Why is Scholarship the best form of Financial Aid?

The first thing that comes to our minds when we read “Financial aid for Students” is the finance for education, and that is the common perception because students are individuals who are busy in getting themselves educated. And, this need of financial aid for education usually arises once a student gets out of school and is ready to get into college, because education gets expensive with an increase in its level. Not only that, the cost of education also gets higher if you are willing to take admissions in premiere institutes.

loan scholarships financial aid

The only possible way to get away with or partially solve this problem of high cost of education is to take up a financial aid. This financial aid can be of given types-

  1. Education Loan
  2. Grants
  3. Scholarships
  4. Loan scholarships

I have already explained what education loans and loan scholarships are and how they are different from each other in my previous blog, here I will talk about scholarships and how are they the best type of financial aid that a student can go for.

Scholarship is a smart choice in today’s world; the 5 dominant reasons for this are-

  1. The first reason why you should opt for taking scholarships as and when possible is the same for which you need to take up a financial aid, high cost of education.
  2. Some of you might be away from home to study and there are a lot of other expenses other than that of your college fees, so if your college fees which is major expense gets sponsored, the burden on your shoulders can decrease a little, if not substantially.
  3. Student’s loans or loan scholarships in debt you to pay them back, with interest sooner or later. This is not the case for scholarships.
  4. Many of you must have scored excellent marks in your exams, and for all your hard work and efforts, you deserve an appreciation! Scholarship is the appreciation you must look for and it does not necessarily have to be linked to the need of it.
  5. The major reason why you must take a scholarship is because you have the option to do so, and when you have an opportunity at your disposal you shouldn’t let it go.

Fun Fact:

srk's daughter

 

Shahrukh Khan’s daughter Suhana received a scholarship of 50,000 dollars for her writing skills in the year 2012. Clearly, she did not receive a scholarship because she needed it, but because it was an appreciation for her skill and talent.

 

Where to find the best scholarships as per your need?

As boring as the word scholarships sounds, finding scholarships too was equally boring. But not anymore, as ScholFin.com has made finding scholarships a child’s play! All you need to do is to register yourself providing some basic details about you and you can find a list of all the scholarships you are eligible to apply for.

Author: scholfin

ScholFin – India’s First Scholarship Search Engine

ScholFin - India’s First Scholarship Search Engine

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Why is Scholarship the best form of Financial Aid?

The first thing that comes to our minds when we read “Financial aid for Students” is the finance for education, and that is the common perception because students are individuals who are busy in getting themselves educated. And, this need of financial aid for education usually arises once a student gets out of school and is ready to get into college, because education gets expensive with an increase in its level. Not only that, the cost of education also gets higher if you are willing to take admissions in premiere institutes.

loan scholarships financial aid

The only possible way to get away with or partially solve this problem of high cost of education is to take up a financial aid. This financial aid can be of given types-

  1. Education Loan
  2. Grants
  3. Scholarships
  4. Loan scholarships

I have already explained what education loans and loan scholarships are and how they are different from each other in my previous blog, here I will talk about scholarships and how are they the best type of financial aid that a student can go for.

Scholarship is a smart choice in today’s world; the 5 dominant reasons for this are-

  1. The first reason why you should opt for taking scholarships as and when possible is the same for which you need to take up a financial aid, high cost of education.
  2. Some of you might be away from home to study and there are a lot of other expenses other than that of your college fees, so if your college fees which is major expense gets sponsored, the burden on your shoulders can decrease a little, if not substantially.
  3. Student’s loans or loan scholarships in debt you to pay them back, with interest sooner or later. This is not the case for scholarships.
  4. Many of you must have scored excellent marks in your exams, and for all your hard work and efforts, you deserve an appreciation! Scholarship is the appreciation you must look for and it does not necessarily have to be linked to the need of it.
  5. The major reason why you must take a scholarship is because you have the option to do so, and when you have an opportunity at your disposal you shouldn’t let it go.

Fun Fact:

srk's daughter

 

Shahrukh Khan’s daughter Suhana received a scholarship of 50,000 dollars for her writing skills in the year 2012. Clearly, she did not receive a scholarship because she needed it, but because it was an appreciation for her skill and talent.

 

Where to find the best scholarships as per your need?

As boring as the word scholarships sounds, finding scholarships too was equally boring. But not anymore, as ScholFin.com has made finding scholarships a child’s play! All you need to do is to register yourself providing some basic details about you and you can find a list of all the scholarships you are eligible to apply for.

Author: scholfin

ScholFin – India’s First Scholarship Search Engine

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