Unless you are very lucky, you might find it difficult to survive at such a time only with a high school diploma. This is the reason why further education is a necessity today. With the passage of time, competition in every field is very fierce, and if you are not the best in what you do, you may become a victim, losing the race to survive from the best.
However, higher education cannot be reached by everyone because of rising tuition and high living costs. Also, the financial assistance available to students is only limited so not everyone benefits from covering their tuition fees. As a result, many students are forced to take loans to fund their tertiary education. According to statistics more than half of students who apply to college must take out loans because they cannot afford the opposite fees.
The disadvantage of loans is that the interest rates on these loans increase over time. Even the worst, it rises quickly when the economy deteriorates. When students graduate from college, they not only have to struggle for work but also deal with loans that have accumulated during their college years.
This is the reason why a large number of students do not continue their tertiary education, even if they excel in their secondary school. Higher education is very important, but not everyone has the privilege of achieving it. Sometimes, even the families of students do not encourage them to join the institution because their financial condition is not in good condition.
Many steps have been taken to provide tertiary education for every high school graduate in the US, and the latest is the effort being made by current US president Barack Obama. Under the scheme that he will introduce, there will be an increase in the number of Pell grants. If this happens, it can help many students to study further without having to worry about financial problems.
Although this scheme has not yet been implemented, but we really hope it proves to be an asset for everyone. Meanwhile, there are still educational grant and other financial assistance options available to you that you can take advantage of if you need immediate financial assistance.