College Education: Scholarship Grants or Financial Aid?
How much is the cost for a college education?
Is there an available financing scheme?
Let’s face the reality. College education is expensive! A lot of paren
ts do a double take when their children are preparing and looking forw
ard to attending a community college or a state university.
There are a lot of things which comprises the cost of college educati
on and the tuition fee is just a part of the big picture of getting i
nto college. Other everyday expenditure includes food, transportation
, housing, pocket money, and other miscellaneous fees which when adde
d up can create a significant portion in financing a college education.
A lot of families in this day and age, even if they belong to the upper
-class society, think about applying for financial aid. College grants
and scholarships are the most excellent kind of financial assistance.
Grant and scholarship programs do not entail students or the family to
pay back. These could be of two kinds: (1) base on need, which is giv
en due to the financial inability of the student and the family as a w
hole, and (2) base on merit, the talent of the student like in sports,
is the main consideration. The student’s academic ability also falls
under the merit-base college grant and scholarship.
Oftentimes, college grants and scholarships combine the merit and nee
d criteria to ease out the whole financial aid process. Numerous stud
ents and their families are in the look-out for this type of financia
l aid. However, college grants and scholarships are limited compared
with the growing number of students year after year.
Qualifying students can avail of federal and a number of state schol
arship programs. Some of which are the following:
Federal or National Pell Grants – this is a program funded nationwi
de intended to endow assistance to any qualified undergraduate lear
ner pursuing postsecondary schooling. Grants and scholarships of th
is kind are given to those who have not finis