BusinessHABStudent loans: Finding the money for college can be stressful. But there are many ways to fund your education without breaking the bank. These 50 student scholarships and loans can help. Whether you are looking for a small award or a large loan, there are financial aid options for students almost everywhere.
Students should begin researching financial aid early in their academic career as this support is limited in quantity and applicants often have to compete with other students to receive it. Many grants and scholarships require specific criteria be met before they can be awarded.
While there are numerous types of financial aid available, not all of them will be right for you. It is important that you understand exactly what each type entails so that you can make the best decision possible given your specific circumstances.
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The 50 Best Student Loans and Scholarships for the Year
Student loans: Universities cost a lot of money, and it’s not getting any cheaper. According to the College Board, the cost of attending a private university has risen from $19,200 for tuition and housing in 2016-2017 to $20,800 in 2018-2019. Public university costs have also increased from $20,100 to $21,419 during that same time period. Even as financial aid packages become more generous at many universities, students will still need to pay a lot of money. Luckily there are lots of ways to fund your education without going into debt or using up your savings. We’ve compiled a list of the best scholarships and student loans out there right now.
Scholarships for Women, Minorities and Everyone Else
There are thousands of scholarships out there, and most of them don’t have any restrictions on race, gender, religion, or field of study. The trick is knowing where to look to find them. You can start by contacting your school or your state’s department of education to see what financial aid they can offer. Also try to get involved with your community and take advantage of scholarships offered through volunteer groups. Other groups that often have scholarships available include people of certain religious faiths, LGBTQ groups, people with disabilities, and more. There’s no better way to find out about scholarships than to ask around. If you are a woman or belong to a minority group that is underrepresented in STEM fields, you should apply for an ECE (Early Childhood Education) Scholarship. This scholarship program was created in the 1990s by the ECEDD (Early Childhood Education and Developmental Disabilities) Community. The goal of this program is to encourage underrepresented populations (women, minorities, individuals with disabilities, and veterans) to enter the field of early childhood education (ECE). There are ECE scholarships available to students studying early childhood education at both the undergraduate and graduate levels.
Federal Loans
Student loans: If you don’t have the savings to cover your education expenses or if you are not able to get a private loan, you can always apply for a federal loan. The trick with federal loans is that they have a much higher interest rate, so you’ll have to pay them off over a longer period of time. However, you can defer your payments until after you graduate if you’re still in school, or if you’re unable to find a job. The interest will continue to add up, but you’re not required to make payments during this period. Federal loans include the Perkins Loan, Stafford Loan, and the PLUS Loan, among others. There are also plenty of other scholarships and grants you can apply for, so don’t rule them out just because you have to take out federal loans.
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Scholarships for Science Majors
If you’re a science major, you may have noticed that scholarships are pretty limited. However, there is a scholarship for physics majors called the George E. Brown, Jr. Scholarship. It’s only available to minority students studying physics. Another great science scholarship is the Intel Scholarship. This scholarship is available for engineering and computer science majors who demonstrate leadership. If you want to study computer science, try joining a robotics club or hackathon to stand out from the crowd. Or you can apply for a scholarship from Google. Google awards scholarships to thousands of students each year. You just have to join their university program, so check out their website to learn how.
Scholarships for Athletes
If you’re a collegiate athlete and you’re looking for a scholarship, know that there are thousands of dollars out there for you. The trick is applying for them. The NCAA hosts a website where you can search for and apply for thousands of athletic scholarships. The NCAA website also has a ton of information on eligibility rules and regulations, so it’s a great resource for any college-bound athlete. Another great resource for athletic scholarships is NSCH (National Scholarship Clearinghouse). They’ve been assisting students in finding athletic scholarships since 1992. They’re a non-profit organization that charges no fees to students, and they’ve awarded millions of dollars in scholarships.
Student Loan Hacks
Student loans: We’ve all been told that we should get as much money out of our parents as possible and avoid student loans at all costs. Unfortunately, the rising cost of college has made this advice completely impractical for most students. Luckily, there are lots of ways to hack the system and get the most out of your student loans. First, you should apply for every type of loan you are eligible for. You can apply for federal loans and private scholarships through websites like CFED’s Scholarship Search. You could even apply for a credit card and use it for your textbooks and everyday expenses. Just make sure you pay it off before the end of the month.
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Conclusion
Student loans: We’ve all been told that we should get as much money out of our parents as possible and avoid student loans at all costs. However, the rising cost of college has made this advice completely impractical for most students. Luckily, there are thousands of ways to fund your education without going into debt. We’ve compiled a list of the best scholarships and student loans out there right now. Now that you are an expert on scholarships and student loans, you are ready to take on the world! Get out there, search around, and find the best funding option for your education. Don’t let the fear of debt hold you back from pursuing your dreams. There are many scholarships and student loans available to fund your future.
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