In tough economic times, individuals often return to education and pursue financial aid opportunities. This year, slowdowns in the employment market and rising costs have created a record surge in such financial aid applications and some wonder if states and colleges have the money and resources to fund the continuing trend.
While businesses have been laying off workers or outsourcing jobs, they are still looking for more qualified job hunters to fill new positions created by advances in technology and shifts in marketing focus. Although customer service and some programming jobs are in decline, employers are seeking individuals with college educations in engineering, nursing, and some types of computer science. Many people who have been laid off see little choice but to return to school and advance toward a career in one of the fields with the biggest demand.
» Read more: Financial Aid Applications Surge in 2008 As Employment Declines