Let me begin this with a fact that we can all agree on: college is expensive. With the national average of tuition plus room and board combo hovering around $35,000 per year, it’s no wonder more and more people are looking into Financial Aid to help foot the bill of a college education. Now there are three important options to consider when assessing how you’re going to tackle college tuition: grants, scholarships, and student loans. Additionally, there is nothing wrong with using a combination of the three!
Did you know that 2/3 of full-time college students receive some kind of financial aid to help with school? A grant is one type of financial aid that is offered to students. A grant is money that is given to students who have a financial need. Just like a scholarship, the money doesn’t need to be paid back, but the differences between grants and scholarships are in the application. There are certain eligibility requirements that need to be met by you to get some grants.