A Personal finance blog for saving money and earning more and thus having a better life
Are you interested in education saving plans? Do you want to know which one can offer you maximum benefits? Then, you’ve landed on the right page, as this article focuses on the key features and discusses the popular types of saving plans.
As you might already know, there are numerous types of education saving plans. The majority of them come with specific features. Thus, if you are new to this industry, you might find it hard to choose the right option that fits you.
Most students have to operate on a tight budget. Whether you are learning on a grant or you are being g sponsored by your parents, it is common for students to lack money. I remember my student days, where we were on a tight budget almost the whole of student life. We used to live out of noodles on days when the dorm kitchen was closed for some reason. We used to pool money for buying books and supplies.
I studied in India we had subsidized education there. I didn’t have to take a loan to study tuition was negligible, all we had to pay for was the living expenses. But still, as my father was retired I didn’t have any other choice but to make every penny count. Now my nephew just got into a grad school. He’s studying in the USA, he got all the scholarships available for him. But still, the loan was not small.
Unprivileged high school students thinking of getting a university degree or people who completed a certain degree and are now contemplating to pursue a different profession usually find it difficult to finance their higher education.
This is due to the fact that higher education is becoming increasingly expensive, and the unfortunate thing is that quite a number of individuals are not in a position to afford it.
Studying abroad is a great experience, and if you have an opportunity to go study somewhere outside your country, you should definitely seize it. But if you do want to approach this wisely, you need to keep a lot of important things in mind, from how are you going to take care of yourself to how are you going to spend money.
Sadly, not all of us have good money habits when we go to college or start studying abroad. Those things are rarely taught in schools, so unless you’ve read some good books, received great tips from your parents or have good money handling skills on your own, there’s a chance that you might struggle with both budgeting and spending.
College is an exciting time for students because it marks a new level of independence in their lives. The flip side of independence, they say, is responsible and without the constant supervision of parents, a number of financial mistakes a college student makes. College students must carefully make numerous decisions that have the potential to impact the rest of their lives.
The new status of these students, who are now legally considered adults, can be challenging financially. Fortunately, the biggest challenges can be addressed with a bit of effort. Here are a few basic mistakes that, if avoided, can help college students sail relatively smoothly through to their graduation and beyond.
Information technology has over the years advanced and consequently offered the society new ways of doing things that are more reliable and cost-effective. Online degrees have particularly become very common because of ease and associated lower costs. Here are more reasons why you should consider taking online degrees.
When I was in college, the concept of online education wasn’t there. Distant learning was an option but that was nothing like attending live classes from your computer and hearing the professor explain things. So online education did not only fill-up the drawbacks of a distant learning but also, brought the whole learning thing inside our home.
The other day I was consulting my cousin. She wants to come to the United States for higher studies. I did some research for her. This post is an output of that research. There are careers, high paying ones, that don’t require you to have a college degree. 
On the other side, there are careers which do need an appropriate college degree? For me, I am from an orthodox family which always have advocated for education. Even knowing that career can be had without a degree. Even when my father didn’t have enough money to send me to college, he encouraged me to do so. Luckily the college I was admitted to had govt. subsidized education system.
As for my cousin, she’s been an excellent student all throughout her school. I am sure she’ll get scholarships as well. What about you? Or your son/daughter? How are you envisioning the career search? Will you go for your desire? Or, you’ll go for a career with a high potential for earning.
No one wants to graduate with a huge student loan, so why not think about reducing it whilst you’re still at college, and/or immediately after you graduate. That way, it’s not hanging over you for years?
Reducing Your Student Loan The Smart Way
The burden of student loans is much heavier than it was a decade ago. On average, a college graduate today has about $25,000 in student loan debt. In 2005 that figure was mere $10,000. Education is going to me costlier over the years. So, what should a student do?
Each year, 20 million students attend college in the United States, and approximately sixty percent of those students borrow money to cover the expenses of tuition, textbooks and fees. With college being the first major financial decision many young adults make, you’d be surprised to find out how many are genuinely confused about the application process. Many do not consider that the amount borrowed and the interest rate of the loan could impact your finances for the rest of your adult life, long after college is over.
For those who are confused, the basics are this: the average student takes out nearly $30,000 in student loans over four years. With an interest rate of 9% annually, the student can expect to pay nearly $15,700 in interest over ten years, if it took them ten years to pay off the loan. That is a lot of money in interest, over half of the original amount borrowed. The monthly payment on this amount would be $380, which is a lot for someone right out of school and making entry-level salary.
With the growth of Internet and social networking sites, there are more and more home-based businesses that are mushrooming all across the globe. These home-based businesses can range from small-scale to medium-scale, and there are many home-based businesses that have grown to larger proportion.
When you run a home-based business, it’s more often than not a one-man show. You run everything from the ground up. Some people tend to have a natural knack at business and some of them don’t. But with the prolific growth of home-based business, there are many things a home-based business owner can do to make sure that he or she gets the right tools and help in running their business.
