Tuesday, June 15, 2021

Ways To Fund Online Study


Photo by Tran Mau Tri Tam on Unsplash

If you’re looking to get a promotion, change careers or just do something completely different, there’s likely to be an element of study involved. The great thing about modern technology and education is that it enables you to study in a remote setting at a pace that suits your lifestyle. 

While online studying often means cheaper prices, there are still costs associated. If you’re studying at a high level, these costs can really add up. So what options are there to fund your study online. 

Pay for it outright

Of course, the most straightforward way to do things is to pay the fees upfront. Depending on the course you’re taking and who you’re taking it with, this can be 100% upfront or split over a number of installments. Ask the course provider in advance what their preferred payment schedule is. 

Looks for grant of scholarship opportunities

Though not as common as they used to be, there are sometimes grants and scholarships available to those looking to study. These can be provided by the course provider or an external body. Often you’ll need to fulfill certain criteria and it’s often based around getting underrepresented groups into education such as women, mature students, or minorities into sectors such as healthcare, law firm, or teaching. 

Take out a loan

Sometimes the only way you can afford to study is to use some form of credit. Think very carefully before you do this and take into account how the repayments will affect your budget. In some instances, the learning provider will provide an interest-free payment scheme to let you split your costs into manageable payments. You’ll also need to work out if the career opportunities the studying will provide will ultimately benefit you financially in the future by helping you secure a better job with a higher salary. 

Ask your employer to contribute

If you’re already working and looking to study something that will benefit your existing career, then you could approach your employer. Showing that you want to invest your time and energy into making yourself better at what you do and ultimately help your company should hopefully free up any training budget they have. Check your employment contract to see if you’re entitled to any training funds or time off to study. Anything that can help you achieve your goals. 

Contact the course provider

If you’re worried about how you’ll pay for your study, then contact the provider running the course. Their policies aren’t all as black and white as they might look on the website. They will be able to advise you if they have any additional help for students that fall into certain categories such as a low income or parents returning to study. 

Key points

Committing to study is a big deal and can really help you achieve your life goals. But like most things, they cost money. Find the most affordable and convenient way for you. It may take some time and research, but it will be worth it. 

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