For me, college is something that I really look forward to after graduating high school. I am extremely excited for the next step of my life! With college, there are various factors that are necessary to ponder upon: application fees, the distance from my house, tuition, room and board, cost of books, cost of travel, necessities, and personal expenses. However, the most important factor of going to college is financing. Without proper financing, there is a huge risk for a gigantic pile of debt. To attend college without any debt, I ought to research my options: scholarships, college grants, work-study, summer jobs, and loans. Two colleges that are on my list are include ASU and Stanford. I would love to study at either one of these colleges. …show more content…
The grant I think I would qualify the most is the Federal Pell Grant. This grant is for any student attending college in financial need ("Federal Pell Grants"). The amount of money is based on financial need, the amount to attend a specific college, and the total time spent in college ("Federal Pell Grants"). A second type of grant is the Teach Grant, a grant for people considering a career in teaching (“TEACH Grants”). In the future, I do not see myself as a teacher, but if I ever change my mind, I would definitely consider this grant. The downside to grants is the possibility of having to repay the money given ("Grants and Scholarships"). Fortunately, this is only required if a student withdraws from college without graduating or if additional financing is received ("Grants and …show more content…
However, depending on the type of loan, there is a possibility of paying the money back after graduating college ("Types of College Loans"). Three types of loans are “Need Based”, “Non-need Based”, and “Private Loans” ("Types of College Loans"). If a loan is necessary, the best strategy is the “Need Based” loan ("College Loans: Your Strategy"). The “government pays off the interest fee” ("College Loans: Your Strategy"), and there is no need for good credit. To ensure the possibility of attaining a “Need Based” loan, one must be sure to “meet all financial aid deadlines and special requirements” ("College Loans: Your Strategy") and fill out all the necessary forms (college 3). One of the forms is FAFSA (Free Application for Federal Student Aid), which must be completed “after October 1 of senior year” ("College Loans: Your Strategy"). However, if one does not meet the requirements for a “Need Based loan”, parents can apply for the Federal Direct PLUS Loan to borrow money for college Otherwise, a “Private Loan” may be chosen as a method. Usually, it requires another person to agree to pay off the money– just in case the student is unable to do so ("Types of College Loans"). The student might have no credit or simply bad credit, which requires agreement of a second person ("Types of College Loans"). Besides considering the interest rate, one must read the terms of a loan contract. Hidden
Along with scholarships, fellowships, and grants, student loans are an important method of financing post-secondary education. With tuition costs rising, more students are borrowing to pay for college education today. However, not all students realize the burden of paying back their student loans. Many are defaulting.
If you think your educational expenses are more than you and your family can afford, you should apply for financial aid using the Free Application for Federal Student Aid (FAFSA). You will need to apply for financial aid every year by completing a FAFSA. The FAFSA includes all the information necessary to determine your eligibility and must be completed if you want to be considered for any of the federal programs sponsored by the U.S. Department of Education. The FAFSA is available in two formats: paper and electronic. If you complete a paper FAFSA, you will mail it directly to the application processor listed on the FAFSA. Or you can apply online at www.fafsa.ed.gov and list school code will receive your processed information.
Every new term a school needs a way to fund its school. Free Application for Federal Student Aid is needed at all colleges for a student to be able to pay their way into the school of their dreams. This form is used to determine the amount of money a family is expected to contribute to the price of attending a postsecondary institution. The results of the FAFSA are used in determining student grants, work study, and loan amounts. Students have two options when preparing their annual, federal student aid application: either prepare the form on the U.S. Department of Education's website or get assistance from a fee-based FAFSA preparation service. Most financial aid is provided on a first-come, first-served basis, and students are encouraged to prepare and submit a FAFSA on the day it opens, January 1 of each year, using income estimates to be updated after taxes are
My purpose and goals in attending college is to make something of my life. It is a good thing. No one wants to be a nobody. But sometimes it takes time in order for one to realize this. & nbsp; Upon graduation from high school, I, like the majority of others high school graduates, had no clue what direction my life was heading or even what I wanted to become.
