Why is basic education important in South Africa?

Education is a fundamental driver of personal, national, and global development. Investing in education is extremely important if you are a parent or even if you want to further yourself professionally. It is unlikely that there is ever a point in anyone’s life where learning and furthering yourself becomes unimportant or unnecessary. It is only through education that people are able to improve themselves. One of the most important factors for escaping from poverty is education.

The only way a society can continue to grow and prosper is through proper education at all levels. Investing in education is not just the right thing to do, it is smart economics because, upon graduation, the end result will certainly pay out in dividends. This is where paying off an education loan you might have taken becomes a good debt to have. Many consumers are wary of obtaining an educational loan because it might place additional financial stress on their budget and education is often overlooked in exchange for buying a new vehicle or using the money to place a deposit on a home. This oversight might lead to bad debt instead of being financially successful in the long term as the certification you could have gained would have placed you in a better fiscal position down the road.

As a parent, it is important to prepare your children to become productive members of the economy and become responsible and active members of our society. Investing in their education should never be underestimated, think of the long-term benefits a child will enjoy upon completing a proper course of education. Plan your budget accordingly and consider whether an educational loan is a necessity as opposed to a luxury.

As the world evolves and becomes technologically savvy, it is reasonable to expect that the demand for high-level skills will increase over time and that children will need to be adequately skilled to apply for such positions. Simply completing grade 12 will not be sufficient for future job hunters.  Keep in mind that a university degree increases in value with every generation and you would want your children to be part of the fortunate few that could further their education, thanks to your sacrifices. The option of an educational loan is always a great way to ensure that your child does not get left behind the tertiary curve.