A college degree is imperative for a number of reasons. It has been seen that college graduates not only tend to earn more, they also seem to experience more job satisfaction or face less unemployment.
There are a number of other reasons that justify opting for a college degree. It is important to apply for a scholarship for higher studies if you want to be a graduate or pursue post-graduation. Scholarships not only offer relief from education expenses, but also ensure post-college success. Here are a few of the most important reasons why getting a scholarship can prove to be the best thing when it comes to pursuing higher education.
Higher Education is Expensive
According to a number of studies, tuition fees in colleges have increased by more than 5% above inflation annually, since the beginning of the new millennium. Needless to say, higher education is more than expensive and can actually be pretty hard on people who don't have very deep pockets. A scholarship is the best solution to this issue.
An Unstable Economy
All parents want to contribute to their children's education. But the amount of money that families can actually afford to spend on their children's education is not enough. Studies have revealed that the number of families planning to cover almost half of the cost of higher education has decreased, while the number of parents planning to cover only a few of the expenses has risen.
Cost of College Living
Only a few students are lucky enough to pursue their higher education while staying at home. Those who do, find commuting to school quite convenient and don’t have to pay separately for apartment, supplies and food. But students who live in hostels or as paying guests have to meet the added expenses of rent, food etc.
These expenses are increasing each day, the total sum you have to spend in lieu of your college degree is thus a hefty one. If you get a scholarship it ensures that you do not have to pay tuition fees, thus, bearing these expenses won't be too much of a burden.
Lack of State Support
The percentage of Indian institutions offering government-subsidized higher education is too less, as compared to the percentage of students who are pursuing higher education. So, acquiring a higher education scholarship , thus becomes an achievement for students with merit.
High Student Debt
A number of individuals collectively owe crores of money in student loans. An average graduate student acquires a lot of debt in student loans by the time they finally graduate. It would be so much better if you could start the new professional phase of your life without that burden on your shoulders. And if that's what you want, higher education scholarship is the answer.
These days even private institutes and colleges offer scholarship for higher studies . You can find out relevant information online or through word of mouth.
Rajat Kumar has an engineer’s degree and believes that scholarships play a major role in helping one fulfil the dream of studying abroad. He is now a lecturer in one of the top engineering colleges and loves to educate students on the importance of graduation and howhigher education scholarship help in the long run.