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Essay On Student Aid

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Types of Student Aid

Introduction

Student aAid can be the key variable that determines whether a student chooses to pursue post-secondary education. Whilst sStudent aAid can be easily divided into gifts and self-help, obtaining of student aid is a complicated process. Student aAid can be obtained by both undergraduate or post-graduate students. However, the amount of funding available may be different based on some key factors. These factors include financial need of the student, individual program requirements, eligibility of the student for available funding, and the date at which funding was requested. Within this document we will look at the different types of student aid available, and what the pros and cons of each of them are.

Grants

Grants are a type of student aid that is considered as a gift to the student. Therein there is no obligation for the student to repay the amount of aid that is given to him/her. Student aid in the form of grants can be applied for before a course of study is started or whilst it is underway. Grants are usually small amounts of funding compared to the total amount that has to be paid for the course. These grants can be awarded for particular reasons and the money must be used for a strict purpose. For example, a book grant might award the student $1,000 dollars, but the money can only be used to buy …show more content…

Some students, Eespecially international students, will have a specified number of hours which they are able to work during term-time. Even this limited number of hours can drastically help the student in repaying the large educational costs involved in post-secondary education. Even local students that opt to work whilest they are at college or university will be able to save money to spend on either their course materials such as text books and stationeary or save up for when they have to start repaying their student

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