Higher education tends to come at a steep cost that not many low-income Americans can handle, and most of them give up as they’re not aware that there are support options to help cover this expense.
That’s why we’re here, and we’re going to help you familiarize yourself with the many ways you can drastically lower the amount of money you’d spend on higher education.
With the assistance of the DegreeSnap resource, you’ll gain an insight into what you can do to secure a higher education even if your current finances can’t actually cover this expense.
Dealing with this on your own can be overwhelming, so keep reading and learn all there is to know about the assistance programs out there that you can use to your advantage in the pursuit of knowledge.
What is DegreeSnap?
Whether you’re a new student looking to find out how getting a degree actually works or you’re in need of financial aid, DegreeSnap will have all the info you need.
This resource was purposely created to make a student’s life easier and stress-free, as figuring out all of these things on your own can be difficult, especially if you’re maneuvering between managing your finances, life in a different area from where you grew up in and the many other things that come with enrolling in a higher education course.
New students flow into college campuses every year, and while they may come from different situations or backgrounds, most of them need some help settling into the dynamic of life on campus.
Higher education has a number of benefits, ranging from the impact it may have on your social life to just being able to pursue a career that one is passionate about.
With the help of DegreeSnap, new students can learn what it feels like to be surrounded by people from a variety of backgrounds as well as gain a better understanding of what adult life is really like.
On top of this, DegreeSnap can help them prepare for life on a college campus and even offer some first-hand advice from the organization’s associates that have already completed their higher education.
This also includes some tips on handling the costs that may come with the course they’ve enrolled in and the financial aid opportunities they may be entitled to
Financial aid options
Apart from giving students some much-needed insight into what college life is like, DegreeSnap also offers info on the many financial aid programs that may be available to them.
There are several different options to choose from, and you’ll encounter federal student loans, grants, work-study programs, and private student loans backed by third-party organizations.
You may already be familiar with the concept of student loans, which are the most common form of financial aid most new students opt for, albeit they’re only applicable to students that meet very specific eligibility criteria.
The real benefit of this financial aid is that it’s very flexible, although if you look at the data, many have trouble paying them back deep into their careers, mainly due to how high the interest rates on these loans can be
On the other hand, student grants are a form of financial aid that doesn’t have to be paid back, and if you’re eligible, you may be able to secure up to $6,895 as a way of funding your higher education costs.
This amount is the maximum each eligible student can receive in a single year, and it will vary based on the student’s circumstances and background.
The money comes from the Pell Grant, which has been around for several decades, and while the total amount has changed over the years, it’s managed to keep up with the gradual increase in living expenses and the cost of the basic needs of the average student at a US college.
Some schools may also offer students the opportunity to actually earn some amount of income while they’re completing their studies.
These payments can then go directly toward a student’s tuition costs or they can use them to cover their living expenses while they’re still considered to be eligible students.
Dealing with the expenses of higher education can be stressful for the average American family, and while it may secure a better future for their child, not everyone can afford to fund their child’s pursuit of knowledge.
However, with the help of government-backed loans and grants, students from every background can get a chance at attending a higher education institution, which could help them with their careers in the future.
DegreeSnap is a great resource for anything you wish to know about how this process works as well as some inside info on what college life is actually like, including first-hand testimonies from former students that are associated with the organization.