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 Career
Billie Eilish Is Just Starting Her Career But Has Already Broken These Records
It’s hard to believe that Billie Eilish is just 18 years old looking at all the things she’s already achieved. After...April 18, 2020
Ariel Winter Claps Back Against People with Harsh Opinions About Her Transformation
Celebrities live a charmed life. It’s not always sunshine and rainbows for them though. Living in the public eye, stars often...April 18, 2020
Pink Tested Positive for COVID-19, Here’s How Her Family is Coping with the Illness
Testing positive for COVID-19 can send anyone in a panic. After all, the respiratory illness, brought by the fast-spreading novel coronavirus,...April 18, 2020
What is Warren Buffett’s Next Move After Losing Billion Amidst Coronavirus Panic?
Warren Buffett is among the most admired and trusted investors in the world. Thus, it’s not surprising that many are watching...April 18, 2020
5 Things You Need to Do Right Now If You’re Dealing with Job Insecurity
Times like these could easily make one stress out more about the status and stability of their current job. After all,...April 17, 2020
How This 2nd Generation Immigrant Entrepreneur Landed a Business Deal with a Billionaire
Immigrants and their children often have to work harder than to prove themselves and achieve the same level of success that...April 17, 2020
Spanx CEO Is Saving Brides’ Special Day By Lending Them Her Own Wedding Dress!
Sara Blakely has been helping lots of women and brides around the world to fit into their clothes and feel better about...April 17, 2020
This Man Made Billions from Coronavirus Crash But He Might Get in Trouble for It
A lot of investors are currently dealing with the aftermath of the coronavirus panic’s impact on the stock market. Both small...April 17, 2020
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...April 17, 2020