Rosalind Evans
College financing can feel like a quagmire, especially with the current student loan debt surpassing $1 trillion. However, with strategic planning and thorough research, students can graduate debt-free. Many alternatives exist, such as community and commuter colleges, as well as scholarships and grants. As a parent or student, you may wonder how college financing can work in your favor, and the answer lies in tapping into the wealth of private grants available.
James Lewis, president of the National Society of High School Scholars (NSHSS), based in Atlanta, stated, “The fact is, 1.7 million private scholarships and fellowships are available, estimated at more than $7.4 billion.” Unfortunately, much of this sum goes unclaimed because students either believe they are ineligible or are unaware of these opportunities. To maximize your chances of obtaining these grants, follow Lewis’s advice: research extensively, never assume ineligibility, apply meticulously with proper grammar and spelling, and apply early and often. In addition to these tips, remember to search locally and nationally, inquire about internal grant opportunities at your preferred college, and explore work-study options. The key is to be proactive, thorough, and persistent in your search for financial aid.
Ultimately, college financing is a significant decision that will affect the rest of your life. Approach it with the diligence and seriousness it deserves. Be smart, tough, and unafraid to negotiate and advocate for yourself. By doing so, you will maximize your chances of graduating debt-free and set yourself on a path to financial stability.
