UNIT 4

HIGHER EDUCATION
AND FINANCE
A Presentation by Group 3
 OUR CONTENT
TUITION AND FEES RETURN ON INVESTMENT
01 the cost of higher education, including tuition fees,
accommodation charges, and other expenses.
04 the concept of return on investment (ROI) in
higher education.

FINANCIAL AID BUDGETING AND FINANCIAL

02 AND SCHOLARSHIPS
various forms of financial assistance available to
students.
05
MANAGEMENT
the importance of budgeting and financial
management skills for students.

STUDENT LOANS AND DEBT FINANCIAL LITERACY

03 including federal and private loans and the
potential impact of student loan debt on 06 AND EDUCATION
emphasizes the need for financial literacy and
individuals and the economy.
education initiatives in higher education.
 OUR TEAM
Tran Minh Duc Nguyen Hoang Anh
Nguyen Hieu Minh Nguyen Ngoc Chau
Nguyen Lam Hoang Le Thanh Trang
TUITION
AND FEES
The necessary sums of money that a
person must pay in order to study and
fully enjoy the benefits of this level of
education
 TYPES OF TUITION AND FEES
Tuition fees
Tuition is the initial payment for
attending college. The university
will temporarily collect tuition
money from students upon
acceptance.
Accomodation charges
This is a mandatory fee for
students studying far away from
home.
Other expenses
In addition to tuition and housing
expenditures, any student
pursuing higher education must
pay extra necessary fees5
IN VIETNAM
Tuition fees
Tuition fees at universities will vary significantly
between different type of schools: Tuition-free schools,
public schools, international schools

Accomodation charges
The overall cost of paying for housing will be between
12 and 15 million VND per year.

Other expenses
The total cost for students to eat, travel, print
documents and other expenses will be about 27 million
VND.
IN OTHER COUNTRIES
01 In the UK
The total cost of studying in the UK will be
approximately 1.5 billion Vietnamese Dong per
year

02 In America
About 1 billion per year.

In Germany
03 Students will be exempted from tuition fees and
only need to pay other living expenses, about 400
euros a year.
SCHOLARSHIP
& FINANCIAL AID
DEFINITION
SCHOLARSHIP
A financial award or grant given to a student to
support their education.
Based on various criteria or specific characteristics.
Do not need to be repaid.

FINANCIAL AID
Monetary assistance provided to students to cover
the costs associated with their education.
Include scholarships, grants, loans, and work-study
programs.
Can be need-based or merit-based.
 WHY GIVING SCHOLARSHIPS?
Diverse learning environment
Attract students from different countries,
backgrounds, talents and perspectives to
contribute to a rich and diverse learning
environment.
Cultural exchange
A way for countries to build
relationships and connections with
other nations.
Promote reputation
enhance the reputation of a country's
educational institutions, promote the
country's culture and value to the
world.
Economic benefits
Foreign students contribute to the
local economy, the workforce and tax
base.
PROGRAMS AVAILABLE FOR
VIETNAMSE STUDENT
IN EUROPE

IN ASIA

IN THE US
IN AUSTRALIA
 IN EUROPE
01 Government scholarship 03 Organizations and Foundations
- The Erasmus+ Mundus program. - Ford Foundation International Fellowships Program.
- DAAD Scholarships. - The United World Colleges (UWC) Scholarships.
- Chevening Scholarships. - The Aga Khan Foundation Scholarship.
- Swiss Government Excellence Scholarships. - Joint European Master's Scholarships.
- Eiffel Scholarships.
- Netherlands Fellowship Programmes (NFP).
- Czech Government Scholarships.
- Finnish Government Scholarships.

02 University scholarship
- Cambridge Trust Scholarships offered by The
University of Cambridge.
- Oxford-Weidenfeld and Hoffmann Scholarships
offered by The University of Oxford.
IN THE US
01 Government scholarship
- Fulbright Program.
- Vietnam Education Foundation (VEF).
- The United World Colleges (UWC) Scholarships.
- Vietnamese-American Professional (VAP) Scholarship
Program.

02 University scholarship
03 Organizations and Foundations
- The Vietnamese American Bar Association (VABA).
- The Vietnamese-American Medical Association (VAMA).
IN AUSTRALIA
01 Government scholarship
- Research Training Program (RTP) Scholarship
offers scholarships for students to pursue research-
based postgraduate degrees, including Ph.D.
- Australia Vietnam Education Promotion
Association (AVEPA).

