Loans, scholarships and grants are important resources for college students seeking to make ends meet. At the end of the day, college students rely on financial aid packages that contain all three types of financing.
Loans get the job done, but even though interest rates are low for college students, the money needs to be paid back eventually. Grants and scholarships are coveted college cash sources, because the money you receive does not require repayment.
Grants are primarily need-based, reserved for students exhibiting the greatest levels of financial hardship paying for college. Scholarships, on the other hand, usually reflect a high academic standard; so candidates are required to hold high grade point averages and do well on tests.
There are thousands of scholarship programs open to undergraduates, so qualifying may be easier than you think. Your school’s financial aid office and your high-school guidance counselor are primary resources for up-to-date scholarship information. Government agencies, professional associations, corporations and advocacy groups are all in the business of doling out scholarship dollars, so leave no stone unturned in your quest for college cash.
Each scholarship makes up its own rules, so don’t count yourself out for being different. Student-specific financial aid is aimed at certain groups within the student body. Your location, ethnic background, gender or some other unique feature might be your key to landing undergraduate scholarships.
Subject-specific scholarships promote excellence within certain fields. High-need vocations use scholarship incentives to lure competent prospects. Corporations sponsor industry-related scholarships that ensure a well-trained workforce for the future. Your career ambitions might be rewarded with undergraduate scholarship dollars that zero in on your academic major.
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Loans get the job done, but even though interest rates are low for college students, the money needs to be paid back eventually. Grants and scholarships are coveted college cash sources, because the money you receive does not require repayment.
There are thousands of scholarship programs open to undergraduates, so qualifying may be easier than you think. Your school’s financial aid office and your high-school guidance counselor are primary resources for up-to-date scholarship information. Government agencies, professional associations, corporations and advocacy groups are all in the business of doling out scholarship dollars, so leave no stone unturned in your quest for college cash.
Each scholarship makes up its own rules, so don’t count yourself out for being different. Student-specific financial aid is aimed at certain groups within the student body. Your location, ethnic background, gender or some other unique feature might be your key to landing undergraduate scholarships.
Subject-specific scholarships promote excellence within certain fields. High-need vocations use scholarship incentives to lure competent prospects. Corporations sponsor industry-related scholarships that ensure a well-trained workforce for the future. Your career ambitions might be rewarded with undergraduate scholarship dollars that zero in on your academic major.
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