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Beat a Recession With Extra Income From Online Teaching
Today’s economy is going through some serious jolts, and if you have the necessary college degrees, it’s entirely possible that extra income from online education will save you from falling behind on your bills. If you have a master’s degree in math or psychology, teaching a single online course every six to eight weeks could earn you over $300.00 per week. If you have a Ph.D. in one of the basic humanities such as English or history, you could earn over $800.00 per week teaching three online courses. Someone who chooses to take multiple online courses at multiple schools and teach online full-time could easily earn $1,250.00 or more per week.
Rising prices and rising unemployment are a reality today, and there is every reason to believe that both will continue in the near future due to the so-called credit crunch. It goes without saying that in this economic climate, almost anyone could use an extra thousand dollars or more each month. If you have at least eighteen graduate hours in a specific academic discipline, or even better, a master’s or doctoral degree, then you can teach one or more courses online and earn a very healthy extra income.
As distance education grows in popularity among college students and faculty, the number of available courses taught exclusively online is increasing almost daily. Historically, student populations at technical colleges, community colleges, and four-year universities increase dramatically during times of economic hardship. While online teaching is not a get-rich-quick scheme, it can certainly provide substantial additional income for those who land an online teaching position.
Online teacher position
Advances in technology and a growing interest in distance learning pedagogy from faculty make online education a natural economic boon for educational institutions. The simple fact is that all new online classes must be taught by qualified instructors, which is why 18 hours of graduate study, a master’s degree or a doctorate is beneficial for both the institution and the teacher who seeks to earn an income from teaching online. . Without academically qualified faculty, a college or university is not authorized to accept federal financial aid on behalf of its students.
The availability of federal financial aid to pay for tuition and books is directly tied to a given school’s accreditation. The reason why it is necessary for an instructor from a higher education institution to have certain academic degrees is due to the accreditation requirements that schools face. In order for a technical school, community college, or university, public and private, to accept federal financial aid for its students in need of tuition assistance, it is necessary to have a faculty populated by tenured teachers graduate degrees or at least 18 hours of graduate study in a specific field of study. For the vast majority of students, federal financial aid is about the only way they can afford to go to school, as tuition fees typically rise at twice the rate of inflation.
So, colleges and universities are actively looking for qualified instructors to staff their online courses because they need qualified teachers to meet accreditation requirements, and this need increases your chances of landing an online teaching position. It is, however, important to understand the working model that colleges and universities are using regarding their offering more and more online courses if you want to benefit financially from online education. Online teachers, for the most part, are not hired for a stable online teaching position. Certainly, a small number of teachers can obtain a full-time online teaching position, and as the number of online courses offered by colleges and universities grows exponentially over the next few years, there will be a need growing number of teachers qualified to accept the responsibility of an online teaching position. However, the reason for creating a full-time online faculty position is administrative in nature, not educational or academic. By far, the greatest number of opportunities for academically qualified individuals are in the realm of online adjunct faculty positions.
Adjunct Professorships Online
Online adjunct faculty positions are by far the most available positions for online teachers. A school may hire one person for a full-time teaching position and require that person to manage ten to fifteen online auxiliaries. This knowledge can actually increase your ability to earn an income through online education by forcing you to apply to more and more colleges and universities for online courses. In a very distinct way, you can easily decide which schools pay the most for your online education efforts and college degrees. This way you, the online teacher, become a sort of free academic agent with the opportunity to work for the highest paying schools. Additionally, as a free academic agent, you have the opportunity to maximize your time in the online classroom because you have the knowledge of the academic market that allows you to choose only the most profitable situations for yourself. It’s not always just about the gross amount you get paid to teach an online course; it is often more cost effective to teach online courses that use the same instructional interface since you won’t have to spend a lot of time learning how to navigate the schools online system.
To say that it is possible to put an extra thousand or two thousand dollars in your budget each month through online education is an understatement. If you have or will soon have the necessary college degrees required by an online college or university, and you take the time to learn and apply knowledge from the emerging online college markets, you can definitely increase your personal income at point that you can beat a recession with extra income from online education.
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