Image From Pexels.com The coronavirus outbreak has forced universities to close their doors, which have been forced to make meaningful chang...
The coronavirus outbreak has forced
universities to close their doors, which have been forced to make meaningful
changes in the way they approach education. This semester, classes have started
online, so face-to-face interaction is out of the question. University students are getting the same education,
in spite of the fact that they’re forced to learn online because of SARS-CoV-2.
As a matter of fact, some students have more work coming up because professors
are making efforts to keep them engaged. Consider getting a Master’s degree.
Image From Pexels.com
Maybe you’re thinking about going back to school, but you’re not sure this is the right time. The unemployment rate is rising as COVID-19 is affecting different parts of the global economy. Take advantage of this opportunity to re-evaluate your career choice. Don’t be scared of the costs. Many educational institutions have changed tuition fees in response to the global pandemic. To be more precise, tuition fees have been reduced and even canceled. Unfortunately, not all universities have agreed to do the same thing.
In what follows, we’ll show you how to finance your Master’s degree in 2020.
Get help and support from the government
As mentioned in the beginning, some educational institutions refuse to cut tuition for online classes even if the global pandemic has had a negative impact on students. Taking classes online requires an investment as not all instruction can be conducted via Zoom and other similar platforms online instruction demands a big investment in course management software, which allows professors to assign tasks and monitor student progress. The point is that there’s no reduction on the horizon. You’ll have to pay the full price if you want to get a good education.
If you’re dealing with financial concerns, seek support from the government. In Canada, for instance, the government adopted a series of measures to support students to overcome immediate challenges. The Canada Student Loan Program provides relief for post-secondary education students who are in the impossibility of managing tuition fees and the costs of books. It’s worth looking into the matter. No matter what country you study in, there are options available for students like you. Don’t count on the fact that celebrities will use their fortunes to pay for your tuition fees. That’s wishful thinking.
A loan can help pay for school-related expenses
University education is expensive due to the need for new technology platforms, training, and online instructional support. You can take out a student loan, which helps cover some of the school costs. However, a personal loan might be a better choice because there are no restrictions on how to use it. You can use the money to pay tuition fees and additional expenses, such as grocery shopping, utilities (electricity), and Internet services.
If you haven’t had the time to build a credit history, don’t worry because you can still secure financing. There’s a special category of loans - bad credit loans, to be more exact- aimed at people who have a poor or limited credit history. It’s not necessary to put any assets as collateral, but there are limited options when it comes down to lenders. Pay attention to the interest rate when shopping around for a bad credit loan. If you succeed in finding a personal loan with a low-interest rate, you can use it to pay off your student loan. Anyway, make sure to do your homework and don’t rush into making a decision.
Explore scholarship. And grants
You have all the time in the world, so it would be a shame not to look into scholarship opportunities. Universities often grant scholarships to graduate students, which come in the form of financial aid. The aim of the scholarships is to lessen the impact of rising tuition fees and help students concentrate all their attention on their studies. If you were worried sick that you can’t pay for your Master’s degree during the COVID-19 pandemic, you’ve got something to look forward to. It’s expected that educational institutions will make an effort to offer more financial aid to those in need. Apply for a scholarship or a grant.
Given the current context, it doesn’t come as a surprise to find out that scholarship application deadlines have been extended. You still have time to apply. It’s not recommended to wait too long to request financial aid. Maybe you don’t need the money now, but things will change significantly in the months to come. The global pandemic is advancing at an alarming rate and many affirm that we’re heading towards a financial crash. The idea is that, in the future, there might not be funds available, so apply for financial aid while it’s still possible. There’s a tiny difference between a scholarship and a grant. The scholarship is awarded from various funding sources, while the grant is given to the university itself.
Explore freelancing opportunities
Freelancing allows you to make much-needed cash and focus on your education. You can’t work and study; it will take up too much of your time. The freelancing economy was doing pretty well prior to the coronavirus outbreak. Now, it’s growing larger. Why? Because companies are only looking to hire on an as-needed basis. If you’re not looking forward to taking a traditional job, you’re in luck. As long as you’ve got some decent skills, such as creative writing or video editing, you can land a project. The possibilities are endless just so you know. Figure out what you want to do.
By freelancing, you can make money and make sure your school projects are finalized on time. It’s important to choose your timings and rates carefully. The last thing you want is to be underpaid. You might have a hard time deciding upon your hourly rate. The money you earn should be enough to cover the monthly expenses. Since you have a higher qualification, you can set a higher rate. Good negotiation and communication skills are of the essence just so you know.