Many college students often seek out scholarships and grants to help meet the costs that come with attending a college or university. College costs are on the rise and the money that students must dish out for tuition, fees, and books is rising to an amount that almost guarantees that these expenses can’t be paid without some form of financial aid.
However, free scholarships and federal grants are available to the vast majority of college students who are in need of money for college. Scholarships and grants also are beneficial in that they can not only meet the costs of attending a college or university but they also are free money that a student doesn’t have to repay, unlike a student loan.
Scholarship are usually given based on merit, but they can also be obtained by students that are pursuing a specific degree or plan to enter a certain field of work after graduation. Also, scholarships can come from local, state, and federal sources for those who take the time to seek out these financial aid offers.
Grants, while similar to scholarships, often are given based on need. This means that the Pell Grant, given by the federal government considers the income of a student’s parents or the student when they look to award this type of aid. College tuition grants, like scholarships are different, but again, usually will only be open to college students with a low income.
If a college-bound student takes the time to research they may be surprised when they find out how many scholarships, and even grants, are available. Taking the time to find and apply for financial aid may not be exciting, but it will pay off if a student can get the majority or entire cost of their college education paid for with these forms of college aid.