Investing in higher education

Investing in higher education

There is no dearth of options to top up one's paper qualifications.

Private schools - several of whom have partnered reputable overseas institutions - now offer an array of full-time and part-time courses from those institutions, including universities. The fields of study range from accounting to advertising.

But the desire to succeed in the paper chase is just part of a matrix of factors that working adults should weigh before taking the plunge.

Look before you leap

One issue is the degree of financial commitment, which runs into the thousands and varies widely depending on the course and level of education.

To relieve the cost of study, several private schools offer access to bursaries, grants and scholarships. Banks furnish education loans too, and offer credit cards with interest- free instalment payment plans.

Mr Albert Lam, the managing director of investment and research at IPP Financial Advisers, says that a student can consider study loans to defray the cost of a programme.

But the borrowings "should not be used to meet financial obligations concerning the day-to-day expenses that might be incurred in pursuing the programme".

A working adult should also consider the loss of income and "the ability to fund any existing commitments on partial or no income" if he decides to study full-time.

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