Due to a global economy depression many students and employees are seeking for a higher education in order to acquire a limited number of quality jobs. However, since the higher education such as a master degree course requires more tuition than the mandatory education, many people also wondering which way to fund the expense is the best one for them. I would like to discuss about three funding ways for the higher education in this essay.
Firstly, the tuition can be funded by the government. In this case, the whole tuition is covered by government which assigns a big portion of the yearly budget on university education. With this support, students do not have to worry about the expense so that they can focus on the academic achievements. For example, in some northern european countries the tuition for a master or a doctoral course is free and as of a result, they are knowned to be the most fair education providers in the world.
Secondly, all education expense can be paid by the student. This way has a certain benefit. As students pay by themselves, they get to know the reponsibility for what they paid and therefore they are motivated by the monatery issue. In order to earn more than they paid, graduates become eager to seek for highly paid jobs by studying hard and this leads to the better brain pool in the job market. Moreover, the government can fund education instittues for the better research environment such as the state-of-art develop machines or buildings by not funding indivisual students.
Last but not at least, students first can borrow money from the government and pay it back later. By this loan students are able to study wihtout worries for their budgets and at the same time enjoy the low interest rate guranteed by the government. Moreover, students will be eager to get a job and working hard to pay back the loan which leads to the decrease in the unemployment rate of a country.
In conclusion, as above each way has its own benefit but I think that self-funding by students are the most effective way when it comes to academic exellence and efficiency in the future career. Since motivation is a key factor to not only study but also to the market principles, by paying the tuition a student will gain a valuable perspective of the life.