In many foreign countries, education is taken for granted. It is actually part of their culture that the government takes the hand of the students until after they have had enough college to earn a degree and become self sufficient in their economy. This is not the same tactic that American’s face when going to college.
Like the medical industry, you are probably going to owe an enormous amount of money if you decide to go to school. You can avert this by trying to get some of the many free grants for students that are available. Here are a few ways that you can get free money for college, just like the European students can. Unless you’re thinking of moving to a different country such as Canada, England, or France, you are probably going to end up paying for your college education. Some parents may front the bill for their children by virtue of their economic status in life.
One tip that all parents should consider is setting up an annuity or savings account when your child is born. By doing this early enough, they will have set up a nest egg that can cover the cost of college by the time their children finally leave for college.
Another tip that is useful to consider is that grants are kind of a salvation for people that are not lucky enough to have enough money to pay for college, or that do not live in a society that considers education something that should be paid for by the state or federal government.
Perhaps if our government would raise our taxes slightly, the prospect of having our children have a stress free and debt-free college education would become a reality. Until then, we need to educate our children on how to maintain their grades at higher levels and seek out grants that are related to their field of interest around the time of graduation or even before.
This will guarantee some sort of financial security over the course of their college career and in the end they will be thankful that you were wise enough to have prepared for their college education and that you instructed them on how to prepare and apply for the free grants for students that many companies, and our own federal government, make available.