Life is dynamic and ever changing. Today’s social norms are very different than past norms. Therefore very soon, a Master’s Degree will be an integral part of our lives, just as the Bachelor’s Degree is perceived today. University education is no longer the prerogative of a small section of the population that can afford it. Attaining higher education has become a basic need a long-term investment.

The accessibility of higher education to everyone, even those that are less privileged financially, is one of the goals that the State of Israel has so far been unable to achieve. The reasons are many – some subjective, some objective. To a large extent, the crises in the higher education system stem from the high tuitions.

As an example, such costs can run at 20,000 to 25,000 NIS for one year, depending on the specific educational institution. Additionally, 8,000 to 10,000 NIS should be allocated for related expenses and livelihood, and so the total amount can only be afforded by a few.

Recently, there has been true development in the trend of studying overseas. These are Israeli students looking for additional challenges, innovation, a wider variety of educational programs, the opportunity to become acquainted with new cultures and experience interesting countries around the world, and more. Needless to say, costs in this case are much higher.

As an example, such costs can run at 45,000 to 70,000 NIS for one year, depending on the country and specific educational institution. Additionally, 20,000 to 35,000 NIS should be allocated for related expenses and livelihood, and like in our former example, the total amount can definitely only be afforded by a few.

Mortgage banks and insurance companies provide us with a possible solution for this: an “all purpose mortgage loan”. Mortgaging a property will provide you with the resources to fund your future or the future of your children. The large degree of flexibility of the mortgage institutions will be reflected in many aspects, such as the option of frequently withdrawing funds as needed based on the person’s credit line, the possibility to utilize a convenient early redemption route without the need to pay a commission (or with a small commission), or simply the intention to provide the customer with good service.