011 Is Tuition Assistance Right For Me?

Should you get a college degree while you're in uniform using Tuition Assistance, or wait to use your G.I. Bill after you get out? If you already have a degree, should you use TA to go out and get an MBA or other graduate degree? In America in 2024 it's pretty true that you need college in order to make enough money to get by, and so the assumption is that if some college is good, more is better. But is that really true? In this week's episode we talk about things to think about when considering getting your first -- or another -- degree while in the military using Tuition Assistance. Learn about the requirements and the payback that comes with using TA. TA doesn't necessarily cover all your costs, so you should expect to pay some money out of pocket, and you also are spending a lot of time and effort. So even with TA, a degree isn't "free." As it turns out, the reasons and timings for using TA are completely different for enlisted and officer, and we discuss when and how to use TA, if at all, for both. Even more critically, we make the case that if you're enlisted and you want to get a degree, it makes sense to start ASAP during your first enlistment EVEN IF you have to pay for it out of pocket. As it turns out, especially in the military, the Return on Investment (ROI) of a college degree for enlisted personnel is likely the best ROI you'll ever earn on any investment you ever make in your life. On the other hand, for officers it may be a total waste of time and effort even with TA . . .  Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.