5 Ways to Fund Your Child's College Education

Did you know that the cost of a 4 year degree program is around $20,000 dollars per year.

The cost of a college education is probably the most expensive item in bringing up children today. When you take into account tuition fees, exam fees, living expenses, accommodation, books and computers it's not surprising that the average cost of college education is over $20,000 per year and that's before the social side of college life.

Today we live in a world where only the best educated and most prepared can succeed. The Job market is probably the most crucial and competitive element of our society and having a college education and degree goes a long way towards succeeding in it.

When our children are ready to enter the world of work it will be even more difficult and a college education will be essential to succeed. Here are 5 ways to fund your child's college education.

1. The usual method of parental funding of college education is out of current income, that is out of your weekly or monthly salary.

Whilst this is the most common method of funding college education it is one that only the very rich or highly paid can afford to do with ease. Even if there are 2 salaries most families find it difficult and will require sacrifices, even more so if you have more than 1 child. At best most parents can only afford to contribute part of the costs of college education out of current income. Additional sources of income will be required.

2. Your child can work his or her way through college.

Many students have to work whilst studying but many find the experience of juggling a job, lectures and a social life very difficult. Often the result is that students drop out of college education, fail their exams or don't do as well as they could.

3. Your child may have the opportunity to take out student loans to fund their college education.

Today the vast majority of students are forced to take out student loans to fund all or part of their college education. Usually to subsidize parental contributions, student loans are the most common way of students funding their own college education. Many students however, leave college with substantial debt and even with interest rates at historically low levels today's students can expect to have to pay substantial monthly repayments for many years.

4. Your child may obtain a scholarship or be entitled to grants from either federal or local funds towards the cost of their college education.

There are many sources of student scholarships or grants and with a bit of research most students today can find some grant funding. These sources however cannot be guaranteed for the future. Whilst scholarships and grants do not have to be repaid and as such are preferable to loans they are not guaranteed or predictable and therefore relying on them for our children is a risk.

5. Take out an education savings plan to fund college education.

An education savings plan is a regular saving plan into which you and your children can contribute. The plans are administered by colleges or state authorities and can be taken out for any child including a newborn babies. Because of the effects of long term compound interest the earlier you take out your plan the easier it will be and the lower your contributions will be. Because the funds are built up prior to going to college students do not have to rely on scholarships, grants or loans and they can concentrate on their studies.

There are a number of options to fund your child's college education but the only way funds can be guaranteed is by you taking out an education savings plan. With the education savings plan you decide what you can invest and your child can also contribute to his or her college education. With luck scholarships and grants will still be available as will loans to top up if necessary. If your child does not go to college the fund can be cashed in.

Taking out an education savings plan early will give your child the real opportunity of a college education and the best prospects for a job when they leave college.

Career Education

A competitive world motivates people to seek a higher education that can mold their future. Career education is a systematic program designed for students. It is a basic and increasingly relevant component of student and adult learning. It includes activities and experiences designed to increase knowledge of self, occupations, training paths, job searching skills and decision-making strategies.

Many schools and colleges provide courses as well as counseling on career education that helps in nurturing the ""whole person"". Career education programs are designed to enable students discover their potential. These programs focus primarily on three interconnected areas, learner, interpersonal and career development. Within these three areas, students acquire an understanding of their critical and analytical skills.

A comprehensive career education program enlightens students on the relevance of their school experience. It is designed to give students a jump-start in their career through exploration of a variety of career opportunities. It is also intended to ensure that each student receives a quality education to prepare for higher education and their first job in a competitive market.

The strategies of career education programs include career contextual learning, which emphasizes the application of academics in areas beyond the classroom.

The programs help students develop learning skills and strategies that they could use in the workplace. It makes them manage and become responsible for their own learning.

Online career education has grown in popularity. More and more people choose online classes over traditional education in the classroom. Universities and colleges are responding to this growing need by offering a wide variety of online programs, classes, and degrees.

Career education programs have proved to be very beneficial for students. They encompass educational plans that define their aptitudes, abilities and values. Students relate their abilities to specific careers and prepare a research project on an occupation, which matches their goals and abilities.

