Online education is becoming a popular and convenient way for people all over the world to learn. You can earn an advanced degree and further your career, without having to quit your job, relocate, or waste time commuting back and forth to class. Online learning is also a great way for people who want to take just a class or two to achieve personal enhancement. Whatever your educational goal, online learning is right at your fingertips, but there are some considerations to take into account. Here are a few things to consider before beginning an online educational program that will help make it an enjoyable and successful experience.1. Define Your GoalsWhat do you hope to gain from your online educational experience? Are you aiming to earn a post-graduate degree to advance in your career, or do you simply desire to learn more about a certain field or subject? Know what your goals are before you begin looking for a program. This will help you find a school that will match your individual needs.2. Do Your ResearchKnow exactly what you’re getting yourself into. Utilize every resource you can to find out about different online programs that will help you reach your goals. Make sure the school is a legitimate, accredited institution. Compare tuition costs and program curriculum for different programs to make sure you’re getting the most for your money, and ask to speak with admissions representatives to get a better feel for which program is right for you. You can also talk to people in your field who have taken online classes in the past and seek their advice. It’s also important to remember that some “online” programs do require brief residencies at the university’s campus. If you don’t have the means or aren’t willing to travel, make sure you don’t enroll in a program that requires limited residency halfway across the country.3. Seek Financial AidOne major issue that keeps prospective students from reaching their educational goals is the potentially astronomical cost of education. Unfortunately, online education can be just as expensive as on-campus learning, but don’t despair. There are plenty of school-awarded financial aid packages, graduation assistance, work study programs, and government-funded aid that can help cut down the cost of your online education. Be sure to fill out the FAFSA and apply for any applicable grants and scholarships you can find to help make your education more affordable. You don’t have to stick to the grants and scholarships from the school, either. There are innumerable scholarships available every year for students. Ask people you know and use the Internet to search for scholarships you can apply for.4. Perform a Technology CheckYou’ll want to make sure you have access to all the technological tools you’ll need for your online program. Many online programs have specific computer requirements because of special software used in their classes. Find out what the requirements are for your program and make sure you have everything you’ll need. If you’re not sure how to go about getting your computer up to speed, ask a representative from the school or a computer savvy friend to help you. Make sure to do this before the class begins to avoid getting stuck and frustrated when something doesn’t work properly during your class.5. Stay MotivatedSome people find motivation harder to come by when taking online class as opposed to an on-campus class, especially if they are juggling work and family obligations with education. Be aware that online classes can be demanding, and finding time to do your assignments might be difficult. Be prepared to make sacrifices. If you’re tight on time or not a self-starter, make sure you set up a study schedule that will work for you and keep you motivated. This might mean you need to have a friend, family member, or classmate help you study or hold you accountable for assignments. Find something that works for you and stick with it. Remember why you enrolled in the program in the first place and constantly keep your goals in mind. Keeping your eye on the prize will help you stay focused.6. Take Pride in Your AccomplishmentsGetting an education online is a big undertaking, and one that should not be taken lightly. When you do well, don’t be afraid to be proud of yourself! Celebrate small achievements such as good grades and improved test scores. Tell people about what you’re learning and let them know you’re doing well. You’ll gain more support and feel great about what you’ve accomplished.If you think online learning is for you, take some time to consider your educational goals and plan wisely. You could be learning online in no time!
It’s that time of year again, students have bought their supplies, and are packing the classrooms. The cost of education rises every year, but what can we do about it? Here are some basic tips to help ensure your student is taking full advantage of the tax relief the government is offering:- Scholarships and bursaries are not taxable and not reported on the student’s income tax return when the student is registered in a program that entitles the student to claim the Education Tax Credit.- Interest paid on a student loan is eligible for a tax credit when the loan is part of a federal or provincial student loan program. The student cannot claim interest paid if the student loan has been renegotiated with a financial institution or has been consolidated with other loans. If the student has no tax payable in the year the interest is paid, the amount can be carried forward and applied in any of the next five years.Other tax deductions available to students:- Moving expenses – if a student moves more than 40 kilometres to be closer to school or to take a summer job.- Child care expenses may be claimed by the higher earning spouse/common-law partner if the lower income spouse is enrolled in a qualifying secondary or post-secondary program.- GST rebates – a student must apply for the rebate on his/her tax return each year.Other tax credits available to students:- The Canada Employment Credit on the first $1,000 of employment income.- A Tuition, Education and Textbook Credit for:- Tuition fees when students are enrolled in full-time or part-time studies and when the fees are more than $100 for the year.- An Education amount for each month of enrollment — $400 a month for full-time students (or part-time students with a disability) and $120 a month for part-time students.- Textbooks to a total of $65 a month for full-time students and $20 a month for part-time students.- A Public Transit Pass Credit for monthly or longer transit passes. Receipts are needed to make this claim.- Unused Tuition, Education and Textbook Credits can be transferred to a spouse, common-law partner, parent or grandparent when the student first uses the tuition, education and textbook amounts to reduce taxes payable in that year to zero. The maximum transfer amount is $5,000 minus the amount used by the student. Alternatively, any unused tuition, education, and textbook amounts can be carried forward indefinitely by the student.- Parents may claim for a dependent under 19 yearsYou can find out more about tax-saving strategies for students and everyone else in your family from a financial advisor.