Scholarships Help Bridge the Gap Between Financial Aid and a Quality Education
Scholarships make it possible for students to attend schools of higher education. Costs determine whether or not graduating high school students go on to college or find a job at the end of the year. The extra funding can bridge the gap between financial aid and family contributions, allowing more students to attend college than before.
A college education is more important now than ever in the past. It’s not enough to simply want to send your child to a prestigious university, but you have to find a way to finance that 4-year college experience.
In 2017, the average cost of a community college was $20,770. The cost for the 2020 – 2021 school year is closer to $41,411 at private colleges and universities. It is easy to see why many families struggle to make college a reality for their children. This is where scholarships and financial aid can help.
What are Scholarships?
Scholarships are additional funds awarded to students to help pay for college. There are three types of scholarships offered; one is based on financial need (unemployment or low-income) and the other two are based on academic merit or athletic ability such as football, basketball, cheerleading, gymnastics, and volleyball.
There are over 750,000 scholarships available for students who qualify for them. There are scholarship programs for students entering medical programs (doctor, nurse, respiratory therapist) and those who achieved top scores on their SAT and ACT exams.
The organization offering the scholarship determines the criteria for eligibility and how the funding is to be used. Most often, the funds are used to pay for tuition, textbooks, school supplies, room and board, or living expenses if you’re living off-campus.