Many people that come from a low income family often feel that college is going to be too costly and they simply will be unable to attend a university in order to obtain a degree. While it is true that the cost of college has been on the rise, there are many forms of financial aid that are available to help those who may be unable to afford the cost of tuition and fees associated with attending a college or university.
Specifically, students that are from a low income family are able to get grant money, which will help them afford the majority or all of the costs related to attending college. The federal Pell Grant program is one of the more common and well known grant opportunities that many low income students seek.
Usually, any student who filled out a FAFSA form will be able to see if they qualify for a federal Pell Grant. These types of grants are essentially money given specifically for college expenses that it doesn’t have to be paid back. Scholarships are similar to Pell grants, in that they don’t have to be repaid either, and they are open for almost anyone who is seeking a higher education.
Many low income students can’t afford to attend a college or university and have the entirety of their tuition and fees paid simply from scholarships and grants. While it will take some time and effort to research and apply for various scholarships and grants, the time spent doing so may yield some wonderful benefits.
There are student loans available to new college students as well, and they can be very affordable when it comes time to repay. However, anyone from a low income family, or simply looking to pay for college in general, should exhaust all of their scholarship and grant opportunities before turning to a student loan.