Education, Meaning, Aim and Function

The process of defining the meaning of Education is to problematize its lexicology and re-conceptualize it. An example is illustrated from real day-life. A multinational company involved in the making of advanced pharmaceutical products decides to get rid of its wastes in a cheaper manner rather then waste-treat them. They dump the wastes around the coast of a poorer African continent based on the company's policy of maximum profits. Are the board of directors in the company educated? They are, one can assume for rhetorical comfort. An illiterate, native-tribe living in the rainforest jungles of Papua New Guinea doesn't know the meaning of Environmental jargon: 'Reduce, Recycle & Reuse'; yet, they conserve and sustain the environment, based on the level of skills known to them. Are the people of the rainforest uneducated just because they are illiterate?

The problems connected with narrowness of meaning called Education emerge within the contextuality of the above mentioned examples, and the conceptual difficulties involved in attempting to centre meaning upon Education is by all means complicated. So the meaning of education has to emerge from this narrowness to the broadness of meaning. In its broadness of meaning Education is the process of 'stimulating' the 'person' with Experiences, Language and Ideology, beginning from the time of birth and continuing till the time of death. This meaning of Education would give rise to the Aim, as disseminating formally, non-formally, culturally, nationally, scientifically and ritually-skills, literacy, knowledge, norm and values, as pedagogies of the institutions giving rise to the aim. This aim would be directly related to the perpetuation of that Society as an ideological structure. Aim would again determine the Function of Education The function of Education would be thus related to how meaning and aims are synchronized into processes called experience of application. The thesis statement of this paper is developed on three levels-one, the meaning of education as the stimulation of person a with language, experiences and ideology-two, aim of education being dissemination and perpetuation, and three, function, as synchronized processing.

The development of the Meaning of Education as a stimulation of a person from birth to death with language, experiences and ideology makes the person, a Being of the process as an Ontology. This process starts right from birth as affective language, for example, a mother's cooing, to a process where the person becomes a cognitive structure, as I-the speaking subject or ego-subject. Here, the individual undergoes the norms, traditions of the society's culture and learns to adapt and appropriate the symbolic codes of the society. Along with this process, the individual also learns to formalize his or her adaptation and appropriation to a literacy process i.e. developing skills and competencies. Thus we find that the Meaning of Education to be multi-leveled as well as multiple -oriented, through both formalist and non-formalist institutions of society. The formalist institutions which procreate the Meaning of Education are the Schools, the Government, Law and Order etc. Other formalist institutions like family, religion and native-traditions can work both openly as well as silently to orient an individual to the meaning of experience as the educated. For example a mother's oral transmission of a folk song to the daughter is silent whereas a marriage function is a more open aspect as the performance of a culture's pedagogy. Thus language and experiences generate the codes for that society to experience the Meaning of Education, making possible for ideologies to exist.

Thus the meaning of Education would give rise to the Aim, as disseminating formally, non-formally, culturally, nationally, scientifically and ritually-skills, literacy, knowledge, norms and values as pedagogies. Dissemination would mean the spreading of the Society's cultural norms and values. It would also mean the spreading of Nationalism as democratic-pluralism, multiculturalism, diversity and celebration or its reverse as intolerance, authoritarianism through pedagogies; it is also the development of systematized pedagogies- promoted as theoretical and applied within the Society's Scientific and Technocratic institutions.

The Aim of Education would be directly related to the perpetuation of that Society as an ideological structure. The contemporariness of perpetuation would answer the questions related to the aim of Education being: empowerment, sustainability, preservation, minimization, conflict resolution, creativity and innovation.

The Aim of Education as well as the Meaning of Education give rise to the Function of Education as meaning, that is the synchronized processing of Aim and Function into a materialist, operational process. Synchronization of the Meaning and Aim of education takes places at various levels action. They are Making, Transmission and Implementation and Cultural-Simulation. At the Making level, the Function of Education is connected with 'Policy Formulation' related to the Meaning and Aim of Education. Policy Formulation can reflect on multiple issues like development, sustainability, scientific progress, promotion of rights, dignity and culture, energy management, disaster management, peace and conflict resolution. Once policies are made they are transmitted and implemented through the society's institutional structures like the legal system, the education system, the society's welfare management etc. Cultural-simulation takes place both formally and non -formally as society's religious, cultural and familial institutions. They perform many social and cultural roles within the home as well celebration or mourning for an occasion.

To conclude, it is pertinent to summarize the thesis developed that is, the Meaning of Education has been broadened to involve the stimulation of a Person, with Language, Experiences and Ideology. The Meaning of Education becomes vital to the Aim of Education as dissemination and perpetuation. The Meaning and Aim of Education becomes synchronized into the Function of education as Making, Transmission and Participation.