Introduction
We are living in a world where not many people can afford the university tuition fee. With tough economic situations and the costs of education skyrocketing, things are not getting any better, especially for those students who come from humble backgrounds. Gauging between putting food on the table and taking children to school, many parents have decided to forgo education and use what they can afford to survive. This has made many students forgo their education even though they had promising futures. Those who have hope are forced to work part-time or full-time just to earn money for their higher education. The worst of them all, many students are now going for student loans which many are unable to pay after schooling. No one understands the struggles that students go through financially more than Carl Iberger. That is the reason why he is offering a scholarship as well as advising students to apply for his and other scholarships. So, why are scholarships essential to students? Here is why
University tuition fee keeps skyrocketing
This is the first solid reason why scholarships are very essential to students. According to research, universities increase their tuition fee by at least 5% annually. With inflation and hard economic times, you should never expect tuition fees to be reduced in any way. The more university education costs increases, the more students are left out. When many talented students are left out, countries and the world at large are missing out on promising talents that would have changed the future. Because not everyone out there can afford a university education, students need to apply for scholarships for the sake of making their higher education smoother.
The economy is bad and parents have no money
We are honestly living in tough economic times. Come to think of it, we can just say the economy stinks. Everyone is affected and even those who have money have to deep deeper into their pockets just to keep going. What if a struggling family with children to feed? Some parents are forced to choose between taking their children to school and feeding them. Most struggling families choose the latter. It is not that parents do not know the value of education; it is only that they are forced to give up. For such families, it will do them good to apply for scholarships to help ease their financial burden.
It is the most suitable approach for many students
Comparing taking loans and applying for a scholarship, applying for s scholarship is the most appropriate is the most suitable option. This is so because a scholarship is like free money. It is money that after using, you will not require to pay back. Although there are scholarship providers who will demand that you work for their company for some time, there is no single scholarship provider who will demand their money back. Therefore, it is the best option for all students.
