Paying For College With Scholarships And Grants–Aid For Students Amid College Budget Cuts

Students who are in need of financial aid to meet college costs have typically turned to various scholarships and grants that can not only offer academic scholarships, but need-based financial assistance as well as there are some indications that forms of financial assistance and various budget cutbacks could cause college costs to increase, which would necessitate that students either borrow loans to meet college tuition fees or explore more scholarship and grant opportunities. Concern over proposals to cut funding for Pell Grants and cutbacks at many educational institutions which could limit the amount of institutional financial aid that could be offered directly from colleges and universities have many concerned as to where they can find the aid that will be necessary to help them avoid borrowing loans to pay their college costs.

Recently, a report on CNNMoney.com stated, “Facing declining tax revenues in the wake of the Great Recession, states are slashing funding for higher education, forcing many colleges to eliminate majors and entire departments.” Obviously, there are some universities that are feeling financial pressures more so than others, but as some educational institutions are having to cut back on programs and assistance, this has left students to explore alternative scholarship and grant options.

While there are still opportunities for students through federal grant funds that can help meet the financial needs of those in specific situations, there are also forms of financial assistance that had been tailored to bring about aid particularly for students who are pursuing a degree in a higher need field and plan to enter into a career in such a field after graduation. Science and mathematics are just two of the areas where students may find more scholarship and grant opportunities to help meet college costs, if they plan to major in one of these fields or go on to teach in these areas also.

Yet, when it comes to finding the student aid that many need, individuals who may come from a low income background do have options still through federal Pell Grants, but there are also academic opportunities for students who have maintained excellent grades throughout their academic career to find financing through free student aid sources as well. Financial aid counselors often suggest that students explore more specific scholarship and grant opportunities after they have applied for general or well-known sources of college assistance, as there may be opportunities available in their area or state that could meet the entire cost of their college tuition needs.

Again, future educators who also may be pursuing a career in teaching within a high-need field may not only have federal options through grants, but scholarships within their state that could help avoid the need to borrow student loans and the problem of graduating school with debt. While these forms of assistance are not limited to educators or men and women pursuing a science or mathematics degree, as more schools may have limited funding or eliminate programs, students will have to begin seeking out not only more scholarship opportunities, if they are coming up short in the area of financial aid, but exploring more specific scholarship and grant options that are tailored for individuals pursuing their particular degree or future career.