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This includes taking out student loans, applying for grants or potentially winning a scholarship. Below is a primer to help you decide which kind of financial aid is best for your situation.
With student loan debt continuing to affect borrowers for years, even decades, after graduation, it’s more important than ever for college students to lower their tuition bill. Scholarships, or ...
Scholarships are the best way to pay for a college degree since they don’t need to be repaid, unlike federal or private student loans. When it comes to maximizing your scholarship earnings as a ...
Scholarships are not a large component of college financial aid in the United States; they are far surpassed by grants, for which the only qualification is financial need, interest-free loans (while the student is in college), and subsidized campus employment. [5] (See Student financial aid in the United States.) A student who receives a ...
With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships, which are not repaid, and grants, which rarely have to be repaid. Student loans may be discharged through bankruptcy , but this is difficult. [ 2 ]
In the college financial aid process in the United States, a student's "need" is a figure that colleges use when calculating how much financial aid to offer a student. It is determined by taking the college's Cost of Attendance , which current rules require each college to specify.
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Applying For Scholarships: No Longer A Wild Goose Chase - Forbes.com
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