The real estate plunge has spilled over into education

Mondo Finance Updated on 2024-02-29

In recent years, consumption has declined, housing prices, and various difficulties have followed, and now they have finally affected the education sector.

I just saw a sad story about a child who was in the second semester of her third year of high school at an international school when she suddenly received a message from her father that her family was in financial difficulties and could not continue to pay for her tuition.

In the face of this sudden change, the child is faced with two choices: one is to give up his studies after graduating from high school and directly participate in family work; The second is to spend a year looking for a public school to repeat and take the domestic college entrance examination.

For college, the child's expectations are not high, even if he goes to a domestic junior college. The child felt very anxious, and after more than ten years of international school life, she originally planned to study in the UK next year, but now her family's financial difficulties have shattered her dreams in an instant. She said that she understands her parents' distress, but she is not a Shanghai hukou and has given up her domestic student status, and now it feels unrealistic for her to consider taking a gap year or retaking the college entrance examination, after all, she has not been in contact with the domestic system for a long time.

What happened to this child is deeply distressing, and the predicament she faces is also thought-provoking. In these uncertain times, we need more attention and love to help these children. Perhaps we can provide more support and help for these children from all aspects of society, so that they can successfully complete their studies and realize their dreams.

At this difficult time, we cannot afford our children's education due to financial hardship. In this regard, I think everyone can tacitly understand the reason. Poor boy, what happened to him is touching and pitiful.

In this situation, he still has a trace of arrogance and superiority, which undoubtedly arouses the disgust of many people. They have started to ridicule and educate the child, believing that this child has not experienced the bitterness of life, just because he has seen all kinds of rich children in international schools, he thinks that he is among the rich girls, and crosses the original social class. This kind of blind superiority makes people sigh at the helplessness of the world.

Some people are keen to share their knowledge, and they emphasize that the school they attend is not what it is"International Schooling", which they call a bilingual private school. They questioned whether these schools were entitled to despise education within the system.

In fact, we all understand that parents only consider using their children's education funds when they are facing financial difficulties. When they do, it shows that the economic situation is already quite difficult. In such a predicament, parents still do not require their children to start supporting their families at the age of age, but choose to let them continue their education. So, should we dislike education within the system? This is obviously a question worth pondering.

Some people also say that their parents chose the wrong path, and they thought it was easy, but they exhausted their financial resources before college, which led to the interruption of tuition fees, and they were in a dilemma on both paths to the national college entrance examination.

Therefore, even if you have the money to go abroad, you must first take the college entrance examination, do not engage in Hong Kong identity and do not take the international route, and engage in reading, mathematics, physical education, English, and programming since childhood

How so? In terms of the current economic situation, this is a road for the average middle class. Moreover, this road is no stranger to the post-80s generation.

When I was in college, some of my classmates studied abroad, and they all took the college entrance examination route to get GPA, then took an IELTS TOEFL, ** a little GRE, and then applied to study at a university overseas. In the past 20 years, because the economy has improved, parents have money to spend on education, and the demand for international education in primary and secondary schools has gradually been separated...

In the context of today's economic downturn, can we re-examine and choose the old path - to study abroad? Why can't we save up the necessary funds and invest in our children's education as we did in the past, so as to ensure the stability of tuition fees** and avoid the dilemma of missing payments halfway?

Even if we really face financial difficulties, we still have the college entrance examination as a guaranteed road. It's much better than parents who start with an all-in education, only to end up running out of money and hopeless college. As a result, their children may be in a difficult situation, and may even have to give up studying abroad and choose a school that does not require tuition fees, and make ends meet through work-study programs.

Imagine that after spending three or four million in education costs, after more than ten years of hard work, in the end, the child has no choice or goes overseas to study independently. This is undoubtedly a heavy blow to the hearts of parents. You know, in the past, they could also choose to sell their homes to support their children to study abroad, but now, this path seems to be starting to get difficult.

Therefore, we should recognize that in the current economic downturn, it may be a wiser choice to reconsider and choose the traditional route of going abroad. This not only ensures the maximum benefit of the investment in education, but also creates a broader future for the child.

Looking at the real estate market across the country, only real estate in Beijing, Shanghai and Shenzhen can still be exchanged for tuition fees for studying abroad. Although the dilapidated school districts in these two cities have also fallen by as much as a third, their value is still thick and millions of dollars are still left on the books. In contrast, housing prices in third- and fourth-tier cities are unsightly, and most cities show a situation where there is no market.

Some netizens revealed that the cost of their relatives' children studying abroad was as high as 4 million, and their family raised this fee by selling two houses in Wuhan, which is undoubtedly a wise move. However, this year's real estate market situation is grim, and property sales are struggling. In the face of such market conditions, investors need to keep a clear head and make prudent choices.

In this day and age, do we still need to send our children to study abroad?Some people say that real estate is like a commodity on the market that needs a big sale before it can be sold, as long as the ** is low enough, there will be a transaction. But that's a thing of the past. The current market is that sellers surrender themselves**, but buyers are still cautious and refuse to sell easily. Even if we sell our house at a "big sale", the money we get is far from enough to cover the cost of studying abroad. Undergraduate tuition in the United States is generally **, and almost all schools require a starting fee of 70,000 US dollars (equivalent to 500,000 yuan at the current exchange rate). The intermediary fee for applying for an undergraduate program in the United States is even more ridiculously high, ranging from hundreds of thousands to millions. I have a friend who has been looking hard for 3 years in order to apply for a big U for his child, and has communicated with dozens of consultants at home and abroad. However, he paid a huge price in the process, including fees such as termination and liquidated damages, totaling hundreds of thousands. In this context, do we still need to send our children to study abroad?This is a question worth pondering.

How much does it take to hold the property in your hand to withstand it?When we look at the second-generation parents in Beijing and Shanghai, even they may gasp. Some people think that the tuition fees in the United States are too high, so is it feasible to move to the United Kingdom?Oh, tuition fees in the UK seem to be relatively affordable, but in actual consumption, they are expensive. In recent years, studying abroad at a young age has become a trend, and many friends have sent their children to study in secondary schools in the UK. The tuition fee seems to be only 35,000 pounds a year, which is equivalent to more than 300,000 yuan, which is already quite low. However, other hidden costs can be as staggering as the exorbitant taxes. Take the three-semester system in the UK, for example, with countless holidays in between, which are not allowed to stay in school, and students either choose to go to a homestay or participate in various activities and trips, which need to be filled with money. All things considered, the cost of a year is as high as 500,000 or 600,000 yuan. This kind of expense is also a feeling of walking on thin ice for friends who own seven or eight properties. He lamented that if his family didn't live in a big city like Beijing, he wouldn't dare to consider sending his children to study abroad. Because even if you grit your teeth and send it out, it will be difficult to bear all the expenses and ..... before your child graduates from college

I couldn't get a graduation certificate after paying the tuition fee halfway, and the millions of investments in the early stage were all wasted. Even if you work hard until your baby graduates, now international students are looking for a job of five or six thousand yuan, without the support of their parents, and they can even support themselves

Therefore, don't look down on the system, especially in bad economic years, it does not consume cash flow and has a stable channel for further education, and it is very resistant to risks.

Now that even families with surplus food in their hands have begun to turn back to the public government, tightening their purse bags and preparing for the winter, why should ordinary families continue to struggle on the track of the rich?

To put it bluntly, if a child is not angry, how much difference can there be between inside and outside the system? The poor may be able to take charge of the house early. Personal opinion, for reference only.

Author: Huang Shao).

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