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The college or university education are various in ranges of quality and expense. In some countries, it may get people trapped in debt for entering the college. Some planning to save money for college is needed to avoid you from being trapped by the educational debt.
I have left the campus life 20 years ago and my children have not reached the time to decide about college yet. However, I often hear the high expense parents need to make when the children want to enter the college or university. For me, it is not logic at all that we have to pay a lot for something that is uncertain in working income. Anyway, this high expense should be made for better chance in better life. Therefore, I start to think and plan some ways to save money to college for children.
It is not only for myself, but I also share with children so they can have opinion and follow the planning to save money for college.
Go to The National University
Going to the national university or college is much more economical rather than entering the overseas colleges or university. When you calculate on a piece of paper, you might find that the overseas universities or college have similar cost with the ones in the country. However, you need to think further about the life expense. Well, I am not dared enough to calculate the life expense that will reach two or three times the educational cost itself.
Therefore, if you plan for your children going to the university or college overseas, you need to be ready with the budget that includes the life expense. Don't leave it alone.
Look for Online Degree
If you are thinking for the overseas university or college, it is better for you to take the online degree. However, you might still require to attend the lessons several times physically. Anyway, it is much cheaper than having to live with the two times as much as the education costs.
Get a City with Lower Expense Standard
I think like my parents to let the children stay in other city so that they would be more independent in their life. Well, I went to university in other city, even different province. Luckily the university where I attend has lower expense standard that doesn't make the purse screamed. I stil could live not as tightly as other people who went to city with higher expense standard. The headquarter usually has more expensive standard of life.
Do Part Time Job
Part time job is not always good for college or university students since it will usually lengthen the learning period to pass the education itself. However, we won't be able to avoid it when the financial condition is limited. One thing that children need to remember about the part time job, they need to be able to measure the limit so it won't make them left out in their study.
Try to Get Used Things
I used to shop for books and equipment for college in used product market or store. It really saved my money. For books, I covered them with either wrapping paper or the plain part of the calendar paper. Then, I get the local photo copy kiosk trim the edges of the paper or books to make them look tidier.
When I had to get some tools which were used not too often, I will try to borrow from my senior in the boarding house or any other relatives.
Get Financial Help
You might also get some financial aid from several social institution or company that has such program.
- Browse in the internet
- Look up the newspaper
- Ask people in church
- Post a status in the social media group or account
- Contact some college or university
Ask for Promotion Entrance
There might be some promotional price for early bird registration or for students with certain level of achievement in either academic or skills. You can ask the college or university to get that information. It will not help a lot with the whole year expense, but it will save some money that you can use for other purposes.
Look for Economical Colleges
There are usually some levels of college or university in your country like what we have here. The public colleges are more economical than the private college. Among the kinds of colleges and universities, there are several classes or stages as well. Try to browse for the information. Of course, you need also to compare the facility and the qualifications. Don't get the worst one or you will feel sorry in the future.
Urge Faster Finish
Many students in the college or university graduated late when I was in that era. They didn't think about early graduation with several reasons. For me, I had to graduate as soon as possible to save the money and to get the chance of more serious and better work earlier than others. You might urge this point to children since they are young.
Apply for a Scholarship
Applying for a scholarship will be a good strategy to save money for college. There are some requirements you need to notice to apply for a scholarship. You might look up the information for regular or annual scholarship with the condition or requirements. There are full and partial scholarship that you need to notice.
At this moment, Carson-Dellosa is giving away up to $2,000 for children education. I am compensated for my time to create the post. I love the ebooks of Carson-Dellosa and it is great to test your luck in Carson-Dellosa College Savings Giveaway. This giveaway closes at the end of May 2016.
Checkout the chance by clicking the image bellow:
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Adelien Tan is a mother of three awesome boys and a wife of a great husband. They are a home education family who live in Surabaya, Indonesia, where home education is still very rare. English is her foreign language, but She tries to use it in blogging.