Wall-Street: How Aware Are We of the Value of Education? Only 5% of Romanians Put Money Aside for Their Children's Studies

Aug 25, 2016 admin 1361 views
Wall-Street: How Aware Are We of the Value of Education? Only 5% of Romanians Put Money Aside for Their Children's Studies

More than 45,000 young Romanians studying abroad at various educational levels, high schools or universities, and the number is increasing by approximately 20% per year, according to data previously provided by IntegralEdu, a company that provides opportunities to study internationally.

Wages in Romania Romanians often reach only to live from month to month, but the statistics still show that 35% of families have savings in Romania. So that only 5% of total special saving for children's education, according to company information.

"Although some parents already save to invest in the future children's education a few years earlier, most calls still to credit or other financing, or invest their current income to give children access to international education. We see that banks romania provides loans for studies abroad, which unfortunately require collateral guarantees, but still not introduced savings products specifically dedicated studies, "said Ana Maria Papp for wall-streeet.ro, department manager universities abroad, IntegralEdu.

Compared to other countries, where their saving for education is one usual, most economies in Romania it is totally other than educational destinations

Ana Maria Papp advises parents to save the time to support children's education.

"Essentially, investment in children's education is a period of a few years as a result of budget management and savings to be made responsibly and in time," said Papp.

Other financing options studies

Young people who really want to learn abroad could try to obtain academic scholarships, sports or arts or can hire a period before applying either in the country or abroad through a program of work and travel.

It also shows those in IntergralEdu, where master programs and MBA, a practice that has emerged in Romania represents loyalty programs to employees and develop their skills practiced by large companies, by funding these programs for their employees.

"There are various options available to young people in different stages of their study can turn to financial support through student loans or scholarships. Also, students may also take jobs part-time while studying to reduce them the financial pressure, others choose programs work and travel during the summer to earn money with which they can support further studies, "said Papp.
Cheap options to study abroad

For those who want to attend college abroad are the best type academy schools in the UK, where schooling is gratuitapentru some years of study, covering only family accommodation expenses and meals.

Regarding higher education young people can follow a free college in the Nordic countries, where taxes are fully subsidized by the state. Tuition fees are a small Netherlands, where a year cost up to 2,000 euros per year.

Also, Romans can head to universities in France, Germany, Italy and Spain have lower tuition fees for European students, varying between 600 and 3,500 euros per year.

Romans targeting schools with a reputation, but expensive

On the other hand, although more expensive, top choices parents remain Romanian education institutions in the UK, with tuition fees of 14000-44000 pounds in high schools, 8500-9000 pounds for a year of college and between 7,000 and £ 40,000 for master's or MBA programs. Here, but there is a well developed system of loans.

"As for bachelor and master students and students can apply for a loan covering if Graduating 9,000 pounds per year for tuition fees, and if master programs can borrow an amount of up to 10,000 pounds sterling can manage their money where you prefer (to pay tuition / support for living costs), "said Ana Maria Papp.

Representative IntegralEdu also said that education is a continuous process regardless of age, and those who in a certain stage of life, for financial reasons, are forced to continue their studies in Romania, their options remain open during their careers through further and their specialization degree programs, master's or MBA.


Aug 25, 2016 admin 1361 views