best time to pursue an advanced degree to further a career, as demonstrated in a newly released video (http://www.youtube.com/watch?v=NDfew0YcDTo) by EducationDynamics.

Fortunately, finding the best program to match a prospective student’s interests and goals has become much easier due to recent technological innovations and expanded access. With 4,146 colleges and universities in the United States, both on-campus and online, never have there been more educational options from which to choose.

Expanded Educational Options
Interest in online education has surged as a result of the convenience and flexibility it affords. Online learners can complete their coursework when it is most convenient―after the kids go to bed at night or even during a lunch break at work. Web-based courses also allow students to take classes at home, in effect eliminating time and money spent driving to class.

For others, a traditional campus setting is the preferred environment. Traditional classes allow students to interact face-to-face with professors and fellow students alike, and generally offer more structure than their online counterparts.

The choice between online learning and traditional on-campus programs is simply a matter of personal preference, and there are comprehensive resources, including eLearners.com and EarnMyDegree.com, that help prospective students find their ideal degree program.

Additionally, the eLearners Advisor (http://www.elearners.com/advisor/) is designed to help prospective students determine whether online learning or a traditional educational format best suits their needs and preferences. For those unsure about which academic program to pursue, eLearners.com offers the Career Interest Test (http://www.livecareer.com/default.asp?lp=TG6A&cobrand=ELRN) to help people determine the career that best matches their personality.

Important Questions to Ask
In addition to deciding which format and degree to pursue, it is also important to note that returning to school will affect a student’s personal life. Some important questions to consider when determining whether now is the best time to enroll in a higher education program include:

1. Do you have support from loved ones? To reach optimal academic performance, it is helpful to have the support of close friends and family.

2. Do you have employer “buy-in”? Ask your boss whether he or she supports you completing coursework during lunch hour and whether it is appropriate for you to use a work computer for such activities.

3. What is your plan or timeline? A three credit college course will require, on average, 10 to 12 hours per week.

4. Do you have a home classroom or study area? A separate space for studying will help you concentrate and stay organized.

5. Do you plan to seek financial assistance? Research scholarship and grant opportunities, and tax credits and deductions to help offset costs. The Debt-Free College Guide (http://debtfree-elearners.com/) is a comprehensive resource providing a state-by-state listing of options to help make college more affordable.

Knowledge opens new doors and changes things for the better. Among the millions of people who will enroll in higher education this year, several will be the first in their families to receive a college diploma. Millions more will finish their degrees online. Many single parents will pursue continuing education to improve their earning potential. A newly-released EducationDynamics video (http://www.youtube.com/watch?v=NDfew0YcDTo) provides fresh inspiration to positively change lives and the world through a commitment to life-long learning.

Ann Marie always yearned for a college degree, but she had to put her dream on hold. She is a 25-year-old mother who works to support her two-year-old and seven-year-old step-daughter, while their dad has been deployed overseas. And in addition to caring for her own family, she also serves as power of attorney for her best friend’s young daughter while both parents serve in Iraq.

“With my former husband being deployed on and off over the past two years, I’ve had to double up and be Mommy and Daddy all alone. School couldn’t be a factor when I was alone to raise my family,” said Ann Marie in her Project Working Mom essay.

However, Ann Marie’s greatest wish was granted when she recently applied for, and won, a Project Working Mom scholarship to attend an online college for free. Although she currently works at a retail store as a part-time manager, she longs for a steady career, especially with today’s economic woes. Without a college degree, Ann Marie fears she is being passed over for positions for which she would otherwise be qualified; she fears she is simply not competitive in the job market.

Thanks to the Project Working Mom scholarship, Ann Marie will now get her degree in accounting from Everest University at no cost to her. Online classes grant her the flexibility to attend school from home at any time of day, which frees her from childcare worries. She is home for her children when they need her, and she is now serving as a role model for her children.

“My goal is to do my best so that my daughter can see that if Mommy can do well in school, so can she,” continued Ann Marie.

Ann Marie’s story represents just one of 93 Project Working Mom scholarship recipient stories from across the country. Each recipient is a powerful example of sacrifice and determination as women seek to provide a better life for themselves and their children through education.

Following two successful Project Working Mom outreach campaigns that awarded more than $4 million in scholarships to nearly 100 recipients, Project Working Mom rolled out a third campaign on January 8, 2009, which will wrap up on April 30, 2009. This round of the program introduced a new twist: Fathers are now eligible to win a scholarship, a request logged quite frequently during the previous campaigns. The participating schools for Project Working Mom…and Dads, Too! are Ashford University, Capella University, Everest University, Virginia College, and Ashworth College.

“We launched Project Working Mom as a response to staggering statistics indicating that working moms are an underserved population that simply need to overcome the obstacles of time, money and confidence to achieve the education they need to improve their lives,” said Helen MacDermott, content director for Project Working Mom. “But in today’s economy, we realize there are plenty of dads who are also in desperate need of financial aid and deserve a chance to tell their stories, too.”

