Sending Money Home for Education?
The World Bank shows that over 63 million children worldwide are deprived of primary education because their families lack funds to support it.
Sending remittances for education supports not just children receiving education, but adults too. Every year, a large number of migrants support the education of their own children, but also family, friends, and other community members.
It’s a long-term commitment and requires being able to regularly send money without worry. These regular contributions ensure the beneficiary stays in the education system and gets crucial supplies like textbooks or stationery.
How do remittances help with education?
School fees can be one of the biggest barriers in accessing education. Beyond that, education often comes with its own expenses, like uniforms or transportation to and from school. With the help of remittances from abroad, the pressure on families to meet these costs is reduced.
Covid-19 presented the new challenge of online learning; having access to a computer and internet is now an essential cost for most. Thanks to remittances, many children were able to continue learning throughout the pandemic on newer technology or even just a better internet service connection.
WorldRemit customers who sent money home for educational purposes said that supporting beneficiaries through education would give them a better chance in life. Aiding education for their loved ones also provides them with opportunities they hope will one day pull them out of poverty for good.
Remittances for education typically need to be sent on a regular basis, but studies show that the back to school period (August-September) shows an increase in the number and value of remittances sent.
Spending during the back to school period usually contributes towards new clothing or uniforms, textbooks and other school supplies.
Money is often sent to help beneficiaries achieve a college or university degree, or complete a vocational course, which in turn will afford them more job opportunities.
How can WorldRemit help?
Peace of mind when sending money abroad is extremely important. At WorldRemit, 90% of transactions are completed in minutes.
Pick a service that is upfront about rates, fees, and costs, and consider the send and receive options that work best for your circumstance. In most places, you can send a direct bank transfer, mobile money, or cash for pickup at a physical location.
