Applying For Scholarship Programs Or Student Loans

Your choices are to either apply for a scholarship program or a student loan if you

want to study and finish college but you can't afford the high cost of education.

While entering a scholarship program seems more reasonable than taking student loan, both still have their pros and cons.

Of course, you don't have to worry about the fees and finances you have to pay for the entire duration of your studies when you apply and happen to enter college under a scholarship programs. Every year, there are also thousands of grants that are up for grab. A designed system that works to facilitate every student depending on their financial needs is what scholarship programs have. Whether you are an intellectual person or someone with an average IQ, you can still fit in into one of the many scholarship programs available. Many scholarship programs cater those who are artists, stage performers, athletes, and students with special skills in other fields. They may not have high level of intelligence but they can get scholarships with their talents.

To students of race, foreigners, minorities, and other sector of society that needs financial assistance, scholarship programs are also available. Other programs are also given not only on college students but also on students who want to pursue further studies.

In many institutions, scholarship programs for their members like union groups and religious organizations are being offered as well.

Your option is to take a student loan in case you don't fit in to one of the criteria of becoming a scholar.

Student loan is a type of financial aid that helps student to pay their tuition provided that they would pay all the expenses back to their sponsors.

Scholarships may not ask for return but student loans do.

You can move freely as a regular student in the campus without worrying so much of maintaining high grades and skipping other activities in order to attend gym practice or early morning job and this is the good thing about student loan. You are the one who choose what it is although you can always apply for scholarships under the available grants.

A drawback though (if you want to consider it a drawback since you have already finished your studies) is that you have to pay the amount you have borrowed from the student loan up to the last cent. Although you have to do this when you are working, it may seem to be a burden to you.

Whether you finish your college through a scholarship program or a student loan, what matters is that you can still be proud of your achievement.

by: Ann Markey

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