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10. Funding for College

Higher education can be a gateway to a better life. If you have a bachelor’s degree, then you might want to consider doing a Master’s. Similarly, if you have a Master’s then you might think about doing your PhD. In the event that you decide to pursue academic studies, there are several funding options to help you achieve this goal.

College tuition fees have been steadily rising, making the cost of getting a degree more expensive. This puts more stress on graduates because they’re under the financial strain of student debt. Thus, anyone wishing to study at a college or university should look for grants and scholarships. A scholarship is given based on the merits of the applicant, whereas a grant is provided on a different basis. Demographics and socioeconomic status are taken into account when considering grant applicants. A couple of available grants to look into for your collegiate education are Pell Grants and the Federal Supplemental Education Opportunity Grants (FSEOG). Both are offered by the federal government.

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