Tuition

Tuition means instruction, teaching or a fee charged for educational instruction especially at a formal institution of learning.

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Tuition is charged by educational institutions to assist with funding of staff and faculty, course offerings, lab equipment, computer systems, libraries, facility upkeeping, and to provide a comfortable learning experience for its students.

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Some methods students use to pay tuition include:

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• Scholarships
• Bursaries
• Grants
• Parents' money
• Their own savings
• Government student loans
• Financial institution loans
• Educational institution loans
• Company funding

Most students who pay for tuition have fees that are greater than their savings. Thus, some students have to take part time jobs and/or take out loans. Those who take part time jobs worry about handling both the course load and working. Those who take out loans have to ensure they are able to re-pay or else risk bad credit ratings.

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Tuition: Historical and social content ►