Did you know that the government and organizations all over the country are giving away free money? By not applying for these college grants, you have no chance in getting them. That’s almost like throwing money away. That’s not the only reason why you shouldn’t apply for college grants though, there are three other big reasons why you should.
Reason #1: Student Loan Debt Is Scary
When you graduate, the clock on your student loans starts ticking. That means that you are required to pay back all of the money you’ve borrowed. That can be scary if you don’t have a job right out of school. Not to mention the frightening part of opening that letter for the first time to see that you owe thousands upon thousands of dollars.
When you win college grants, you end up not having to pay back as much money. It will be a great feeling to see only a few thousand dollars to pay back over tens of thousands of dollars most people have to pay.
Reason #2: Makes College Less Expensive
With loans comes interest, and when you have interest you end up paying more for your college education. For example, if you take out a loan for $10,000 with an interest rate of 10 percent, you will have to pay $1,000 a year just to have that loan. Think about all the things you could buy with that money. If you received a $10,000 college grant, you would not only save money later, but also the added $1,000 for the interest.
Reason #3: It’s Not Hard
Many people will groan at just the thought of applying to a college grant opportunity. But why? College grants are free money. All you have to do is take time to fill out paperwork, request documentation, and write an essay for some of them. Once you get into the rhythm of doing it, they aren’t so bad. Look at it this way – you can either work now to win the grants, or work later to pay back student loans.
It Pays to Apply to College Grant Opportunities
You now know the most important reasons why you should apply to college grant opportunities. Don’t take advantage of such a great offer from the government and organizations. Keep your eyes out for them, and apply to the ones you meet eligibility. Before you know it, you’ll be raking in the dough, which means you won’t have to dish it out after graduation.