Grants & Scholarships
College tuition is not cheap, and the cost seems to rise with each passing year. According to College Board, the average yearly rate for in-state tuition at a public college is over $25,000. At a private college, tuition can cost upwards of $50,000 per year.
If you are determined to go to college but you don’t have an extra $25k to $50k per year to spend, you might want to consider community college as an alternative. The average cost for community college tuition is under $5,000 for in-state students and under $10,000 for out of state students. Even if you complete your general education requirements and then transfer to a four-year school, you’ll still be saving a lot of money.
While attending community college is much more affordable than paying for a four-year university, it is still a significant expense. Keep reading to learn about your options for financing community college including common myths about scholarships, the different kinds of grants, and tips for reducing your costs while in school.
Debunking Common Myths About College Scholarships
The word “scholarship” is a dangling carrot for high school students preparing for college. While most colleges and universities offer them, they often seem like they are just out of reach. Though you may not realize it, many community colleges offer scholarships as well and there are always private scholarships to consider.
Unfortunately, many students misunderstand certain facts about scholarships which could prevent them from obtaining one. Here are five common myths about college scholarships and the truth
About the Scholarship
Three years ago, the Bernard Osher Foundation gave the Foundation for California Community Colleges a gift of $25 million to begin a scholarship fund for community college students. According to a press release on the Foundation for California Community Colleges website, the Bernard Osher Foundation was founded in 1977 by Bernard Osher, as a means of supporting higher education and the arts. In addition to the initial gift, the foundation also promised to match funds raised by the colleges themselves.
While the foundation responsible for the scholarship is receiving a considerable amount of flack, it turns out there are other scholarship avenues for illegal immigrants to explore as well.
As a grant, the Pell Grant does not need to be repaid, making it one of the best financial aid opportunities. In addition, the Obama administration plans to inject another $40 billion into the program, as reported by the Washington Post.
- Expected family contribution
- Family size
- Student’s income
- Cost of attending the community college
- Enrollment status and timeline