Maybe it is the dire reflection of a prolonged bad economy. Today’s college graduates are not only out of jobs. They also burdened themselves with a hefty debt load. So far college students, past and present, have borrowed nearly a trillion dollars from Uncle Sam.
Like many others, I also think education is a most worthy investment. Despite all these “i” inventions, what we learned and experienced from and at the schools will never be out of style in our life time. And the government’s intention was at the right place when it decided to help students who were not as well financially endowed as their fortunate peers. Therefore, if we are determined to equip ourselves with additional schooling, borrowing from governments to finance such undertaking is the way to go.
However, there are also other alternatives that can help us besides borrowing from the governments.
The first one comes to mind are the scholarships and bursaries that universities offer to their students. So before plunging into the sea of red ink, the would-be students should check out their prospective school’s website, they will be surprised as to how many financial aids are available there.
Private foundations are also promising sources for financial assistances. Once I heard Brenda Gates, co-founder of the Gates’ family foundation, told a news reporter that among many other humanitarian works her foundation did around the world, it had also awarded thousands of scholarships.
The second alternatives to finance a college degree is having a part time job or attending night schools. This working/studying arrangement may take us longer to get our desired degree, but it does give us some autonomy. And it seems to me to be the most popular one among many mature college students.
And I leave my favorite one to the last.
The best source of financing higher education is the family’s bank account. We all know most of the parents would definitely loose their purse strings for their children's higher education. Many of them sacrificed their own comfort and well being, so they can help their young family members prepare for a better life ahead. - Ayee
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