In scholarships and grants took over the largest piece of the pie -- but not by much. As we discussed in a blog post:. That gap is why scholarships are more important than ever. By taking some of the financial pressure off of students and families, we can enable greater success in college, helping deserving students who want to graduate with their degree and give back to society.
He received a variety of funds for school, from Pell Grants to state scholarships. It represented the people that I was accountable to, and it made a real difference in my life. Whether it's their workplace, their parents' employer or their local community, that personal scholarship support does more than pay some bills. It also instills a greater sense of belonging — and motivation — to make it through their higher education.
Scholarships are more important than ever from a financial perspective -- and your scholarship program is crucial to the students in your community. If you win a scholarship, you can give yourself a pat on the back. For some scholarships there are thousands of applicants. When you are recognized for your accomplishments it gives you the confidence to pursue other goals.
It is very important for students to recognize their own potential early in their academic career so that they foster its growth—receiving recognition from an organization or company helps students take this step.
Receiving a merit-based scholarship indicates that you stood out among your peers. The scholarship provider recognized this quality, and it is important that you know see it too.
When you apply for colleges or jobs in the future, you have proof that in at least one area you can distinguish yourself from other peers. This knowledge will motivate you to challenge yourself to reach higher goals in your own life.
Maybe you're one of the lucky students who aren't relying on financial aid to get through school—if so, it does not mean that you can't benefit from a scholarship. Some scholarship offers send winners the reward directly. This is good news for students who don't need financial aid to pay tuition, as the money can be used to pay for other expenses associated with college.
Instead of spending your earnings from a part-time job on essentials like food and books, a scholarship lets you spend somebody else's cash! Financial assistance is a necessity for many college students, particularly those planning careers that require many years of education beyond the undergraduate level.
Scholarships have unique benefits and are the most desirable form of financial aid. Many are merit-based or awarded as recognition for certain achievements. Like grants, scholarships do not have to be repaid. But grants are often need-based, so scholarships are more prestigious and can enhance your resume as well as help you pay for your education. Many students graduate from college with enormous student loan debt or limit their education in an attempt to control costs.
Because scholarships are free money, however, students can focus on their careers instead of thinking about how they will repay loans. This allows them to go into fields like law or medicine that require postgraduate training or to pursue careers in public service or other areas that don't pay high salaries.
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