A commendable generation of forward thinkers has become established in today’s society. With a focus on achieving seemingly insurmountable obstacles and succeeded versus the odds against them, this generation of previously “disadvantaged” students is pioneering the way toward higher education.
Despite the exorbitant costs now associated with financing higher education and the associated living costs students also typically incur during these undergraduate and graduate years, more students are looking forward to matriculating with a degree and many are even going as far as obtaining advanced degrees in their respective fields.
Although this adherence to education is providing the global community with more prepared, diverse, and efficient leaders and workers alike, it is also becoming increasingly difficult to break down the barriers that sometimes bar exceptional students from reaching their full potentials.
As the cost of higher education continues to rise, more families are finding it difficult to finance their children’s educations. With one or more children attending higher education institutions such as colleges and universities, sometimes private, sometimes public, and sometimes a combination of both, can lead to more than just financial struggle; it can also lead to bankruptcy.
Many financial aid and scholarship programs are based on a student’s, or his or her parents’ combined income. Families who fall within a certain income tax bracket are often exempt from qualifying for some educational funding; however, this does not mean that students from such families cannot benefit from some financial assistance toward their educational costs.
Of course, your own speculations about income are not necessarily correct according to some government definitions. Therefore, it is extremely important that EVERYONE complete and mail out a FAFSA application. The FAFSA, or the Free Application for Federal Student Aid, distributes government-funded money allocated for students who require federal assistance for financing their educations. FAFSA agents will be better equipped to decide whether or not you qualify for aid in compliance with government standards.
In the event that you do make too much money to qualify for federally funded aid, remember that there are many other alternatives to financing your education. Many scholarships exist that are geared toward specific interests. Some institutions offer scholarships for as seemingly insignificant markers such as “having blue eyes and writing an essay about your experiences” so, definitely do some research online. Chances are, you’ll be surprised by what you find.