Increase your earning potential with Higher Education

The business definition of earning potential, according to bnet.com, is the amount of money an individual will be able to earn in his professional capacity.

One of the biggest expectations that everyone has always had from education is to increase earning potential. However, this has taken a whole new meaning post recession. It wont be an exaggeration to say that for many, the only reason to invest time and money on college education is to increase their capacity to earn.

What lends credibility to the phrase “the more you learn, the more you earn” is the data for median annual earnings by educational attainment released by the U.S. Census Bureau. According to the bureau, the annual income of high school graduates or equivalent is $27,448. The earnings start rising as the level of education increases, with those who have some college or an Associates degree making $33,838 per year and those with a Bachelors degree earning $47,853. The income of graduate or Masters degree holders is the highest at $63,174.* If there was ever a doubt in your mind about the significance of college education in increasing your earning potential, then surely these numbers should clear it.

Yes, college is probably going to eat up a considerable chunk of your parents savings or you might have to fund it by taking a student loan, but its an investment that is likely to bear rich dividends through your life. And there are several options available to suit everyones goals.

If academics are not your forte, it doesnt mean you have to rule out college altogether. You can still increase your earning potential by pursuing a two-year Associates degree in fields like healthcare or computers where there is a huge demand for trained workers. For example, an Associates degree in respiratory therapy will qualify you for entry-level positions as a respiratory therapist, whose average annual income is $52,200.** Now thats a fair deal in return for two years of education, wouldnt you say?

A Bachelors degree can boost these earnings further, especially if you are smart about the major you pick. There are some rewarding careers like accounting, computer science, and healthcare administration for which a Bachelors degree is the minimum qualification. A Bachelors degree will not just increase your earning potential, but also provide you a wider base of quality jobs from which to choose.

Needless to say, with professional and graduate degree programs like MBA, law, or medicine, the sky is the limit as far as earning potential is concerned. However, you should go down that road only if you have the inclination and the resources for extensive schooling that these professions require.

Taking a cue from students who are in a rush to join the workforce, many universities and colleges have also introduced accelerated degree programs that allow students to complete their post-secondary education in a shorter span of time than that afforded through traditional colleges and universities. Such degrees are a brilliant idea because the sooner you finish school, the sooner you can start making a living.

Whichever field you choose to enter, college degree programs can help you reach the next level not just in terms of a paycheck, but also the quality of your life!

*U.S. Census Bureau, 2006-2008 American Community Survey **Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Respiratory Therapists

Higher Education In India

INTRODUCTION

Declination of social transformation as a core function of education was presented in the report of the Indian Education Commission (1964-66), as follows:

“Implementation of the country’s aspirations to change the knowledge, skills and values of people in general. The changes in large-scale ‘is to be achieved without a violent revolution is the only tool that can be used – Education.”

Education: —

Education is the power of mind, knowing it is practiced purposefully and effectively.

Education discipline the mind, sharpens the intellect and improves the spirit. It creates and polishes rough diamonds known in multidimensional kohinoor sparkling with scintillating brilliance. Her development of an integrated personality, which itself is the ultimate wisdom. Its a continuous process.

Philosopher President Dr.Radhakrishnan (1948) said: “There can not be educated people without educated women. If the general education should be limited to men or women, that opportunity should be given to women, they are certainly the most to be transferred to the next generation. ”

HIGHER EDUCATION OF WOMEN: —

Higher education is defined as education after 12 years of schooling. Higher education for women, has received an expanded role and responsibility in the world. Today, in the 21 st century, we can not afford to ignore the importance of higher education for women any longer. The reason for its necessity and urgency is that there are no biological differences in the systems of men and women. Unfortunately, this important task of higher education of women remain neglected for centuries. The demand for higher education among women is becoming increasingly important, or the 3rd world countries where colonialism left a large force, affecting the education for the masses, and for women in particular.

GOALS OF HIGHER EDUCATION FOR WOMEN: —

To provide society with competent men and women trained in agriculture, arts, medicine, science and technology and a number of other professions, which will also be cultured people in towns with a sense of social purpose.