According to the U.S. Census Bureau, of the 2.1 million single dads in the United States only 16 percent have a bachelor’s degree or higher. Although the total number of single moms in the United States is much larger, the percentage of moms with a bachelor’s degree is about the same; only 15 percent of single moms have a bachelor’s degree or higher.

According to the federal government, the number of students applying for student aid is soaring. In the first six months of 2008, the total number of Free Applications for Federal Student Aid submitted was about 1.3 million more than the same period in 2007. Project Working Mom has also witnessed this tremendous demand for financial aid. The first two campaigns in 2008 generated more than 120,000 applications for a full-ride online college scholarship.

eLearners.com, an online education resource that connects learners with online education, which created the Project Working Mom campaigns, also created a complementary, interactive, and in-depth web site to help learners tackle their questions and fears about returning to school. The site is designed to empower working parents and it offers: advice on going back to school; self-assessment quizzes on numerous subjects, including how to determine what subjects to study; an online support community; numerous articles; and a database with $15 billion in financial aid opportunities.

Project Working Mom…and Dads, Too! helps to remove the barriers many people face when deciding whether to go back to school, including the hurdles of money, time, and confidence. The scholarships provided by the participating schools allow the recipients to go back to school at no cost, eliminating the huge financial aid burden. By studying online, students can do classwork from home, during their lunch hour at work, and at any time of day. The flexibility of online classes fits perfectly with the lives of busy parents. And through the comprehensive Project Working Mom web site, working parents can get the knowledge they need to feel confident about returning to school.

“I don't have a lot of family members that have gone to school and certainly none that have received scholarships. To my family and me, this is better than winning the lottery,” continued Ann Marie. “This is my time to finish all the way to the end.”

Moms and dads, to learn more about Project Working Mom…and Dads, Too! and to apply for a full-ride, online education scholarship visit www.ProjectWorkingMom.com.

People Fleeing Megabanks Find Community Banks Paying Up To 6% Yields

It took $4 gasoline to get folks to think about their driving habits. Similarly, it looks like a meltdown of the megabanks and other financial institutions is prompting consumers to think about where they are putting their money, who they can trust and what results they should expect. And much of their hard earned cash is flowing into deposits at community banks:

• According to the FDIC, banks with less than $10 billion in assets, community banks, have seen an increase in deposit growth this year from a minus 0.77% in Q1 to a positive 2.06% in Q3. Larger banks witnessed a 3.81% decline in growth of deposits for the same period.
• The Federal Reserve reported that October deposits and lending at community banks outpaced the overall industry. Between October 1 and October 22, community banks saw deposits rise 1.1 percent, or nearly $27 billion, to more than $2.4 trillion. For the same period, the nation’s 30 largest U.S. chartered banks saw $44 billion, or 1.2 percent of deposits, walk out the door, leaving them with less than $3.8 trillion.
• REWARDChecking, a free checking account offered by more than 450 community financial institutions across the country, reported a 96% jump in deposits in the third quarter of this year.

“Through products like REWARDChecking, community financial institutions are winning back customers from the faltering megabanks and investment houses,” said Don Shafer, Chairman of BancVue, a leading provider of products and consulting to community banking institutions. “Americans are indicating that they enjoy investing their money locally, and they benefit from high yields, fiscal safety and customer service.”

Higher yields on short term deposits like those found on CheckingFinder.com are certainly fueling interest in community banks. Month-to-month applications on CheckingFinder.com (https://www.checkingfinder.com/), a website that connects consumers with community financial institutions offering high-yield checking accounts, jumped 14% from July to August, 46% from August to September, and 53% from September to October. A small sampling of applicants on the site indicated nearly seven out of 10 were moving their funds to community financial institutions from large banks.

Examples of the yields found at community banks compared to those higher yielding shorter term deposits at megabanks (as of December 15) includes:

COMMUNITY BANKS YIELDS PRODUCTS
Community Bank of Pleasant Hill, MO; 6.10%; High-yield Checking
First Robinson Bank, IL; 6.01%; High-yield Checking
Legence Bank, IL; 6.01%; High-yield Checking
Community Bank of Raymore, MO; 6.01%; High-yield Checking
Three Rivers FCU, IN; 6.01%; High-yield Checking
Florida Central Credit Union, FL; 6.01%; High-yield Checking
Union State Bank/Bank of Atchison, KS; 6.01%; High-yield Checking
Bank of Granite, NC; 6.00%; High-yield Checking

MEGABANKS
WAMU; 5.00%; CD (5 years)
eLoan; 4.75%; CD (6 years)
Schwab; 3.60%; CD (18 months)
ING; 3.75%; CD (1 year)
HSBC; 3.50%; CD (1 year)
Countrywide (BofA); 3.10%; CD (9 months)
eTRADE; 2.25%; CD (12 month)

“Three years ago the issue of 'how secure is my money?' was literally not on the consumer’s radar; today, the future viability of the nation’s largest banks is,” continued Shafer. “Not so with community banking, a system that has endeared trust by its roots and not by its branches.”