A Helping Hand for College :: Expository Classification Essays

A Helping Hand for College Approximately 60% of all students enrolled in high education receive some type of financial assistance. Financial help oneself is provided to students for many reasons. The primary reason is to increase the accessibility for families that be ineffectual to afford the full cost of higher(prenominal) education. Scholarships, loans, and federal trim studies are categories of financial aid given to help students further their education. A acquaintance is a financial award given to students in recognition of achievement, such as academics or athletics. Other scholarships are awarded to minorities and women to increase their access to higher education. In many cases, the qualifications for a scholarship include financial lack as well. A scholarship does not require repayment. Most scholarships are given to students who attend business schools, technical and vocational schools, nursing schools and 2-year colleges. A loan is an award offered by various government and private agencies. The take rates are lower than those of regular bank loans, and in approximately cases interest is not charged while a student is enrolled in college repayment is also extended over a long completion of time. There are loans for students and parents. Student loans are the most common act of financial assistance to students. They are available for both under fine-tune and graduate studies. They are issued by commercial banks and state student loan governance at an interest rate considerably lower than the current trade level and guaranteed by the federal government. The loan must be repaid inside a ten-year period beginning six months after the students graduation. Federal clobber study is another type of student financial aid. It is a irregular job co- financed by the government and a college to allow students to earn currency to help pay educational expenses. The program encourages community service work and work rela ted to a students course of study. The salary will be at least minimum wage, but it may be higher, depending on the type of work and skills required. The total federal work study awarded depends on when a student applies, the level of need, and the funding level of a college. An undergraduate student is paid by the hour. A graduate student may be paid by the hour or receive a salary.