When a student is weighed down by student loans, then student couldn’t care for anything more than to get rid of it. There are actually millions of people across the United States who are practically in the same position (with student debt). Some are struggling, while others are making some progress, and then there are others who are just about getting by.
There are stories of ancient shrines and institutes, where students were paid to learn! Kings, Emperors or Lords used to support these shrines and everything form tutors’ pays to students’ eating expenses, all were paid by them. The Church kept this healthy tradition in practice for a very long and even today, some theological colleges are working on these bases, but for all the other fields of education, things have changed a lot!
Well if there`s a degree that is expensive and student can`t afford it`s expenses then there`s still a way to earn that degree. That way is through obtaining financial aid that most of the universities and other institutes offer. There are many types of financial aids available to students including Grants, Loans, Scholarships and many others.
What is Financial Aid?The word Financial Aid may confuse many individuals and consequence in many questions including: What is financial aid? How I would apply for it? Do I have to return it to? Is there any interest or surcharges included in it?
There are different types of financial aid programs available, including:
- a. Government Loans
- b. Private Loans
4. Private Scholarships
Sometimes getting financial aid and applying for the aid is difficult because of all the complex procedures involved in it. To apply for a financial aid, an individual may follow the following the steps: