Covid-19 Could be Disastrous for College Students, But Here’s the Solution if You Can’t Pay Your Fees This Year
The topic of the high cost of tertiary education in the United States has long been a societal concern. Now, it’s made more complicated by the ongoing coronavirus pandemic. According to reports, some incoming college students are already growing concerned about whether or not they can still afford to go to school in the coming school year.
In fact, a survey done by Nitro College on 6,500 high school seniors has found that more than half of students said that they were financially impacted by the coronavirus. Likewise, their parents were also worried about helping their kids pay for college while they’re furloughed from their jobs. Here are some options they can turn to finance their education.
Financial Aid Options
Almost all families with a child going to college admit that they find it necessary to get financial aid to pay for their tuition, according to The Princeton Review. That said, parents, as well as students, are advised to file for the Free Application for Federal Student Aid (FAFSA). Those that have already done so before the coronavirus pandemic should consider amending their application to reflect their current situation, especially if they just lost their income or experienced a death in the family. They could also directly contact a university’s financial aid office to ask for a judgement review and appeal for more aid.
Scholarships & Grants
Of course, students can also look for scholarships and grants they qualify for to cover a portion of their tuition. Over 8 in 10 families reportedly go this route and it’s not surprising since getting aid that isn’t debt is more preferable. One problem incoming college freshmen will encounter though is that it might be too late to apply for some scholarships at this time. Still, they should continue looking for potential grants from organizations working in their community. Applying for something close to home might increase the chances of one getting assistance.
School of Choice
Considering the economy’s current state, more students might opt to enroll at more affordable public schools instead of private universities, which are generally more expensive. It would also be wiser for them to go somewhere not too far from home to save on living expenses. Another option is starting out at a community college instead of a four-year college. Doing so would allow them to acquire credits for two years at a fraction of the cost and then transfer to a regular college to finish one’s degree.
More in Business
How Much Money Does It Take To Be Considered Wealthy In The U.S.?
The United States is a large and diverse country with big regional variances and even noticeable differences from one city to...July 31, 2022
All You Need To Know About The Cost Of Living
When you pay your monthly bills, you probably notice that certain expenses rarely change by much. This list includes things like...July 23, 2022
Ways You Can Upscale Your Freelancing Career
According to a 2021 Freelance Forward Report by the Upwork platform, nearly 59 million Americans are getting employment through freelancing. For...July 17, 2022
How Pakistan Is Dealing With Wealth Inequality That Prevails In The Country
It is very important that the government must intervene to address the wealth inequality in Pakistan. Relying on markets and competition...June 27, 2022
A Healthy Lifestyle Is The Best Way To Prevent Alzheimer’s – Here’s What You Need To Do
You might have grown up hearing that Alzheimer’s is an old-age disease. Well, contrary to popular misconception, Alzheimer’s can strike someone...June 22, 2022
A Tech Bust? Goodbye To The Good Times In Silicon Valley
Have you ever visited a party, only to see the guests starting to leave? Although the music is playing and the food...June 13, 2022
2 Best Budget Influencers & Bloggers to Follow in 2022
Budgeting is by far the most important factor in life. Whether you are a 9 to 5 worker or a solopreneur,...May 24, 2022
Tips For Business Moguls
To succeed in business today, you need to be flexible and have good planning and organizational skills. Many people start a...May 12, 2022
How to Take Back Control Over Your Finances When Everything Else Is Falling Apart
The widespread disruption to normal life caused by the coronavirus pandemic not only halted the social lives of Americans but also...May 7, 2022