Parents are indeed concerned about our education. Certainly, there are . It is the only thing that they can leave us even when they have reached their final resting place. With many controversies and issues that develop, this particular cliche is appropriate and applicable to all of us.
Surely, all of us aspire for a secure future. Most of us dream to excel in our chosen field – medicine, architecture, engineering, nursing, media and law. To do this, one must be able to finish their education.
Then again, earning a degree demands hard work and financial capabilities.
Some of us were born with a silver spoon in the mouth while quite a few doesn’t. Yes, education will make one successful. On the other hand, one must surpass all the challenges that come along.
The price of education varies from secondary to tertiary education. In tertiary education, we need to consider the course we want to take, the requirements needed to finish the course and other living expenses . This comprises the boarding and lodging fee, clothing and food expenditures. We can all agree, even in this advanced age, books are expensive. Medical related courses have expensive laboratory fees and needs; Art related courses have expensive needs too such as different types of paints, canvass, brushes and other mediums. This applies to other courses as well.
This time, we need to accept the truth that getting quality education is costly.
How do we adapt? Students are accepting part time work to finance their education. Some students that adhere to university academic standards have access to scholarships; student – athletes, student – journalists gain scholarships too. However, the scopes of these scholarships vary and are limited too. There are scholarship grants that are made available to students. Sad to say, the competition is high. What if you’re just an average student, doing well in your academics but not that really exceptionally great? Not really the athlete type or a campus journalist? This is not the time to worry but to take action .
Opportunely, there are student loans that students can take advantage of. Student loans can cover different shooling needs like tuition expenses, research fees and more. It also cover the entire university and student life such as dormitory fees, food, bills and maybe even allowance depending upon the loan provider. There are two types of student loans: Federal and private. Federal student loans, as the term conveys, is the loan administered and financed by the government through the US Department of Education. On the other hand, Private student loans are provided by the private sector which includes corporations, business owners, foundations, philanthropies among others.
What makes student loans different from other loans is that student loans are relatively lower and so is the interest it gains. Both types will give you a grace period of 6 months after graduation when paying the loan. Most importantly, student loan’s annual limit costs very fair and modest. However in private student loans, the amount and the items they cover varies and comes with many different packages and choices.
Piece of advice: When opting for student loans, make sure that it is appropriate to your financial capacity to prevent future debt.
