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This web site post had been initially posted in January 2018. This has since been updated to deliver the essential present and relevent information.
The other day, I was thinking school funding was similar to magic that is black. All we knew without a doubt ended up being it “helps students pay money for college.” We wasn’t certain exactly just how if not whom qualified I had a feeling I wasn’t the only one living in ignorance for it, and.
Rebecca Decker is definitely an admissions counselor for Pearson Accelerated Pathways and has now been using her expertise to greatly help a huge selection of university students make good monetary choices for days gone by seven years (and of course the four years she invested studying and managing her very own school funding in university).
After a hour-and-a-half-long conversation with Rebecca, deteriorating what financial help is and exactly how it really works, we discovered this government-sponsored monetary system isn’t black colored magic…but it really isn’t exactly a fairy godmother either.
What exactly is School Funding?
Many pupils don’t are able to pay money for university away from pocket. Considering tuition, publications, room and board, along with other fees that are related the fee could be significant. And in addition, most pupils want to research aid that is financial.
Educational funding is made from a number of elements that help students pay money for university, such as for example scholarships, funds, loans, and work-study programs. Though some kinds of help don’t need to be payday loans OR repaid, others do.
It wasn’t until We chatted to Rebecca that We discovered that educational funding will not always equate to “free money.”
“It’s absolutely feasible to be eligible for funds, that are basically money that is free” Rebecca said, “but more often than not, accepting educational funding means taking out fully federal loans.”
Continue reading “So How Exactly Does Financial Aid Work? Therefore, an expert was called by me.”