Welcome to Teen College Education, A Secret Guide to College Admissions and High School written from the experience of students and experts. Enjoy!

16 May 2013

Other Ways to Pay for College Besides Loans and Scholarships


 
Most parents rely on loans and scholarships in order to manage their child’s education expenses. In reality, there are other options, but few people are aware of them. Therefore, this article can help to highlight some of the options that can be beneficial for you. It can be useful if you’re looking for options to pay off college debt without complicating your financial situation.

Here are some of the effective tips to pay off your college debt without relying on student loan or financial aid:

1. Stocks- Beneficial for your college savings portfolio: Tuition costs are incessantly increasing, faster than inflation. Therefore, stocks are considered to be the best way to save enough for the long term. You can start saving today to secure the educational future of your child. Therefore, parents can save money for a child who is approaching college age. You can effortlessly shelter your returns by switching your money into more bonds and cash. Once the bonds are matured, you can pay for college expenses with ease.

2. Section 529 Plans: Can be an effective solution to your problem:
Section 529 plans are popularly known as the Qualified Tuition Programs (QTP). This plan is considered to be the best option for saving for your children’s college education. You can effortlessly use your savings to pay off your educational loans without relying on additional loans or other financial aid programs. Prepaid tuition plans and college savings plans are two types of programs under section 529 plans. When you opt into prepaid tuition plans, you lock in future tuition rates at in-state public colleges at current prices. It’s usually guaranteed by the state. However, college savings plans are not rigid and do not offer a guarantee.

3. Savings Social Networking Programs: Social networking sites encourage friends as well as family to contribute to a child’s college education. Some programs are designed for the donor like updates on the child's academic progress. Therefore, the contribution of the donor can be used to encourage the student to get good grades and succeed in school.


4. College Savings Bank: The CollegeSure CD is an FDIC-insured certificate of deposit that is aimed for the purpose to manage college expenses. This certificate is offered by a college savings bank. The interest on this CollegeSure certificate of deposit is similar to other CDs. The interest percentage is fixed for average college costs at maturity. Once a CollegeSure CD has matured, the family can use the principal and accumulated interest to pay off college expenses.

5. Education Bond Program: Interest on certain savings bonds is tax free with the help of the Education Bond Program. Therefore, when you redeem bonds to manage higher education expenses, these savings are tax free.

Keep the above mentioned options when you’re planning to manage higher education expenses and want to use more than just loan and scholarship programs.  

14 May 2013

Story of Education - Student's Perspective


Hello my name is Matt and I am about to share my TRUE story of education
Childhood – Concept of Education
Since my early days of schooling, I was never into education like most of the kids. I tried my best to avoid studying, as much as possible, and spent time playing games. This is because of an obvious reason, that I found games more attractive and enjoyable. At this stage, I never thought of the advantages of education, and I think I wasn’t even told about that. All I was told by my parents is to socialize, enjoy with friends and teachers in your class. To sum up, it never makes sense to go to school till the 8th grade.
High School
Things have started to make sense but the world is not easy to conquer! You have to sacrifice a lot to make sure you stood good in class; you have to be very strict with schedule, life, and plans. However, this stage has almost the same intentions as childhood but with a bit of a knowledge that education is going to play a vital role in life!
Normal Concept of Teenagers about Education - College Life
This age seems to be more sensitive because:
·       Students are not that much in control of parents
·       Life seems to be more beautiful than ever
·       Your friends / social circle is very influential for you
·       And the most important point, students try to earn! Which is good for them and parents but it comes up with a whole new package. I personally think that the more you are exposed to jobs, the more you have the potential to get away with education.
Every student is not sharp, intelligent, and has the ability to maintain balance. I have a few friends who always wanted to earn more (I wish if they wanted to Learn more), and they did against the cost of their education for a specific time frame. But when I was done with the engineering degree I was earning far better than all those who didn’t pursue their education or is some cases hardly done with an associate degree to start earning as soon as possible. All of them were looking for a short term plan!
                                                                                         

Student’s Concept about Education
Even at college and university life, students were not able to understand the importance of education. For me, education is just to have a better career, and this reason is good enough to pursue for my engineering program!
What Actually Education is?
Education is not only about what degree you have. I have a strong believe that education gives you “vision” which is priceless. My parents used to tell me all the time that education will make you a man of honors and respect. This never makes sense for me. Now when I realize that education has actually makes me think like a sensible person. It not only makes you learn a skill and pursue a successful career, in fact it lets you make sensible decisions in life. The more you use your brain the better it will have thinking ability. Education is such a great things that it always reflects in you (from you work, family, decision, and analytical skills!) Also, that doesn’t matter which career path you have selected, the more you learn, and the better will be you!
The above mentioned point is the top most benefit of education; this is the difference that even differentiates between a proper four year bachelor graduate and vocational degree holder, which concentrates on a specific skill set. The purpose of wide range of courses in a bachelor degree is to create a coating of education on students.
Engineers, doctors and other professions that require four year degree program has a strong reason. I have done software engineering and during my span of four year degree program, I studied forty courses (5 per semesters), among those 40 courses, only 25% courses (10 courses) ever specifically related to software engineering. Why? Why I don’t just go for those specific 10 courses and get an engineering degree? This is because engineers and other four year degree program holders are respected more, not just because they have a specific skill set from specific courses BUT they have more analytical and mental capabilities, which is achieved thorough the continuer years of effort!
In short, you have to pay to get something, and what you pay for education is not even close of what actually you get! It’s priceless!!!

About Author:
Ronnie Williams is a staff writer for AskForEducation.Com, offers information on accredited online schools. You can follow Ronnie on twitter @askforedu.

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