Higher education could be funded in three ways. All costs paid by government, all costs paid by students or students paying all costs through a government loan. What are the advantages of these choices?

Education

is said to be an investment into the future of individuals.

This

however

comes at a cost which could be paid by: the

government

, student or via a

government

loan, taken by the students. These means of payments have their merits and demerits. Where all the cost of higher

education

is paid by the

government

, it gives the students a sense of belonging.

Thus

, they realize the premium

government

has placed on their

education

and tend to give back as much as they can. In the

second

option, all the cost is paid by the students.

This

places the burden on the parents and places them in a position of responsibility.

For instance

, a parent with five children will have to save more to meet the needs of their

education

.

Consequently

, it helps the parents to plan properly.

Lastly

, in the case of financing

education

via

government

loans, the Beni fit here is that the students will have access to funds which they have to return at a future time.

As a result

, the immediate financial burden is taken off their shoulders. In conclusion, higher

education

is an investment like every other level of studies. All the payment methods have their advantages and should be utilized to achieve the desired goals.