| College education has become a nightmare today due | | | | that need not be returned. |
| to the exorbitantly high cost of higher education. | | | | But in the case of a loan, the student is offered |
| Students and their parents are finding it extremely | | | | financial-aid that has to be repaid after he completes |
| difficult to meet the expense that go into college | | | | his program of studies. There are many university |
| education. Moreover if you are planning to do some | | | | financial aids that are offered with no interest, but |
| specialized courses the cost will be even higher. Many | | | | many do charge a certain rate of interest. There are |
| people are not aware of the fact that they can look | | | | some instances when the university or the college |
| for financial aid from the universities. While there are | | | | permits students to continue their studies with the |
| a few financial aids that need not be returned, most | | | | payment of the fees. This is called a waiver, but to |
| of them are given to students as a loan that has to | | | | avail of this the student has to meet certain criteria. |
| be paid back after they complete their education. | | | | You can avail of all the various university financial aid |
| Typically university aids are divided into sections like | | | | programs from your local libraries or from the |
| grants, fellowships, loans, work study, waivers and | | | | internet. You can also have a look into the various |
| scholarships. A grant is an aid that need not be paid | | | | forms that you see on the internet so that you will |
| back by the student, while a fellowship is a certain | | | | be able to get an idea of the different requirements |
| amount of money that is given to a student who has | | | | to avail of such aids from the university. Every |
| completed his graduation form a college or university. | | | | financial program will give you a detailed idea of how |
| A scholarship is offered to a student based on his | | | | much you will be eligible for and all information about |
| performance in his previous academic achievements. | | | | how to apply for them. |
| In fact both fellowships and scholarships are funds | | | | |