This website including the ‘[EduFund]’ platform is owned, operated and maintained by Helena Edtech Private Limited, a company incorporated under the laws of India. The platform and the services thereunder are provided on an "as is" basis. Use of the service and the platform is at your own risk. Company makes no warranty that the use of the service and the platform will be continuous, uninterrupted, bug-free, error-free, virus-free, free of defects, free of technical problems, nor that it will meet all of your needs. To the extent permitted by applicable law, Company expressly disclaims all other warranties, conditions, results, guarantees, or representations with respect to the service and the platform, whether express or implied, including, but not limited to, the implied warranties of merchantability, merchantable or satisfactory quality, fitness for a particular purpose, non-infringement of third party rights, or arising from the course of performance, course of dealing, or usage of trade.
Investment in securities market are subject to market risks, read all the related documents carefully before investing. The valuation of securities may increase or decrease depending on the factors affecting the securities market.
EduFund and the EduFund App are the brand and product of Helena Edtech Private Limited
“An affiliate of the Company, i.e. Samyama Advisors Private Limited, is registered with the Securities and Exchange Board of India (SEBI) as an investment adviser under the SEBI (Investment Advisers) Regulations, 2013 bearing the registration number [INA000015321]. Samyama Advisors Private Limited may provide investment advice to the clients through the Company's platform.”
Registered Address: 30, Omkar House, Near Swastik Char Rasta, Navrangpura, Ahmedabad Gujarat, India – 380009
Transaction Platform Partner : BSE Star MF (with Member code-51573). CIN No: U67100GJ2020PTC112589. RIA Number: INA000015321 GST No: 24AAFCH2122L1ZU
Please scan QR code to download the EduFund app
Talking About Non-Traditional Career Options With Parents
Choosing the right career path is difficult. It is also hard to make sure you and your parents are on the same page about your career path. Especially, if your dream job is a little offbeat. Parents want nice, safe careers for their kids that offer maximum job security and chances of success.
You may not want the same things as your parents and that is okay. But to bring them to your side, you will need a plan. The right conversations and the right counselling can make all the difference between endless arguments and unconditional support.
Here’s what you need to do!
Plan Your Education And Career
Before you embark on your dream career, you need to get your dream degree and for that, you need a plan.
You can create a document or presentation titled ‘Education Plan’ or ‘Career Plan’ to show your parents that you have given this thought and effort. The reason why most parents are scared of their children choosing unconventional careers and degrees is that these careers are not always reliable. They may not be as well paying or as secure as traditional career paths. You need to lay those doubts to rest!
The best way to do this is to let your parents know that you have considered the risks yourself and have a clear plan of action in place. This includes having a clear idea of what kind of degree you want and where you can get with this degree.
Be Flexible
Most undergraduate level degrees give you access to a wide range of job opportunities. You may have your heart set on a specific dream job, but you need to let your parents know that you have backups in place. Include the varieties of jobs you hope to secure with the degree you are choosing in your Education Plan.
Also, make a list of your dream colleges. You will need to do thorough research to figure out which colleges are the best fit for you. Decide whether you want to stay in India or study abroad. You should also find out what kinds of jobs the alumni from your prospective colleges have secured. You can even try and get in touch with these alumni to see if they can give you some career advice.
Figure out and tell your parents about the kinds of internships you intend to take while in college and the kind of projects and extracurriculars you plan to pad your CV with.
With a meticulous plan in place, your parents will be able to trust and support you in your ambitions.
Funding Your Education
You may not have figured out where the funding for your education will come from and that is okay. You are young and have probably never had to think seriously about financial matters before this.
Your education is going to be the most profitable financial investment of your life and your parents probably already have plans in place. If you haven’t communicated with your parents about your career goals, then their plans and your dreams may not exactly align.
This is why while you are researching careers and degrees, you should also research fundraising for education.
There Is More Than One Way To Finance Your Education
There are many ways of funding your education. Tuition fees differ depending on whether you plan to study in India or study abroad. Different countries have different college fee structures.
Scholarships and Fee Waivers are one way to fund, but there is no guarantee of always receiving them. A very common way of raising education funds in India is Education Loans. These loans can be secured through banks or other financial institutions like EduFund.
If an education loan is the best way for you to secure your funding, you should thoroughly acquaint yourself with them. It is important to understand the exact terms of the loan and the payment plans set forth by the bank or financial institution providing the loan.
You could also use an Education Loan Calculator to figure out the specifics of how much fund you can raise through loans and how much you will have to pay back. Usually, you start paying back an education loan after you graduate.
Get Education Counselling And Guidance
Never underestimate the difference a good education counsellor can make. Counsellors are well versed in the intricacies of career and education planning. They can help you understand the details of how to apply for universities and entrance exams and how to prepare for them. They can also act as a mediator between you and your parents if they are not very supportive or comfortable with your career choice.
Your school might already provide counselling services that you can avail of. If that is not the case you can look for education counselling for students online. Free counselling services are sometimes available, some counsellors offer an initial free session so that you can figure out if their services are suitable for you.
The counselling is for guiding both you and your parents. Students have big dreams but often don’t take practical considerations in mind. Meanwhile, parents look out for their children and want the best for them, but even their best plans for their child’s education may not always align with their children’s dreams.
Good counselling can help bridge these gaps. It can provide you with some much needed and helpful perspective when it comes to the practical side of career and education planning. It can also help you communicate better with your parents and make them more supportive of your dreams.
What Happens Next?
So, you have an education plan in place, you have secured funds and you have undertaken counselling. But, what comes next? After all, a degree is only the beginning. But what happens once you have secured admission?
Well, something a lot of students with grand education plans don’t consider is – the need for flexibility. While having a dream job and being passionate about it is important, it is also good to be adaptable. Once you actually start your degree and start talking to your teachers, peers and seniors, you may realise that your dream job is not ideal for you. You also may develop different interests or discover new and exciting, alternative career avenues that you had not considered earlier.
It is important that you keep your eyes and ears open for alternative careers and backups while working towards your dreams. Keeping your career options and CV diverse is very wise and ensures that you don’t end up ‘stuck’ in a dead-end career or a job that no longer fulfils you.
Most undergraduate degrees offer skillsets that are usually widely applicable. Be aware of the applicability of your skills in different professions and make smart career decisions.
Always remember – as long as you plan well and keep your options open, you will never end up in a dead-end!