How to Invest in Yourself in the Face of Rising Education Costs

Living through a pandemic has taught us many things, for example, the importance of a healthy work-life balance, the need for trained digital skills professionals and the necessity of investing in ourselves.

cropped image of a man concerned over rising education costs counting money

For many of us, that means following a new career path. While the idea of starting over is scary, education costs in the US are skyrocketing. With student debt impacting current learners more than previous generations, one can feel overwhelmed at the prospect of gaining a new skill set.

If you’re feeling torn between needing a change and financing a four-year education, there’s another option: NJIT Digital Skills Bootcamps.

When we say we understand the struggle is real, we mean it. Spending money to make money is always a difficult decision, but let’s take a look at how an investment in yourself can pay off in the long run.

Digital Skills Career Trends

Inflation is up 8.5% compared to last year. Has your salary increased that much? If not, you’re actually losing money. If your earnings aren’t keeping pace with inflation, your buying power is diminished. This means your dollar won’t buy as much as it did this time last year. 

In order to combat the rising costs of goods and services, you need to earn more. 

The pandemic is partially to blame for rising education costs. The closure of universities led to the loss of hundreds of millions of dollars in revenue overnight.

As education costs steadily increase and inflation rates remain high, learners are faced with a true dilemma. 

Before you write off switching to a career in the digital field, take a look at the digital skills job outlook:

  • Over the next five years, the global workforce can absorb around 149 million technology-oriented jobs
  • According to LinkedIn data, “we’ll see 150 million more technology-related jobs across industries globally, so demand for digital skills is very much on the rise”
  • 85% of Americans believe that digital skills will be important to success in today’s workplace

Finding candidates with the right skills is among the biggest challenges for employers.

The cold hard truth is no one can afford to remain at the same pay rate year after year. The good news is there is a current shortage of skilled digital workers to fill employment needs. 

By enrolling in an NJIT Digital Skills Bootcamp you can overcome financial barriers and rising education costs in the US.

NJIT Digital Skills Bootcamp Benefits

What is a Bootcamp?

Bootcamps offer a practical approach to honing in on a specific skill set. They have become a welcome alternative to traditional degrees for their relative accessibility and flexibility. In fact, more and more companies are waving the need for a degree in light of rising education costs. 

NJIT bootcamps can be completed in just ten months, offering learners of all levels the practical knowledge and mentorship needed to build the necessary hands-on experience via live, online weekend and evening classes. 

Bootcamp Value

No Experience Required

Learners can access the diverse field of digital and tech skills with little or no experience. Whether you have utilized digital skills before or are transitioning from a non-digital job, our comprehensive, beginner-friendly bootcamps make starting a new career possible for people of all skill levels and talents. 

Taking a bootcamp means skipping prerequisite courses, which cost an average of $694 per credit hour at any 4-year institution.

Remote Learning

Our live and online courses are designed to fit into your schedule. Remote learning allows you to work while you learn. Learning from home is a significant financial and time saver.

Plus, studying remotely eliminates the need for additional childcare costs for learners who are parents. The average hourly cost of childcare is $17

Career Services

Work one-on-one with our career service experts who take the time to teach you how to present yourself and your new skills to employers. Brush up on interview skills with our hiring partners and learn how to polish your resume and LinkedIn profile. 

Outside of the bootcamp, these services could cost you thousands of dollars. Professional resume writing can cost $100-$700, career coaching ranges from $75-$500 per hour, and introductions to hiring partners are invaluable. 

Additionally, 73% of job seekers say the process of looking for a job is one of the most stressful events in life. Career services can help alleviate application stress. 

All this value and more is included in the NJIT bootcamps.

How to Pay for School Despite Rising Education Costs

If you’re living paycheck to paycheck, you’re not alone: you’re among 64% of the U.S. population. You can create a better financial future for yourself. Imagine what it would feel like to pay for groceries without having to check how much is in your bank account, setting your bills to autopay or not having to compromise a need for want.

Piggy bank with coins and accounting ledger

The Return on Investment from Bootcamps

Return on investment (ROI) is a way to measure the benefit of an investment. Whether investing in a stock fund, investing time on a task or investing in your future, most people want assurance that their investment has the potential to provide a positive outcome.

Let’s take a look at how investing in yourself can help you achieve positive outcomes for your future.

Here are a few national average salaries based on different digital skills careers:

For comparison, the national average salary across all industries is $51,168 per year.

Now let’s round off some of these figures to measure your potential ROI when you invest in an NJIT digital skills bootcamp.

Someone making $50k who invests $14,500 in the NJIT UX/UX Design Bootcamp has the potential to earn $100k as a UX Designer. This scenario provides a ROI of $35,500 just for the first year of employment.*

Similarly, an individual earning $50k who invests $17,500 in the NJIT Cybersecurity Professional Bootcamp has the potential to earn $130k as a Computer and Information Research Scientist. That’s a potential $62,500 ROI in the first year of employment.* 

*These scenarios are hypothetical.Salaries vary based on a number of factors, including position, location, experience level, skills, as well as work and personal history.

3 Steps to Finance Your Education

Financing your education with an NJIT Digital Skills Bootcamp is easy. 

  1. Step one: Choose from a variety of NJIT Digital Skills Bootcamps
  2. Step two: Test-drive a 30 Hour Introductory Course for a taste of what you will experience as a learner. 
  3. Step three: When you’re ready to commit to the full program, choose your payment option.

To help you invest in your professional development, we offer a few payment and financing options. This program does not qualify for federal financial assistance.

Pay in Full0% InterestPersonal Financing
After completing the Introductory Course, pay tuition in full prior to starting your first class.Monthly installments with no interest. Available to all learners.Students may qualify for private education loans with lenders like PNC, Sallie Mae or our partner, Climb.

Need more information on your payment options?

An admissions advisor will be able to walk you through your options so you can make the best decision for your future. 

Jumpstart Your New Career

Choosing to invest in yourself is exciting and there is no better ROI than investing in your future.

board with the quote “you are your own biggest asset”

Choosing a bootcamp to further your education means creating a better work-life balance with interactive online learning and the potential to start a new career in less than a year with the help of a dedicated career services team.

Classes start on a rolling basis. The best way to enroll is to get in contact with our admissions team for more information on cohort start dates, tuition and what you’ll need to get started. Give us a call at (973) 688-5050 or fill out the form below.


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