N SUPPORT OF PVAF GUJRAAT EDUCATION PROGRAM:.....INVESTMENT IN EDUCATION HAS THE BEST RETURN IN LIFE OF ALL INVESTMENTS....
Posted by Champaklal Dajibhai Mistry on January 24, 2004

EDUCATION IS A HUMAN RIGHT...
AND THE BEST INVESTMENT OF WEALTH... 

Prajapati Vishva Aashram Foundation (PVAF) has a primary mandate to empower humans with KNOWLEDGE THROUGH EDUCATION....And PVAF as a first step in this mandate has started the PVAF GUJRAAT EDUCATION PROGRAM through which PVAF through its donors is empowering 5 financially strapped students to have university degrees in engineering and information technology....of which there is growing employment market anywhere in the world.....

All over the world in every society education for gainful employment to sustain, prosper and progress in life is now believed to be a fundamental and universal human right...

However to implement this human right, is a question of where the funding for education comes from?....In every society on this planet earth the universal right of getting education is a talk which is not being walked by the family, society and the governments of those who need and wish for education but cannot afford the cost of education....

An article from the daily newspaper Canadian Globe and Mail has published the following statistics on the return of investment in education:

  • as much as 20 per cent on their education investment;
  • annual return on a university education is between 12 per cent and 20 per cent after inflation and taxes;
  • University degrees in engineering, natural sciences, health sciences and commerce provide above average returns;
  • the weekly earnings of university- and college-educated workers are on average 61 per cent and 21 per cent higher, respectively, than those of their high-school-educated counterparts....

To read more on this very important life topic please visit the Canadian Globe and Mail: or click on the next line to read the article on this web site....



University well worth the cost,
economist says

By CAROLINE ALPHONSO
EDUCATION REPORTER
Canadian Globe and Mail: Friday, January 23, 2004 - Page A5

Students may be struggling to pay higher university tuition fees, but once they graduate, they stand to cash in as much as 20 per cent on their education investment, a new report shows.

Craig Alexander, senior economist at Toronto-Dominion Bank, said yesterday that an investment in education yields more annually than the stock market.

"While the sheer size of this investment is daunting, parents and students should take heart that the rate of return is also remarkably good," Mr. Alexander said.

Across the country, the average cost of tuition, along with other compulsory fees for recreation and athletics and student health services, increased to roughly $4,600 this year, up 7.5 per cent from the previous year.

Students taking a four-year university degree at the end of this decade will pay almost $30,000 in tuition and other academic fees, Mr. Alexander said.

He expects that the annual return on a university education is between 12 per cent and 20 per cent after inflation and taxes.

University degrees in engineering, natural sciences, health sciences and commerce provide above average returns, the report says. Meanwhile, social science, education and humanities return less, but are still attractive.

"Getting a postsecondary education is a no-brainer when it comes to the payoffs that you're going to get. Is it worth the money you spend? Absolutely, it's worth the cost of the investment," Mr. Alexander said.

But Ian Boyko of the Canadian Federation of Students, which is a long-time advocate for freezing tuition, said education should be considered a social program, the same as health care. There are no user fees for health care, "so I think the same principle needs to be applied for all social programs -- front and centre, postsecondary education," Mr. Boyko said.

University students saw significant tuition hikes during the 1990s as provincial governments reduced their transfer payments to universities. Mr. Alexander acknowledged that students are feeling the pinch. However, he said, the weekly earnings of university- and college-educated workers are on average 61 per cent and 21 per cent higher, respectively, than those of their high-school-educated counterparts.



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