The issue about the rising cost of education is not new for everyone , be it for rich people or for the those just barely earning a living.However , this is not of so much of a threat for those who want to enter college but are not capable to meet its expenses. This is because of the two choices made available for them , first is the scholarship programs. And the second is the student loans. They may apply to either of the two.Basically , the scholarship gives off monetary award which do not require the beneficiary to repay it. Unlike the student loan , the money that was lent to the students will be paid after some time with the corresponding amount plus interests.Hence , it seems to be apparent that taking a scholarship program is more convenient than the student loan. Yet , you should know that both still consists of its advantages and disadvantages.In scholarship , the students need not worry about finances throughout his college years. Almost thousands of scholarships are made available yearly. The systems of the programs depend on the financial needs of a certain student.Although , it doesn’t necessarily mean that you are not intelligent because you were not be able to acquire a scholarship. There are various types of scholarship , one is for the intellectuals who acquire and maintain high grades. The other is the specific scholarships designed for the ones who excel in definite fields , for instance , in the field of sports , math , science , music , stage performers and others.Those who belong in average I.Q. may still win a scholarship. They may not possess the remarkable level of intelligence to win a scholarship , but their talents may secure them one.Moreover , there are also scholarships designed for certain races , minorities , and other sectors of the society that needs monetary support. And scholarship is not just confined to college students , the students who would want to pursue further study may also benefit. There are also several institutions that offer scholarship programs to their members , examples of this are the religious organization and union groups , etc.Now , if you think you won’t be legible for any scholarship , there is still one option — student loans.Student loans , as mentioned above are the financial aid given to the students to pay their tuition with the agreement to repay it with the corresponding interests in a given period.Scholarships do not require for repayment , but student loans do.The advantage of a student loan is that it will give you freedom to move as a regular student , without the pressure of maintaining high grades and you can do your other activities without thinking of the conflict in the training schedules.The hassle is when you would consider it , student loans need to be repaid the moment you graduate; you have to pay to the very last cent plus the interests.If you are the bread winner of your family , paying for it will be another burden though you already have secured a job.Anyhow , it will depend on you , the important thing is you finish your college education and secure a diploma , be it from a scholarship or through student loans.The achievement of earning your college education amidst the hindrance of money is the thing you will always be proud of.
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