Academic scholarships and federal grant assistance for meeting college tuition and fees are common sources of financial aid which are, for some, necessary when it concerns meeting college costs. While there have been students who have turned to student loan opportunities as a way to pay for their education, many financial aid counselors suggest that students seek out as much funding from financial aid sources like scholarships and grants as they can before turning to college loans.
Commonly, students who are attending a college or university have, either in their area or on a national level, popular scholarship opportunities which may come from local, state, or even institutional sources. Some students who are attending a particular university may apply for scholarship opportunities available directly from that school, while others may also fill out a FAFSA form which can offer information and qualify them for federal assistance through grants or, again, federal student loans.
However, the amount of opportunities available for scholarship sources and federal grants can be quite vast and many feel college students do not exhaust their opportunities for free financial aid. While federal grants do have a wide range of qualifications which may be met, they are usually only tailored for specific students like those who come from a low income background or are pursuing a particular career like teaching.
Yet, federal grants, being one of the sources that may offer numerous opportunities, may pale in comparison to the number of scholarship opportunities available to certain individuals. For example, anyone who simply performs a Google search for scholarships may find the information and opportunities to be almost endless. Scholarships can be offered for not only students who have performed well academically, but could also be available for students who are, again, attending a particular university, who may be of a certain race, military personnel, or even single mothers.
While there are scholarships available for those who are pursuing specific careers, the options for student loan funds are quite vast and, as many financial aid counselors suggest, students should explore these opportunities before turning to student loans, as being able to fund one’s college education without acquiring debt is obviously the more optimal choice.
Despite the fact that not every student may qualify for a substantial amount in scholarships or federal grants, still taking the time to research and apply for the scholarship or grant opportunities has substantially lowered the amount certain students had to borrow in cases where student loans were still necessary. Obviously, financial aid counselors at universities or colleges can be an excellent resource for students seeking scholarship or grant funding, but again, online opportunities for financial assistance can also provide more than enough information concerning scholarship categories and offers.