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Financing Your Education Essay

  • Submitted by: NellyNeal
  • on February 15, 2011
  • Category: English
  • Length: 857 words

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Below is an essay on "Financing Your Education" from Anti Essays, your source for research papers, essays, and term paper examples.

Financing your Education
Nelly Neal
October 29, 2010

Financing your Education
      College can be very expensive for students; this is why it is necessary for students to get financial aid. Financial aid is monetary help offered to students through government agencies, individual schools, and other sources. Financial aid can be classified into three different categories: the first category is the scholarship; the second category is the federal government grant; and the last category is the student loan.

    Students may apply for numerous scholarships. There are federal scholarships, school scholarships, and private scholarships. Federal scholarships have restrictions; there are specific requirements necessary in order to obtain a federal scholarship. First, you must be a citizen of the United States. And federal scholarships may be awarded based on academic performance, talent, skills, or other factors. Although federal scholarships may have specific requirements, you do not have to pay them back. Unlike federal scholarships, school scholarships are offered directly from the schools. Most schools will offer some sort of scholarship for their students. These scholarships are based on a standard approach that may include incoming GPA, the review of deservedness, athletic ability, or artistic contributions. Most schools may end up giving scholarships worth a few hundred dollars, while other schools may cover a student’s entire tuition and living expenses for the duration of their education. Normally these types of scholarships are limited to certain age groups or working income levels. For example, when I attended adult high school in the United States I did not qualify for a scholarship even though I had a high average GPA; I was told I did not qualify because I was over 21 years old, and my family’s annual income was higher than the required limitation. Due to these restrictions, I began to...

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