Post Tagged with: "Student"

Three Ways Scholarships Actually Help You

Students taking an examUniversity education can be quite expensive. No one can deny that. Even though Singapore and other countries may offer subsidies to encourage more students to pursue higher education, there is still the matter of books and budgeting for transportation and projects. It would be nice to get financial aid, wouldn’t it?

What you may not realise is scholarships in Singapore do not just cover your financial expenses. In fact, it offers three essential benefits.

Financial Aid

Perhaps the most apparent benefit of qualifying for a scholarship is getting financial aid. This is the most important aspect to cover so that you can focus on studying. If you know you can afford to finish the term, there is one less worry on your mind. Some scholarships also cover more than just the tuition; they might also provide an allowance, which helps Singaporean students live a decent college life.

Confidence Booster

A scholarship is not just about the money. Because of the qualifications you need to meet to get a scholarship in the first place, it becomes a source of bragging rights. Even if you are not the bragging type, you still feel confident in your skills knowing that an organisation believes you are good enough to receive such a scholarship. Parents may also offer good praises and be more proud to talk about you, which gives a significant confidence boost.

Connection Maker

Your affiliation with the organisation that funded your education does not end when you graduate. They may open opportunities for employment and even connect you with individuals who also started as scholars for them. Though this does not mean you get special treatment in job applications, this validates the skills you have. Being a scholar from a particular organisation gives credibility that goes with your good grades.

For many, it is already enough to have the scholarship to fund their education. But wouldn’t it be nice to know it offers much more than financial aid?

March 2, 2018 at 1:00 amStudy Section

5 Budgeting Ideas Students Should Consider While on Debt

a student posing with a piggy bankHigher education in the U.S. is one of the most expensive investments a person could have. It continues to increase every year, leaving 44 million people in debt. What’s worse is that many people, including senior citizens, are still tied up to their student loan debt. Nowadays, students will have to spend between $9,650 and $49,320 annually to complete a four-year college degree.

Expensive as it may seem, there are ways students can do to save funds and greatly reduce their debt while in school.

  1. Students may consider writing all their fixed expenses and source of income. This is important especially if the parents of these students in Utah used to take cash and payday loans for them to determine where they could adjust their spending. Usually, rentals, food, and allowances are some of the fixed expenses of students.
  2. Academically achieving students may consider applying for scholarship grants or other programs in their school to reduce college cost. Schools also offer grants to achievers and athletes.
  3. Exert effort to lessen daily expenses. There are students who learn to cook and bring packed lunch instead of eating in costly restaurants that are often unhealthy. Vices like smoking and habitual drinking should also be avoided as those are just waste of money and bad for the health.
  4. Try looking for some menial part-time jobs. Students may want to scour the internet for easy clerical jobs for them to maximize their idle time. It will not only earn them additional income, but it could impress some potential employers if part-time jobs are indicated on the resume.
  5. Students may want to re-evaluate their belongings and sell the things they no longer need. This is worth considering for students who want to declutter their place and at the same time earn a little by selling old books and other things could still have some value for other people.

Currently, student loan debt has increased to more than $1.45 trillion, and if you are a student, you may want to reconsider your budgeting to break free from such debt.

January 11, 2018 at 9:26 amMind of Money