Between Scholarship Programs And Student Loans
Written by admin on May 9th, 2009
For those who wish to study and finish college but cannot afford the high cost of education, you have 2 choices, either you apply for a scholarship program or you apply for a student loan.
While entering a scholarship program seems more reasonable than taking student loan, both still have their pros and cons.
Of course, when you apply and happen to enter college under a scholarship program, you don’t have to worry about the finances and fees you have to pay for the entire duration of your studies. There are also thousands of grants that are up for grab every year. Scholarship programs have designed system that works to facilitate every student depending on their financial needs. Whether you are an intellectual person or someone with an average IQ, you can still fit in into one of the many scholarship programs available. Many scholarship programs cater those who are artists, stage performers, athletes, and students with special skills in other fields. They may not have high level of intelligence but they can get scholarships with their talents.
Scholarship programs are also available to students of race, minorities, foreigners, and other sector of society that needs financial assistance. Other programs are also given not only on college students but also on students who want to pursue further studies.
Many institutions also offer scholarship programs that for their members like union groups and religious organizations among others.
In case you don’t fit in to one of the criteria of becoming a scholar, the option to take is student loan.
Student loan is a type of financial aid that helps student to pay their tuition provided that they would pay all the expenses back to their sponsors.
If scholarships do not ask for return, student loans do.
The good thing about student loan is that you can move freely as a regular student in the campus without worrying so much of maintaining high grades and skipping other activities to attend gym practice or early morning job. Although you can always apply for scholarships under the available grants, you are the one who choose what it is.
A drawback though (if you want to consider it a drawback since you have already finished your studies) is that you have to pay the amount you have barrowed from the student loan up to the last cent. Although you have to do this when you are working, it may seem to be a burden to you.
But who cares? The important thing is whether you finish your college through scholarship program or student loan, you can still be proud of your achievement.
Low Jeremy
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11 Comments at "Between Scholarship Programs And Student Loans"
Is this a fair and proper use of tax revenue?
Texas has an extensive program of tuition subsidies for higher education. In-state tuition at colleges and universities is considerably lower than that for out-of-state students. Loans, grants, scholarships, etc. help students to afford college education. All taxpayers contribute to this subsidy, even those without children or any probability of attending college in Texas.
Is this a fair and proper use of tax revenue? Is there justification for this tax burden or should tuition cost be an individual responsibility? Are differences between in and out-of-state tuition appropriate? Should everyone be entitled to a college education?
Can anyone offer more than yes and no questions? I'm writing an essay for my government class and I need opinions. Yes and no doesn't do me much for quotes.
*That should say yes and no answers.
no it isn’t fair.
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Yes.
If it was voted upon by a group of people elected to make decisions on behalf of the people, and it is what the majority of people want: it is just and fair.
Also, you too can take advantage of this benefit. Perhaps you'd like to attain a higher level degree. You'd essentially be funding yourself.
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1. yes 2. yes there is justification 3. yes 4 Especially yes.
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I don’t think it’s right that the tuition should be different. What difference does it make if you live in or out of the state where you want to attend college! And yes! I think everyone should be entitled to higher education. Public universities should be cheaper to attend.
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I think it’s all fair, I think that if there’s government contributions to education more students have the ability to go to college.
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The first easy answer is - differences in in0-state and out-of-state tuition is justified, since in-state people already pay taxes that support the school/college system and out-of-state folks don’t.
As for fair and proper use, one could argue that in fact, even those folks without kids benefit by the subsidy. An educated workforce (which is what you get through the higher education system) is more productive and contributes to higher standards of living. These higher earnings and standards of living benefit all residents by keeping money in state, contributing to higher wages across the board and further contributing to either increased personal/property tax receipts or (if the extra tax receipts aren’t needed) lower tax rates. College educated workers over a lifetime make twice as much as high school educated workers. This extra income that you may have subsidized is taxed and spent.
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Education is a proper use of tax revenue. Businesses hire people who are educated. They reap the benefits of hiring people who are educated and should pay taxes to train their potential employees. Every person whether or not they have kids reap the benefits of education every time they interact with someone else. Business wise education is the best investment our country can make. One of the reason we are falling behind China, India, and Europe is because they value and invest in education more than we do. We’re in danger of becoming a third world country due to anti intellectual, anti tax, and anti progressive attitudes.
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The state has a compelling interest in providing its businesses with educated workers and supporting communities with a stable citizenry. College educated people are more likely to be employed, less likely to be a burden on the taxpayer. By providing educational opportunities for its citizens, funding research into issues important to the state and providing services such as the (Cooperative Extension Service), state-funded universities further the interests of the state. So yes, it is a fair and proper use of tax revenue.
Out-of-state students come from families that don’t pay into the tax fund and are unlikely to settle in the state after graduation. Since the state is funding this for selfish purposes, it is fair to favor in-state students.
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Today I’m feeling liberal. Tomorrow, libertarian.
All taxpayers contribute to loads of things of which they get no direct or indirect benefit. It’s customary for the State to subsidize college tuition and make differentiation between in-state and out of state students.
Any further education of a society is a benefit to all (Conversely having uneducated people is a downfall see: third world country).
Everyone is entitled to apply for college, but there are restrictions on entry. College isn’t remedial and shouldn’t be.
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VP Student affairs
Each person has his or her own definition of “fair”, but it’s certainly legal.
Since states contribute to their higher education systems, it seems reasonable that out of state students pay a higher tuition since they didn’t pay into the state taxes that are subsidizing the schools.
Everyone entitled to a college education? Or a FREE college education? Anyone who can get admitted to college can get a degree, but they might have to work to earn the money to do it, there is no entitlement to a FREE college education.
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