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There is no doubt that attending and graduating from an accredited college or university pays serious dividends for students. Much research has been done on the subject, and as recently as May 4, 2011, the United States government’s Bureau of Labor Statistics issued a report on the subject. The report was titled “Education Pays…” and it reported that people with a bachelor’s degree earn $412 more per week on average than high school graduates. Over the course of a typical 50 week work schedule, this amounts to a $20,600 yearly earnings premium for college or university graduates over high school graduates. Such a drastic benefit should be taken advantage of, but the segue to this is that colleges and universities are quite expensive. According to the best paper writing service, the average tuition for public four-year colleges is $7,605 for in-state students and $11,990 for out of state students. Private colleges and universities charge an average tuition of $27,293 per year. Clearly, getting paid $20,600 more per year for the rest of your work life makes college a smart investment, but paying for school is still a problem for many people. There are many resources available, however, to help you with paying for your college education.

People and Corporations Stepping Up

While your college or university will offer financial aid in the form of scholarships, grants, and loans, this aid is often not enough to cover the full cost of attending college. This is where generous people and companies step in to help students. There are thousands of organizations and benefactors that offer scholarships to college and university students. These typically require an application process where students usually must answer a number of questions regarding their educations and personal backgrounds and submit a personal statement as well as recommendations from your associates. A certain amount of students are chosen from a pool of applicants to receive the scholarship offered.

Resources for Finding Scholarships

There are many resources available to help you find all of the scholarship opportunities that are offered outside of colleges and universities. The first place to ask is your high school guidance counselors or college advisors. They know which independent or private scholarships seek to award money to students at your particular school and will steer you in the right direction. There are also other resources available to find scholarship money, particularly on the Internet.

Applying for Scholarships

The process of applying for scholarships is generally similar for most of the scholarships you will find. The application usually requires information about your education (GPA, major, courses taken, etc.), financial situation, and personal achievements. Many scholarships ask you for a personal statement or essay which answers a question of their choice. Typically, scholarships also require you to receive recommendation letters from those who have worked with you, either educationally or professionally. Make sure you keep track of the deadlines for various scholarships to ensure you do not miss them.
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