How to afford your new degree

Having identified what subject area you wish to pursue, the next question is based on affordability. It is important to be able to afford your degree with financially draining your family or yourself.

Scholarships

In Sri Lanka, we are lucky to have free secondary and tertiary education. However, when it comes to tertiary education, free education is only for the very best. Due to the high competition and limited places available with the national university system, you must be amongst the smartest and hardworking students in the country in order to deserve a place. Private universities offer limited scholarships and therefore, if you study hard and commit to excellence, you may be able to get a scholarship.

Study Locally

Even if you select to study in the most expensive private university, it is cheaper than going abroad. Food and accommodation in your home is generally free of charge, and even if you need to stay on rent, it’s possible to find a place for a reasonable fee. Semi government institutes that are formed by an act of parliament also offer high quality education at a fraction of the price of the private and foreign universities. For those who question the quality of these institutions, remember that it is the same academics who would also teach at the private universities!

Pathway Programmes

If you are set on going abroad, a pathway programme is a more cost effective option. The possibility of completing part of the degree locally will reduce the cost by a considerable amount.

Education Loans

Most banks offer education loans. Consider the interest rates, repayment options and select what suits you best. Just like the many education institutes available, banks and education loans are a dime a dozen. Therefore, be picky! The options are plentiful.