Micro-credentials against financial barriers
Enabling Financial Inclusion and Empowering Individuals with Micro-Credentials
The Benefits of Micro-Credentials for Individuals Facing Financial Barriers and, or have multiple responsibilities
The approach on how micro-credentials can help individuals from lower socioeconomic means and those that have multiple responsibilities.
Ways that micro-credentials can help individuals from lower socioeconomic means and those that have multiple responsibilities:
- Flexibility: Micro-credentials are often more flexible than traditional degrees, which can be helpful for individuals who have multiple responsibilities. For example, micro-credentials can be completed online or in person, and they can be completed at the learner’s own pace. This makes them a more accessible option for learners who are working full-time or who have other commitments.
- Affordability: Micro-credentials are often less expensive than traditional degrees. This can be a major benefit for individuals from lower socioeconomic means, who may not be able to afford the cost of a traditional degree.
- Relevancy: Micro-credentials can be tailored to the specific needs of learners, which can be helpful for individuals who are looking to gain skills that are relevant to their current or desired career. This can make them a more valuable investment for learners who are looking to improve their job prospects.
- Networking: Micro-credentials can provide learners with opportunities to network with other professionals in their field. This can be helpful for individuals who are looking to build their professional networks and learn from others who are already working in their desired field.
Overall, micro-credentials can be a valuable tool for individuals that may have an economic disadvantage and those that have multiple responsibilities. They offer a number of benefits, including flexibility, affordability, relevance, and networking opportunities.
Here are some specific examples of how micro-credentials can help individuals from lower socioeconomic means and those that have multiple responsibilities:
- A single parent who is working full-time may be able to complete a micro-credential online while taking care of their children.
- A person with limited education that needs to add to their resume.
- A student who is struggling to afford tuition for a traditional degree may be able to complete a micro-credential at a fraction of the cost.
- A worker who is looking to advance their career but does not have the time or resources to commit to a full-time in-class learning program may be able to complete a micro-credential that will help them to move into a new role.