Students from low-income families are not the only ones that struggle to pay for their education. According to the Education Data Initiative, the rate of student debt accumulation is gradually increasing. Furthermore, the average public university student in the United States borrows around $32,637 to obtain a bachelor’s degree. Unfortunately, students from low-income families may not be able to obtain student loans, particularly those that need a cosigner or collateral. This is why there should be scholarship options for kids, allowing them to access quality education because every child and student deserves it.
A popular saying goes, “Give a man a fish, and you feed him for a day; teach a man to fish, and you feed him for a lifetime.” The significance of education cannot be overstated. When students opt to pursue an education, they will reap numerous rewards. Some of them are as follows.
Pursuing greater education improves a student’s future professional prospects. Students grow certain of what they want to be in the future. They are exposed to information that will influence their job decisions and, as a result, the quality of their lives.
- Scholarships based on merit: Merit-based scholarships are those that are awarded based on merit. They are awarded to pupils solely on the basis of their academic performance. Examples include:
- Need-Based Scholarships: To be eligible for this sort of award, the applicant/student must demonstrate financial need. They are frequently for persons who cannot afford to pay for their own education.
- Government-Funded Scholarships: The government frequently sponsors government-funded scholarships. Although many of the scholarships are given to Americans, some are given to overseas students as well.
- Country-based Scholarships: These scholarships are frequently given to students from specific nations. Some of these countries may be affected by insurgency or natural calamities.
- Privately sponsored scholarships: As the name suggests, these types of scholarships are funded privately.
Scholarships are available for students from low-income families.
Scholarship possibilities are available to help students from low-income families to achieve their aspirations and provide them with access to quality education. Among the scholarships available are:
Aga Khan Foundation Scholarship Programme
INSEAD Business School International Scholarships
The Mastercard Foundation Scholars Program
MIT – Zaragoza Scholarship Program
Enrolling in the world’s best institutions can improve your chances with employers. Unfortunately, due to the current economic situation, studying abroad can be rather costly. However, this should not limit your possibilities because there are alternative ways to advance your profession.
Topics #Educational Barriers #Scholarships #Students
