Question of the Day: What fraction of students receive scholarships or grants for college?
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Answer (from College Board): About 2/3 of college students receive scholarships or grants
I thought given all the focus on student loans, it is instructive to see that a majority of students receive support in the form of grants and scholarships that don't need to be repaid.
- Would you choose a college just based on how much scholarship or grant aid you receive from them? Why or why not?
- Aside from the percentage of students receiving scholarship or grant aid, what else would you want to know when researching colleges?
- What are other ways that you can pay for college besides scholarships or grants?
- How are scholarships and grants different from loans?
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About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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