Getting a higher education can come at a huge costs. One has to meet the tuition fees; cost of books, room and board and food, it is advisable to have some money set aside for one’s upkeep. A few of us are lucky enough to meet all these costs comfortably using their own or rather, their parents’ money.
For the majority who cannot rely on only one source to fund their college education, there are ways which one can raise funds for college.
Government grants have helped many to fund their college education. The grants could be handed directly to the college or to individual students. Government grants are meant to meet costs of tuition fees and books (through college libraries). This reduces the high cost of college education, with more focus on public colleges. Learn more about government grants at www.grants4college.com/
There are numerous college scholarships and grants being offered to students from various sources. To receive these, one has to meet a set eligibility criteria, such as a set grade point average, participation in sports, in some cases disabilities or an identified talent. College scholarships and grants are not paid back: they are obtained from philanthropic sources such as churches, wealthy individuals and so on. Colleges too help students identify genuine college scholarship and grant offers through student advisors.
Another way of funding college education is through student loans. In most countries, these loans are offered by the government to students who meet a set criterion. Student loans have very low interest rates. The student is expected to pay back the loan after completing college, followed by a grace period to allow the student to find employment and he or she is expected to start paying through small deductions from his or her salary. Loan defaults are penalized, but on several occasions, the government may waive the penalties briefly.
Parents can also provide funding for their children’s college education through educational loans from banks and other financial institutions. Most parents set up a college fund for their children while they are still young. These funds are kept in banks and accumulate interests and bonuses until they mature. This case is similar with educational endowment policies offered by insurance companies.
As a college student, you can also find employment. Although it may not be your dream job, the money you earn can help you pay for few things in college such as books, accommodation or even your upkeep. Be sure to find a job that pays well above the minimum wage. Some employers have an employment plan for their staff to fund their college education through easy loans, warding college scholarships to their best employees, bonuses and grants.
Another source of funding is the various grants and bursaries offered to students while in college. These are awarded through essay competitions, common in most colleges, awards on merit or bursaries for ongoing students from the government. These awards can paid directly to your college as part of your funding. This means that as a college student you have to be an exceptional student and have access to information such as the availability of these grants.
Contributions from friends and family can also be used to fund your college education. Most of your friends and family may not demand their money back, so you could consider these contributions like a grant of sorts.
If you’ve already made up your mind and want to pursue a career in health; check out these grants for nursing students and see if you qualify.