Rising College Expense Spur Students To Apply For Grants
by Michelle Conner
It’s a hard, cold fact of life today: college is outrageously expensive. Researching about free scholarships and grants will lead to a more organized college search. Very few people can pay for it out of pocket, because there are so many expenses beside the cost of tuition itself. For example, you will still have to pay lab fees and other fees, textbook costs, and room and board. It’s stressful thinking about having to come up with the money to pay for it all, because you know that your savings won’t cover it.
It’s a pretty sure bet that no one’s savings for college has increased enough to cover those costs, because over the last 30 years college tuition has increased by 300%. That’s a lot of money, and most people don’t have that kind of cash readily available. Regrettably, those huge rises in tuition and fees will leave a lot of students out of luck when it comes to getting a college degree.
Fortunately, there is hope for students who find themselves in a financial situation that leaves them unable to pay for all or even part of their school expenses. They needn’t give up their dreams of getting a college degree and improving their lives and the lives of their families. There are a large number of programs designed to help students who need financial help pay for school. A student should take the time to do research about life experience degree so he knows what else he needs to learn about.
Grants are an excellent way for a student to pay for all or part of their education. Grants are a form of financial assistance that essentially gives money to students who need help. Many students might not know that grants are given from many different kinds of organizations and individuals. For example, there are government grants, as well as privately and publicly funded grants, in addition to a great number of corporate grants.
Grants are an ideal tool for students who have limited financial means, because they are essentially gifts. Unlike a student loan, they never need to be paid back. That means that students who receive grant money will not graduate with tens of thousands of dollars in student loans that need to be repaid over a certain period of time after graduation. Grants will allow a student to pay for tuition and other costs as they are incurred without racking up debt.
To qualify for a grant, you have to start by filling out and submitting a FAFSA (Free Application for Federal Student Aid).Using the information on the form, a student’s eligibility for grant money is determined by calculating their EFC
(expected family contribution). In addition to government grants, many other grant givers use the FAFSA to determine whether or not a student is eligible.
The Pell Grant may be the most popular government grant because of its generous awards to students who have the most need. Students who qualify can receive as much as $5,550 each academic year, which can go a long way towards college expenses. For the first time this year, the Pell Grant can be used during summer academic sessions, which may help students complete their classes and graduate sooner.
Students in nearly every cultural, ethnic, and racial group have grants that are available to them for online college. A grant can help a disadvantaged student achieve a higher lifetime earning potential, as well as the personal gain from completing a university distance learning degree.