If you have college plans, the subject of paying for it deserves much discussion beforehand. Of course, you might already have an understanding of the financial aid process and options. Still, most people have some gaps in knowledge about getting financial aid for college.
Did you know?
Financial Aid Facts (and Figures)
Many people are surprised to discover the depth and range of financial aid options that can help make attending college part of their future. More than $120 billion in educational aid was available in 2017, according to the Office of Federal Student Aid.
While not borrowing money for college is always the best option, the reality is that more than 42% of families used loan sources to cover at least some college costs, according to the 2017 How America Pays for College report.
The decision to attend college, when approached thoughtfully by evaluating your abilities and interests, can deliver a good return for the money invested.
In comparing the income of high school graduates over a lifetime to those with college degrees, the How America Pays for College report reveals this:
Countering the COVID-19 Epidemic
In addition to grant and loan packages, students this year may also be eligible for emergency grants provided as part of a coronavirus relief package.
Like previous years’ federal emergency grants, the Consolidated Appropriations Act of 2021 allocated an additional $22.7 billion to the Higher Education Emergency Relief Fund. Some of these funds are to be used in direct aid to students and are not considered student income.
7 Top Tips for College Financial Aid
Health Sciences: A Direction to Consider
The idea of getting money for college gets even better when looking at health sciences-focused degrees vs. all others. The U.S. Bureau of Labor Statistics says this sector will grow at least 15% from 2019 to 2029. The median yearly salary for healthcare practitioners is nearly 42% higher than the median yearly wage for all occupations.
About Cleveland University-Kansas City (CUKC)
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, a large, award-winning suburb within the Kansas City metro area. Check out our health sciences degrees here.
CUKC believes in helping its students maximize the student services and assistance available to them. One of the ways to live out that promise is through an experienced staff of financial aid experts.
Want a great head start? Download this free eBook: Your Guide to Navigating College Financial Aid.