03 Organizations and Foundations

02 University scholarship - Australia Awards Scholarships.
- Australian National University (ANU). - Endeavour Leadership Program.
- The University of Melbourne.
- University of Sydney.
- Monash University.
IN ASIA
01 Government scholarship
- ASEAN Scholarships and Fellowships.
- Southeast Asian Ministers of Education Organization
(SEAMEO) - Regional Training Center (RETRAC)

02 University scholarship
- National University of Singapore (NUS).
- University of Tokyo (Japan).
- Tsinghua University (China).

03 Organizations and Foundations

- The Asian Development Bank (ADB).
- INSEAD Asia Campus Scholarships
- Japan-IMF Scholarships.
 ELIGIBILITY CRITERIA
Merit-based Need-based Specific requirements
MERIT-BASED 01 ACADEMIC ACHIEVEMENT

02 LANGUAGE PROFICIENCY

03 EXTRACURRICULAR ACTIVITIES

04 WORK EXPERIENCE/INTERNSHIP

05 INTERVIEW PERFORMANCE
NEED-BASED
01 INCOME AND FINANCIAL ASETS

02 EXPENSES 03 UNUSUAL CIRCUMSTANCES

 ELIGIBILITY CRITERIA
Merit-based Need-based Specific requirements
The achievements that The applicant's financial need Field of study.
demonstrate exceptional to cover the costs of Other requirements.
academic or non-academic education.
accomplishments.
STUDENT LOANS
AND DEBT
 DEFINITION
STUDENT DEBT IS MONEY BORROWED BY
INDIVIDUALS TO COVER THE COST OF EDUCATION

Loans can come from private or

federally funded sources.
Debt can be incurred to cover
tuition, textbooks, miscellaneous
fees, accommodation and food.
FEDERAL STUDENT LOANS

Federal student loans are made by

the government, with terms and
conditions that are set by law, and
include many benefits.
PRIVATE STUDENT LOANS
Private loans are made by private
organizations such as banks, credit
unions, and state-based
organizations, and have terms and
conditions that are set by the lenders.
INTEREST RATES
01 FIXED INTEREST RATES
does not change during the life of a loan
all federal loans have fixed rates, private
loans can offer fixed or variable rates

02 VARIABLE INTEREST RATES

can change monthly or quarterly
depend on the loan contract
 REPAYMENT OPTIONS
Several federal programs base monthly
payment amounts on borrowers’ income.

Private lenders like banks may offer

borrowers a deferment or forbearance period
if they can't keep up with their loan payments.
 THE IMPACT OF STUDENT LOANS
ON INDIVIDUALS
01 02

First-time home purchases Getting married

Retirement
Having children
04
03
RETURN ON
INVESTMENT
(ROI) is a performance measure used to
evaluate the efficiency or profitability of
an investment or compare the efficiency
of a number of different investments.
ROI IN HIGHER
EDUCATION
Investment: Tuition fees, the length of time
in school,...
Return : future incomes, employment
prospects, ...
HOW TO CALCULATE
THE ROI?
Subtract the average salary for someone with a high
school diploma from the salary expected with a college
degree.

Multiply that by the number of years in the workforce

after graduation

Divide that number by the sum of tuition, fees, books, and

loan interest, then multiply that by 100
BENEFITS OF EDUCATIONAL INVESTMENT
a higher-skilled workforce
more economic growth of a location
breaking down barriers to education
better quality research, experimentation,
development, and breaking new ground
RELATIONSHIP BETWEEN
EDUCATION AND
CAREER SUCCESS
1. higher levels of education are associated with
higher income levels
2. education can lead to more specialized skills and
knowledge
3. many high-paying jobs require advanced degrees,
such as a master's degree.
 BUDGETING
& FINANCIAL
MANAGEMENT
The process of creating a plan for how to spend and save money based
on income and expenses, these are critical skills for students to study
and live well during their time in school.
SPECIFIC SKILLS
OF THIS PROCESS 01 helps students understand
their income and expenses

02 avoiding unnecessary
purchases or spending

03 reduce the burden of

education costs

04 safely pass through their

studies from a financial
perspective
POTENTIAL PROBLEMS
STUDENTS MAY FACE
1. Underestimate living expenses
--> Track all spending for at least 3 months

2. Lack of financial literacy skills

--> Universities could offer introductory
personal finance courses
FINANCIAL LITERACY
AND EDUCATION
01 Importance of Financial Literacy

02 Key components of Financial Literacy

03 Role of Financial Education

04 Benefits of Financial Literacy and Education
Promoting Financial
Literacy and Education

Community
Government
& Education
Online platforms that
offer literacy tools and
resources

01 02 03

Khan Academy Smart About Money MerdWallet

Investopedia Financial Literacy FINRA
MuMoney.gov and Commission Practical Money Skills
MoneySense
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