Strive to achieve equality in social justice and reduce social and cultural differences through the spread of education.

The need to increase education for women: men and women: —

Higher education can also be seen from the perspective of the needs of their customers. The term consumer is very wide and heterogeneous. It includes young and older men and women. In theory the need for higher education for men and women are equal. But some argue that men and women differ in their social and cultural needs.

The main argument, which provides for women’s higher education is not that higher education for women is different from that of men. Our main thrust is that in higher education, women should be equal partners. Our experience shows that, so far, higher education is still limited only to men. It must now broaden their horizons and include women. Commission on Higher Education for Women, University of Madras in 1979 rightly pointed out: “for men and women, higher education is necessary for the formation of character, ability to earn, creative expression and personal development.”

KEY FACTORS AFFECTING WOMEN success / failure in completing TERTIARY EDUCATION: —

Success:

a) women are strongly motivated to succeed in the education stream.

b) the merits of the education system allows women to Excel.

c) the prejudice against women in education has been reduced. Higher education has to be equated with the bride at a dowry. ”

d) Women’s University to encourage women in higher education.

e) Women’s expectations for education based employment is high.

g) Some courses of higher education provide scholarships for women.

g) Women students were provided with accommodation in some areas.

Disclaimer:

a) Female students are experiencing difficulties in access to transport infrastructure as a whole.

b) sexual harassment, as well as the occasional student violence hinder the completion of students of higher educational institutions.

c) marriage, in many cases leads to an early lift.

d) Gender stereotyping hinders the completion of training.

e) Financial difficulties can cause a withdrawal from the education stream.

f) Part-time work to earn living hinders research.

THE IMPORTANCE of this study: —

The purpose of the Indian society was also founded in the Constitution, is to achieve a democratic, socialist and egalitarian society. In such a society, women must fulfill their role as men. Their status in the structure must be equal to men.

Generally speaking, knowledge of which imparted through the Higher Education provides the skills for its practice. Our understanding is that by acquiring the skills of women, improving their status in comparison with men, as well as the situation in the group to which they belong.

In order to understand the situation of women, and for that matter for the understanding of any social issues, need to combine at least 3, namely the prospect. from a policy perspective, in terms of statistics and in terms of culture.

The present study aimed at finding a different reason for women wishing to enter higher education.

It seeks to find reasons for entry into higher education of women in terms of men, teachers, parents and the women themselves.

This will lead to an awareness of women in different ways their undergraduate education, and thus mark the beginning of a major process of empowering women.

To learn more about the problems that hinder the achievement of higher education for women.

Make suggestions for finding a solution to these problems in a rational and free manner.

To suggest ways of improving women’s colleges, including professional courses.

To examine the scope of higher education, where women have not yet stepped up and the monopoly of men.

To suggest suitable measures to ensure that higher education for women, that is, universal free time and distance effectively.

PROMOTING HIGHER EDUCATION FOR WOMEN

In the context of social policy in education should be improved.

Family and personal consultation at the stage of secondary education can be provided.

Higher education is skill-oriented.

Innovative programs for women, can be created.

Recent decline in state support for non-traditional higher education must be reversed.

Institutions can be physically accessible ie Locate them from potential customers, improving the transportation system, etc.

Universities should be more women, it is convenient physical changes, changes in training programs for social change.

Women’s representation in the institutions of decision-making bodies, may be increased.

Equal opportunities for commissions, institutions of higher education should be established.

The number of female teachers in the co-educational institution of higher education should be increased.

Scholarships, fellowships and scholarships may be linked to the positive action program.

Women should be recruited into administrative training programs for higher education.

A great role for women’s training centers can be provided.

Universities must provide placement services.

Barriers to women’s career entry should be removed, for example, employers must be aware of the value-free, childcare centers, etc.

Sexual harassment in the educational environment must be addressed.

A large number of female secondary school graduates, as a rule, can not enter the university. To take into account that the population would be in favor of strengthening the role of professional institutions. Post secondary vocational training institutions should take steps to encourage women to training line has traditionally been considered men’s preserves.

