Which Careers Are the Safest to Pursue with Student Loans?

So, you’ve recently discovered that you’re eligible for a student loan, but you’re still dealing with the dilemma of which career path to take? Being indecisive during this stage is completely normal, as it’s a decision that’s going to affect every aspect of your lifestyle. However, if you’re trying to narrow the list down based on which jobs are most likely to help you pay off your student loan quickly, then you’d want to go with a profession that has a low unemployment rate – which means that very few people in the profession are unemployed. In essence, the lower the unemployment rates is, the more likely it is that you’ll always have a full-time job, which will be important if you’re trying to repay those student loans as quickly as possible. With that said, here are a few of the best careers for ensuring you don’t fall into debt:

1. Medical Assistant, Physician Assistant, or Medical Technician

Medical assistants enjoy an unemployment rate of 1.2%. Plus, the starting salaries and overtime pay are better than most jobs that you could find without a degree. There are also many certified medical assistant schools online that make it easy to earn a degree and become a medical assistant in as little as two years. Likewise, medical technicians have a 1.4% unemployment rate, and physician assistants have the second-lowest unemployment rate of any profession (0.2%). Furthermore, by choosing an entry level position in the healthcare field you’ll be in an ideal spot to advance your career with a master’s degree that will allow for a higher paying medical salary later on.

2. Farming and Agriculture

Farmers and agricultural managers have an unemployment rate of only 1%, which makes sense considering the increasing demand for food due to ongoing population growth. This career is also a good way to save money, as farmers are able to grow their own food to substantially reduce grocery bills. Furthermore, you may be able to obtain an agricultural loan to pay for equipment like solar panels and irrigation, both of which would increase your bottom line and decrease monthly bills.

3. Postal Service Mail Carrier

The mailman gets paid a lot more than you probably thought, earning an average annual salary of more than $56,000 while enjoying a remarkably low 0.9% unemployment rate. However, due to the popularity of email and other digital forms of communication, the demand for mail carriers is expected to decline during the next 5 years. Even so, it’s still a safe bet for a good job in any region, as the unemployment rate has room to rise while still staying comparable to other desirable jobs.

4. Chiropractors

This one surprises most people, but believe it or not the unemployment rate for chiropractors is only 0.1%. That means 99.9% of all chiropractors are earning income using their degree. For this reason, this is one of the best recommendations for a backup or side career, even if you’ve already got your eyes set on one of the other majors mentioned above.

Benefits of Paying Off Students Loans Fast

The primary reason to pay off your student loans quickly is to safeguard and build your credit, which will have a substantial impact on your financial stability and quality of life. In addition, paying it off quickly ensures that you’re not stuck paying thousands in interest over the course of 5-10 years.

Author: Richard Casteel

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Richard is the chief author of this blog. He worked as a financial advisor in money market form last 10 yrs. His financial sense in Share trading and any other trading is just outstanding. He just shares his knowledge and experience through this blog. You can contact him directly though CFD-Providers.com.

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