Recently, it was announced that the UK unemployment rate had decreased for the fifth consecutive period, declining to 5.1% and the lowest level since October 2005. This marks a return to pre-recession unemployment rates, and underlines the recovery that the British job market has undergone over the course of the last five years.
While the job market may have improved to the point where it can offer numerous opportunities to job seekers (and those already in gainful employment who are keen to develop their careers), it is still the individual responsibility of each person to drive their employability and suitability as a candidate for work in the current market.
How to fund further Education and become a better Employee
With this in mind, here are three tips that will help you to fund further education and become a more valuable candidate for work. These include: –
Consider Short-term Loans
In some instances, you may need a single course to refresh your skills or add a new qualification to your resume. Either way, this is likely to require a single, one-off fee, which while being easier to manage may be beyond the means of applicants. In this instance, you may want to consider an unsecured, short-term loan, so long as you take the time to understand your requirements as a borrower and act responsibility. Guarantor lenders such as Trusttwo offer an excellent option in the modern age, as they deliver flexible and unsecured loans that have manageable interest rates.
Create an Additional Source of Income
For ongoing, part-time courses, there is likely to be a need for more regular funding. This can be achieved through the cultivation of an additional income stream, whether you decided to pursue passive opportunities such as investment or market your desirable workplace skills as a contractor. Your decision will depend largely on the amount of spare time at your disposal (accounting for your chosen course), while those considering freelancing must ensure that this is allowed under the terms of their existing contract/
Are Apprenticeships right for you?
The current UK government is driving apprenticeships as a debt-free way of acquiring invaluable industry skills, although there is a misconception that this method of learning is aimed solely at school-leavers. This is untrue, however, as we have seen a huge rise in the number if adult apprenticeships across multiple, specialist industries over the course of the last few years. If you have a specific career goal in mind, apprenticeships offer a focused course of learning that merely requires you to sacrifice earnings for a short period of time.
Have you experienced problems funding your education? Let us know what happened and how you dealt with it in the comments below.
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