Bangalore: Earlier higher education system was very distant to access as there was only limited number of universities and colleges.  Today, the number of universities and colleges are opened under University Grants Commission for the coordination, determination and maintenance of standards of university education. But, you probably find it difficult when it comes to funding. As a lot of management colleges are competing with quality education, the course cost rises accordingly.

In one of the survey conducted for young parents by Associated Chamber of Commerce & Industry of India (ASSOCHAM) on “Parents wary of rising education cost of kids” for the education of their children has found an average 40 percent of the parents’ income invested only for children’s education. Most of the parents find it difficult to meet the education costs of their children. According to the report, due to cost factor 56 percent of the parents compelled to ask their children to stop extra-curricular activities like art class, dancing and music as they are more concerned about their children’s university studies. To pay for colleges, students have plenty of ways. To reduce the cost factor of your education, find out the most suitable ways, so that the burden will be deducted.

1. Educational Grants:

Without the assistance of college grants and loans, for many students attending college is only a dream. Most of you may not aware of how to secure college grants. Grants are ‘free’ money for your education in effect whereas education loans need to be paid back with interest. There will be certain criteria set out by colleges for the educational grants; an applicant must meet those set standards to be offered a grant. Also there will be many non-profit organizations or foundations to source your university funds. You can find out more information on available grants for your study from your university itself.