Finding a way to pay for college can be one of the main barriers to obtaining a degree. As the number of professions that require a college degree continues to grow, so too has the expense of many traditional and online universities.
Student loans have become a popular way for individuals to pay their tuition, but many students are not eager to start their professional lives with thousands of dollars of debt. This has made college grants an attractive option for many students looking to pay for school.
Unlike loans, grants do not have to be paid back, lowering the barriers to education without holding students back after they graduate.
The Pell Grant is a program administered by the federal government from which many students have benefited. The amount a student receives from this fund is determined by their financial need, but it can provide up to $5,350 per year for tuition and other expenses.
Grants can come from many sources, whether they are government programs or nonprofit agencies. Doing some research can reveal many other college grants that can help students pay their educational expenses. For instance, the Department of Education has a page that lists all of the states’ education sites. These sites are a great resource for finding grants.
Wherever the money comes from, college grants help many students obtain a degree that can make it easier to find a well-paying job.