When it comes to finances in the Indian context, theparent-child bond continues to hold a great amount of sanctity. Parents devotemost of their earnings to protect and provide for the children for a major partof their lives and in some cases even after their wedding.
But at some point, it¡¯s important to take a step back andfathom the amount of financial burden your parents have been shouldering foryears. Many parents dedicate the funds meant for their retirement, to fulfiltheir child's dream of studying in a prestigious institution in India or aboard, while some burn away their medical buffer to spend for a lavish wedding.
However, it does not have to be so. In the West, parents more often than not, let go of their child's¡¯ financial dependencyat an early stage. But this trend is yetto pick up pace in India. While parents would never utter a word on the amount ofstress they are dealing with, there are ways to simmer down that pressure. One of the biggest steps is to find waysto fund your own education. Yes, it is a task that necessitates a lot ofresponsibility and maturity, but we all know that anything is possible with alittle bit of hard work and a well charted out plan. For those looking forhelp to fund their own education, here are a few handy tips to start off.
There are multiple options for students looking to find anindependent source of funding their higher education, and one of the mostpopular modes is to pick the right scholarship or grant. While some are basedon merit others are oriented towards your situation.
?Applying to more than one scholarship automatically means ahigher chance of getting selected for one, and better chances of financiallysecuring your college education. School and college students especially fromfinancially weaker backgrounds can benefit a lot from scholarships. These canbuild confidence, increase exposure, and also give you a better idea of what toexpect in the job industry after passing certain courses.
In India you can apply for the following scholarships during February 2021:?
Dr Abdul KalamScholarship for Medical/Engineering Aspirants, National Talent Search Exam(NTSE), Jyoti Kalash Scholarship 2020, Mi Scholarship for Class 11 and 12Students 2020-21.?
When it comes to applying for scholarships cast your net aswide as possible to stand a better chance at landing one.
If you are following the path of being financiallyindependent during your college years, looking for paid integrated programs isyour next best option. Several Indian universities offer a monthly stipend tostudents. Look for universities which offer such programs.
Apart from just the monetary support, part-time jobs willhelp you get familiar with workplace responsibilities before diving into a full-blown professional life.? Students whoare pursuing their studies can take up many part-time jobs at home, that they can pursue after their college day is done. If you are an expert in any subject, you can take up onlinetutoring as a part-time job, you can do this while sitting at home throughonline facilities. Those who are passionate about writing can think aboutpart-time content writing jobs. This will even give you a lot of experience, and increase your chances of getting placed after pursuing your education.
If you are looking for more money while pursuing education,then you might also want to look up affiliate marketing.?Part-time jobs don¡¯t always have to be in office. You canlook for online freelancing jobs where you can?build your profile, and learn and earn at the same time.
Financing college fee is not easy in a country likeIndia where the cost of education is soaring day by day. College costdoesn¡¯t include only paying the college fee, but it includes a high tuitionfee, hostel charges, and other fees related to projects and day to dayexpenses. The cost of education is on the rise these days and opting for aneducation loan seems to be catching on.
There are numbers of ways in which you can avail aneducation loan. You can either go to the respective bank and inquire about theloan process, or you can apply online. Once the loan is finalized, the bankwill initiate the process by collecting your documents, evaluate the course ofstudy for which you wish to take the loan and then keep you notified. Whether astudent wishes to study in India or abroad, the Indian Government has takenmany initiatives to lower rates for student loans in collaboration with the RBIand Indian Banks.
?Saving money gives you the freedom to do what you want to do, and more so when it comes to securing your future. For those hoping to fund their own education, getting a job before leaping into a course is one of the best strategies. Look for paid-internships, part-time jobs? that suit you and get started on the habit of saving to aide the goal of funding your own education.? ?