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Back to school How mature students can fund continuing education

Back to school: How mature students can fund continuing education VANCOUVER – When Kear Porttris decided to pursue a university degree in 2010, he had to contend with responsibilities that don’t cross the minds of many freshman straight out of high school, including paying his mortgage and feeding his daughter.Mature students who return to education have much more complex financial lives, experts say, and determining how to pay thousands of dollars in tuition, books and other expenses can be tricky. But with proper planning, a university degree can offer a good return on investment.Money coach Melanie Buffel, who returned to complete her MBA as a single mom more than 20 years after finishing her last degree, says adults must plan carefully before returning to school as a mature student.“There’s a lot of homework,” says Buffel, who works with Money Coaches Canada.She suggests prospective students should first add up all the costs of school, including easily overlooked items such as additional childcare and transportation.With a clear picture of how much money is needed, the next step is to determine whether to work full-time, part-time or not at all during their studies.Continuing to work can be good for more than just a paycheque, she says.Some employers will help fund continuing studies — usually so long as the worker remains with the company for a set period of time after graduation — and may continue to provide various health and life insurance benefits.After estimating how much they’ll earn while in school, she says, students can determine other sources that can be tapped to make up for any shortfall.Porttris, now a 32-year-old master’s student at the University of Victoria, says he applied for student loans and took a reduced course load at first so he could still work part time.He has since learned it’s key to apply for scholarships and grants, including some specifically designated for older students.Adding a couple thousand dollars that way during an academic year can mean spending fewer hours at a job, he says.“You can work less and focus on the more important things,” he says, such as studying or spending time with family.Once a mature student is enrolled, they can take advantage of tuition tax credits to reduce their tax burden, says Buffel. Depending on their situation, they can transfer some of that credit to a spouse or save it for future years when they may be earning more money.One of the most important considerations for prospective students is determining whether their new degree will boost their future earning potential enough to overcome the up-front cost of heading back to school, says Buffel.Henry Coll, 42, worked as a delivery truck driver when his wife encouraged him to return to school.He now has a undergraduate degree under his belt and is pursuing his master’s in applied sciences at the University of Victoria.He says he doesn’t expect to get a job as soon as he is done his graduate studies that will “magically pay for everything,” but believes he’ll still be better off than when he was driving trucks.“It’ll take time, but I will be on top.”Follow @AleksSagan on Twitter. by Aleksandra Sagan, The Canadian Press Posted Aug 17, 2017 8:52 am MDT Last Updated Aug 18, 2017 at 10:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Money coach Melanie Buffel, who returned to school to complete her MBA as a single mom more than 20 years after finishing her last degree, poses for a photograph in Vancouver, B.C., on Wednesday August 16, 2017. Mature students who return to education have much more complex financial lives, experts say, and determining how to pay thousands of dollars in tuition, books and other expenses can be tricky. But with proper planning, a university degree can offer a good return on investment. THE CANADIAN PRESS/Darryl Dyck read more

More Atlas Copco underground units for Hindustan Zinc in India

first_imgAtlas Copco has won a repeat order for underground mining equipment valued at about SEK 60 million from Hindustan Zinc to be used in the Zawar and Kayad mines in northwest India. The equipment, which includes face drilling rigs as well as loading and hauling machines, will be delivered in 2013. The order was booked in the third quarter. Hindustan Zinc, a company of Vedanta Resources that produces zinc, lead and silver, has been investing in modern equipment to boost productivity from existing and new mines, with a continued focus on environmentally-friendly technology. “We share a valuable partnership with Vedanta, and this repeat order underlines our strong focus on customer satisfaction and ability to deliver products and solutions that boost customer productivity,” said Bob Fassl, Business Area President, Atlas Copco Mining and Rock Excavation Technique.On May 21, 2013, Atlas Copco announced it had won a mining equipment order from Hindustan Zinc for use in the Rampura Agucha mine.last_img read more