Pursuing higher education is an absolute essential for one’s professional and personal development. But it can be financially burdening as well, which is why a lot of students usually find themselves stuck under bricks of student loans and debt. A lot of these students also move out of home at the same time thus only making the problem worse.
However, unlike Europeans and Americans, most South Asian students still live with their parents throughout their academic lives. Not only that, their parents usually end up funding all of their higher education as well. This is because a lot of these parents consider providing for their children’s education as one of their fundamental responsibilities towards a better upbringing for their children. Simultaneously, some teenagers also consider it a privilege to have their parents pay for their education – one which they duly take advantage of.
Nonetheless, speaking from a student’s perspective, there’s no harm in actually helping your parents out by making some simple decisions to relieve them of the financial stress they take on to educate their children.
Go for the best, cheapest option
Everyone dreams of studying at the best college or university in the whole world. Sadly, not many of those options are even close to home, let alone affordable. There are times when settling for something lesser than the best is the better option because the expenses of choosing the best schools can be financially burdening. Not just the tuition fee, but the added expenditure of traveling and living abroad can also be overwhelming.
Private educational institutions are a lot more costly than government ones – and not every government college is sub-par. But making use of the quality of education that is being imparted in an educational institute is more of an individual effort. A number of the names behind some of the world’s biggest corporations were college drop-outs after all.
Work hard for an academic scholarship
If you’re coming from a moderately well-off family, then this is of little relevance. But if you’re coming from a middle to lower class income background, then this is probably the best way you can save on a big slice of tuition fees and ease your parents as they cover the remainder of your academic expenses.
College scholarships are awarded on academic performance ad excellence – in short, merit. Though the number of scholarships being offered is generally limited, working hard towards them is still an option. It is of course equally important to understand that you don’t just get a scholarship overnight – it is a realization that has to be cultivated as you grow.
Take up a part time job
A lot of students tend to be overwhelmed by putting too much on to their plate while they’re studying. They feel that things might get difficult to manage and they just might end up compromising their grades. But a little bit of time management can fix that.
Taking up part-time work during your studies will help you add to your income and at least cover some personal expenses, if not some of your tuition fee. Though, depending on the job that you take up, you might actually be able to pay for your entire tuition fee as well.
If you know that your parents are working hard to pay for your education, the best thing you can do to ease them out of the financial stress is to cut back on your own personal expenses.
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