"Life isn't about waiting for the storm to pass, it's about learning to dance in the rain." This is my all-time favorite quote. It is my motivation when the skies around me become cloudy. It is the fuel that feeds my ever-growing hunger to dance. Living by this motto will help me achieve my goal of becoming not just a professional dancer, but also an inspiration to others. My strong extracurricular background provides for a solid base, serving as a great steppingstone as I reach closer and closer to making my dream a reality.
There are different types of financial aid available to students such as grants, scholarships, and loans. There are a lot of these types of financial assistant available for students to have access to. There are many websites available online that have all different types of scholarships. Some scholarships have certain requirement such as race, GPA, demographic, parent’s income, etc. Others require students to write an essay and others only require students to only apply. Grants are given to students and are money that is not required to be repaid. Most grants are federally and state funded. Loans are money borrowed and is required to be repaid and in most cases with interest.
When students are finishing off their senior year in high school, they begin applying to college. Many people are blinded by how much after high school education actually cost. Scholarships, financial aid, military benefits, and student loans are all common ways of paying this dreadful tuition. All of which are great free resources to help a person further their education, except student loans. As implied by the name, student
I want to go to college for the wholesome intellectual stimulation and to get more involved with my community. College will be my last opportunity to do so before I enter the work force. At college I can be intellectually and academically challenged; I will be able to learn with friends who are as dedicated to learning and the pursuit of knowledge as I am. My goals in college are to acquire the skills that I need to lead a successful and productive life, to expand my knowledge of the world, to step out of my comfort zone, and to become more proactive.
It is a proven fact that the price4 for college tuition has increased drastically in the recent years. As a result, acquiring the means to pay for college has become a troublesome problem in many households. Depending on student loans is a popular method to counter the problem, yet paying back the debt is a problem of its own. Although tuition may serve as a challenge, there are several solutions to limit debt. The first solution to limit debt for a student is working and saving while attending school. Another solution includes attending a community college instead of,or before, a university. As a final solution, applying for scholarships can limit or diminish the amount of money needed to borrow, therefore, decreasing future debt.
Many colleges in the the world can cost a great amount of money to attend. Without saving money or creating a college fund, a student will have a very difficult time to pay for college. Students that have not saved any money towards college, use student loans. Student loans can be helpful for some situations, but just
Grants do not have to be paid back. A scholarship is an example of a grant.... ... middle of paper ... ... There are several small ways that the government could improve their financial aid policies to make them more responsive to the student.
These programs assume that high income families will support students to a high degree, so that is reflected in the loans and grants they are given. However, the family may not be supportive or may have the expectation that the student pays for their education on their own. If a student receives little financial support and are not supported by their parents, working towards a post-secondary diploma would be very difficult, therefore many students decide to not attend. The biggest problem with these programs is the amount of debt that students have once they earn their diploma. Although the loans that are given out can be large enough to support a student through school, this puts a huge burden on students who are forced to start paying these loans back shortly after graduation, with the expectation that they will be employed and making enough money for this to be financially attainable.
Applying for scholarships and receiving them can pay for an amount for your college! In addition to graduating, you could graduate with no debt, depending on having no student loans, and be able to start your life in any way you want. Rachel Ramsey explains how she felt graduating with no student loan debt. “The best part, though, is the feeling I had graduating with zero debt” (Rachel Ramsey).
When both sides are examined, merit-based aid seems like the best choice when compared to need-based aid. There are two different types of financial aid for college students, merit-based aid and need-based aid. Merit-based aid is given to students with good grades and allows them to not have to pay the full price of college tuition. This allows students who work hard in school to reap some form of reward for their efforts. Need-based aid gives students the ability to continue their education, when they would not have the money for college otherwise.
4 | Page Should the U.S government provide more grants And scholarships for both graduate and undergraduate Students? By Rebekah Ingram March 14, 2017 Mr. Wilson – English 4 The Focus of the government provided welfare for students with the work relief of and large programs the government also provided with students with less advantages then others. Grants providing for graduates and ungraduated well thought out to get into college. Despite its work relief elements and large government programs, the New Deal is best understood as a defense of American capitalism because its main programs attempted to create a stable environment for private enterprise.