Is a Gap Year For You?

5 Financial Reasons to Consider One...

As your high school life draws to a close, you are likely asked by family and friends the same, and perhaps dreaded, question: what’s next?

This is an important decision, and if you feel you’re not ready to make it, you’re not alone. That’s one reason why the “gap year” between high school and college or university is becoming more popular in Canada.

If you’re considering a gap year, here are five good financial reasons why it might be the right choice for you.

1. Find a paid internship
You think you want to study journalism, business or law, but are unsure of what is really involved in the field. Working at an internship in your chosen discipline allows you to try out the profession before you commit to studying it for the next four years of your life (and beyond). Plus, you can make money while you learn.

Another benefit is that by working for a year, you gain practical information about a particular area of study. This means the theoretical knowledge you learn once you go back to school is more meaningful, and can accelerate your education.

Continue reading other reasons to take a gap year here.