The Role of Scholarships and Grants in Financing Education

Applying for scholarships and grants helps students pay for college. In some situations, these awards allow people to obtain a degree they wouldn’t be able to otherwise. Students who apply for various awards often find they help cover the costs of other college-related expenses.

Here’s a closer look at today’s college tuition, the importance of applying for scholarships and grants and how to get your hands on free money for school.

The Rising Costs of Higher Education

According to 2023 data by the Education Data Initiative, public four-year in-state college tuition is $26,027 annually — $104,108 total for four years of attendance. Out-of-state students could pay upwards of $108,364 to obtain

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