A GUIDE ABOUT FINANCING YOUR US UNDERGRADUATE PROGRAM
Jan 19th 2021 - 07:134 0
A successful academic career paves path for a successful future. It’s just your hard word that arms you with the knowledge, skills, and expertise to go out in the field and face the world. Education is the most powerful tool that one can use to shape their future and make the world a better place. But all is not a bed of roses; as we enter the practical life, we soon discover that ‘money’ makes the world go around. This means that even your academic dreams require to be funded accordingly.
We understand that this statement alone may have broken some hearts, but we feel it is our responsibility to inform our readers of the hard, cold, and bitter truth out in this world. With that, we also take giving hope as a part of our responsibility and provide solutions to students who have the heart and hopes of furthering the world by contributing to it academically and then professionally. We salute those brave and courageous youngsters with passion brighter than the sun and hopes higher than the Everest itself.
So let’s have a look at how an undergrad student can finance their studies. We are listing down the best and the most practical methods almost anyone can utilize. Although some of them have specific criteria to meet, but most of them are versatile in practicality.
This is perhaps the most commonly known and easily accessible form of financial aid. There are different types of scholarships which can be availed if you fit in the eligibility criteria for them. These include:
To avail a scholarship, a student must first check whether they meet the eligibility criteria and apply afterwards.
A financial grant is somewhat similar to a scholarship, except there is a catch. Depending on the circumstances and criteria, you may:
The last case is quite rare and most of the times, students don’t have to pay back anything. In the United States, following are the types of grants that students can avail by applying:
The grants are subjected to the financial needs of the students and are granted upon fulfillment of the criteria.
Majority of the students have to resort to this option despite it being the least favorite yet the most popular one. This means that the borrowed amount must be paid back with interest. Following are the types of loans offered to students in the form of financial Aid:
The federal Loan Programs are regulated by two distribution channels:
Just like with other forms of financial aids, they also need to be applied to and not necessarily every application is approved.
This option is also available when all else fails. You can enroll in a community college or part-time program while working for the rest. This way, you can enjoy financial freedom while also furthering your academic career.
Desperate times call for desperate measures. When you have no other option left, you still have your family. Ask your parents or immediate family if they can support your academics while you work and study to support yourself. Not the best option but it’s worth a try.
And there you have it; the best tried and tested methods to finance your undergraduate program. We hope you will find this piece useful as we have intended for it to be. We wish you success in your academic career and in your future.