“I’m grateful to Binc for allowing me to achieve my goals without breaking the bank.”
2014 Binc scholar from Tennessee
College can cost a bundle, we all know that. But, what exactly is that number? According to The Project on Student Debt, the average is $28,400 per borrower. Seven in 10 seniors (69%) who graduated from public and nonprofit colleges in 2013 had student loan debt. With tuition rising at twice the rate of inflation, that number is steadily increasing. You can get a ballpark estimate of tuition costs in your area and find out how schools determine tuition hikes on the FinAid site. Once you know the amount you will need, you can better address how you will pay for your higher education.
“I have been working two or three part-time jobs to save money for school and not have to take out loans. This scholarship takes a huge weight off my shoulders and will allow me to focus on my studies.”
A 2014 scholarship winner from Oregon
You know that you can always take out loans, but those have to be repaid to the lender. Failure to pay can lead to some very serious consequences, such as wage garnishment, denial of Social Security benefits, loss of any grace period to pay the loan back, having your credit rating lowered and being harassed by collection agencies. We mention all this not to scare you away from school, but to make you look at your education in a practical and realistic way. Higher education should be a very important part of your life and like all big life decisions, should not be entered into unprepared. You should know that there are alternatives available for funding your education, and college loans should be used only as a last resort.
A non-traditional student with a family wrote:
“Thanks to kind donors like Binc I will be able to focus on my work and worry less about making ends meet.”
After all, if someone is going to give you money, why borrow it instead? Exploring scholarships and financial aid should be your first stop on the road to continuing your schooling. Scholarships abound, for all different people, taking into consideration many criteria and are offered by many different organizations. The Binc Foundation Scholarship is specifically for booksellers and their dependents attending any accredited program of higher education, but there is something out there for everyone. Whether you plan to study medicine or music, are tall or left-handed, love Star Trek or asparagus – there’s a scholarship out there waiting for you to apply. It is well worth the time you will put into hunting on sites such as Scholarship America, Scholarships.com, College Express, and more. These sites are a wealth of information not only for the different scholarships available, but also tips for filling out the applications, finding financial aid, selecting and comparing schools and much more.
If higher education of any type is in your future, now is the time to get prepared. Start a cost worksheet, read up on money tips for college students, apply for a Binc Scholarship (and others as well). Only then can you be truly prepared to change your future.
“The (Binc) application process was straight forward and relatively quick & easy.”
A 2014 award winner from Montana