What is Financial Aid? According to studentaid.gov, “Financial Aid is money to help pay for college or career school. Grants, work-study, loans, and scholarships help make college or career school affordable.”
Financial aid has a lot of controversial opinions around it. Some may even think they do not need it or just simply think it is not necessary above other reasons.
Is financial aid necessary?”
“Yes, because I cannot afford college by myself, I know I can’t. So financial aid is definitely needed,” said London Haywood.
The reason financial aid is essential is due to numerous things needed for college, such as tuition and fees, room and board, computer, books, dependent care, and other coursework supplies. Financial aid covers a wide range of other expenses for students and their families.
There are a variety of options out there and one of them is scholarships. Students who win scholarships can choose a better program, shortening the danger of dropping out. Scholarships can even go further than financial aid for a lot of students. But according to fastweb.com, students can lose your academic scholarship “if you spend the scholarship on something other than what the scholarship is for” and “if the scholarship required a minimum grade-point average to qualify or to maintain the scholarship and you fall below.”
Higher education is made affordable for deserving students, for example, students with a high GPA who are involved in a lot of extracurricular activities.
What makes financial aid, grants, and scholarships so worldwide and so accessible is that college is costly even if you are not in the middle or even high class. There are so many scholarships for absolutely anything for example, if you are right or left-handed, or even just having brown eyes.
So many students globally have a chance of getting their degrees thanks to financial aid, loans and scholarships that make it possible for people to achieve their dreams.