Hey Arc Light,
The world of welding is a vast arena.....your processes & applications are limitless. Choosing an education is definitely advantageous to anyone contemplating getting into welding as a career. All knowledge is an asset and most assuredly would enhance your income potential. Personally, I would agree with Metarinka as to a more substantial level of value with an AA.....& that is not to demean either the Lincoln or Hobart schooling in anyway. Believe it or not, math, literacy, & comprehension play a very important role in your welding career.
I also strongly suggest some formal training in the metal fabrication arena, ie., sheetmetal, machining, tool & die, or any facet of metal manipulation. Each process intertwines with each other. The more you are experienced in each, allows an employer to surmise your value that would enhance their operation & PROFIT. Their profit is what keeps you employed & allows you to advance your skills & your value to them. If you could find work in a welding/fab shop, you would get your "feet wet" & really learn the fascination of metal. I live near Pittsburgh & I see several postings every day for shop work welding, so there are still jobs available. The question is whether you want to live in the city or away from the city..... any city.
Even though many are facing tough times with the job losses in the last year, many are still staying afloat & some have not been affected at all. It all comes down to your "value". You can never stop learning. Listen, I'm 66 now, semi-retired, very comfortable lifestyle, & after 47yrs welding, I still get up every morning ready for the new days' challenges. Welding & fab get into your blood.....you will know it. If you never get to know it, you are in the wrong career. I still work p/t at my employer & my home shop has been busy even more with the downturn with the economy..... everyone is fixin' rather than replacing......nice $$$ to be made.
Look into the mirror & just simply as yourself......"How bad do I want it?" Only you can answer.
Denny