Whether you’re a prospective student or the parent of one, deciphering college financial aid information can cause a lot of stress. Much of that stress, however, probably comes from a lack of authoritative information, easy access to that information, or both.
What’s needed is a guide to all things financial aid. A free one. And it would be best if it uses easy-to-understand language about
The effort you make now – before it’s time to fill out that college application form – to explore financial aid for college is well worth the time and energy spent.
In 2021, the Office of Federal Student Aid said more than $100 billion in federal student aid was awarded to more than 13 million college and university students. The interest rate for federal loans distributed in the 2020-2021 academic year was 2.75%. That’s significantly lower than privately financed education loans.
In any given year, 86% of college students benefit from some form of financial aid. Education grants, which don’t have to be repaid, are particularly underused. According to education.org, more than $2 billion in student grants goes unclaimed each year, mostly because students weren’t fully aware of all their assistance options.
Statistics also show the return-on-investment for any college degree is substantial. Comparing yearly compensation of people with a college degree vs. those who don’t show:
Health sciences-focused degrees are particularly worth considering. The U.S. Bureau of Labor Statistics says this sector will grow at least 16% from 2020 to 2030. Plus, the median yearly salary for healthcare practitioners overall is 42% higher than the annual median salary for all occupations.
Founded in 1922, Cleveland University-Kansas City (CUKC) is a nonprofit, private university offering chiropractic and other health science degrees. The CUKC campus is in Overland Park, Kansas, an award-winning city within the Kansas City metro area.
At CUKC, we believe students deserve a high-quality education. By high quality, we mean not only many degree offerings but maximizing student services and assistance. One of the ways we live out that promise is through an experienced staff who know all about college financial aid.
CUKC offers a number of named and memorial scholarships for its doctor of chiropractic students through the Cleveland College Foundation. In addition, CUKC participates in the Department of Veterans Affairs Yellow Ribbon Program, which is designed to cover education costs not included in the benefits ensured under the GI Bill.
For more about our health sciences degrees and details on college financial aid information, contact an admissions advisor to get this free eBook: Your Guide to Navigating College Financial Aid.