Affirmative action quotas should be provided in order to promote women’s access to higher education, where such quotas exist, should be reviewed periodically to ensure their continuing relevance.

Where quotas to specific disadvantaged groups like the disabled, people from remote or rural areas, indigenous minorities, as a minimum proportion to be reserved for women members of these groups.

Distance education and open learning institutions and practices should be encouraged, especially in higher education to expand opportunities for women in rural and remote areas, which would take into account their needs.

SUGGESTIONS FOR FURTHER RESEARCH: —

This study is limited only to women, students seeking higher education to Undergraduate in several professional and not professional colleges in the city of Chennai. The following are recommendations for further investigation.

1. A similar study could be conducted among graduate students and students of research level.

2. A similar study can be conducted throughout the State of Tamil Nadu.

3. A comparative study of factors affecting the entry of women in higher education may be between developing and developed countries.

4. A similar study may be an attempt on the various issues relating to higher education for women.

What is a Coverdell Education Savings Account

WHAT IS A COVERDELL EDUCATION SAVINGS ACCOUNT?

If youre starting to plan for your childs education, and wondering about ways you could start saving for college, then a Coverdell Education Savings Account might be a very good option for you to look into. Basically, a Coverdell Education Savings Account (ESA) is a tax advantaged investment account created as an incentive to help parents and students save for education expenses. Coverdell ESAs allow almost any investment inside including stocks, bonds, and mutual funds, unlike similar “529 plans” which only allow a choice among a number of state run allocation programs. Distributions from a Coverdell Education Savings Account are tax-free as long as they are used for qualified education expenses, such as tuition and fees, required books, supplies and equipment and qualified expenses for room and board.

GET A HEAD START ON SAVING FOR YOUR CHILDS EDUCATION

If you want to open a Coverdell Education Savings Account, its a good idea to start as early in the beneficiarys life as possible to reap the maximum benefit. Typically, a beneficiary of a Coverdell Education Savings Account must be under age 18, or else is a special needs beneficiary. The reason for opening an account as early in the beneficiarys life as possible is due to the fact that the total contributions for the beneficiary of a Coverdell Education Savings Account cannot be more than $2,000 in any one year, no matter how many accounts have been established, so if you are in a position to start investing in your childs education now, you might as well get started as early as possible.

NOT TAX DEDUCTABLE BUT NO TAXES ON DISTRUBUTIONS

Another important issue to consider is that contributions to a Coverdell Education Savings Account are not deductible, however money deposited in the account will grow tax free until it is distributed. There is no tax on distributions if they are for enrollment or attendance at an eligible educational institution. This benefit applies to qualified higher education expenses, as well as to qualified elementary and secondary education expenses. This includes any public, private or religious school that provides elementary or secondary education as determined under state law. Eligible institutions that can be paid from a Coverdell Education Savings Account also include any college, university, vocational school or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions are eligible.

WHAT ARE THE LIMITS OF A COVERDELL EDUCATION SAVINGS ACCOUNT?

While a Coverdell Education Savings Account offers great potential to save for your childs education expenses, there are some limits to what is possible that should be noted. For one, there are contribution limits for taxpayers based on the contributors Modified Adjusted Gross Income. Additionally, contributions to a Coverdell Education Savings Account for a particular tax year may only be made until the due date of the contributors return, without extensions.
If the distribution of a Coverdell Education Savings Account exceeds qualified education expenses, a portion will be taxable to the beneficiary and will usually be subject to an additional 10% tax. Exceptions to the additional 10% tax include the death or disability of the beneficiary or if the beneficiary receives a qualified scholarship.

Finally, if there is a balance in the Coverdell ESA when the beneficiary reaches age 30, it must generally be distributed within 30 days. The portion of a Coverdell Education Savings Account representing earnings on the account will be taxable and subject to the additional 10% tax. The beneficiary may avoid these taxes by rolling over the full balance to another Coverdell Education Savings Account for another family member. For more details, see IRS Publication 970, Tax Benefits for Higher Education (at IRS.gov) or call 800-TAX-FORM (800-829-3676).