SCHOLARSHIP CHALLENGE IN 2023
As the calendar turns to 2023, millions of students worldwide are gearing up for one of the greatest challenges they will ever face: scholarship season. Even though this process can be daunting, it is an essential part of a student’s college admission journey. By taking on the scholarship challenge, students can pave the way for a brighter future and gain access to valuable resources that will help them further their education. In this blog post, we will dive into how 2023’s scholarship challenge differs from previous years and provide insight into what students can do to prepare for it. From finding the best scholarships and creating an effective application to writing an impactful essay and staying organized throughout the process, read on for helpful tips and tricks that will help you take on this challenge with confidence.
THE COST OF COLLEGE
The cost of college is one of the biggest obstacles to getting a degree. According to the College Board, the average cost of tuition and fees for the 2017-2018 school year was $9,970 for in-state public colleges and $34,620 for private colleges.1 And that’s not including room and board, books and supplies, or other expenses.
For many students and families, taking on student debt is the only way to make college possible. But even with financial aid, the cost can be difficult to manage. According to The Institute for College Access & Success, 69% of college seniors who graduated in 2017 had student loan debt, and their average debt was $28,650.2
There are a few ways to reduce the cost of college:
- • Get scholarships! Scholarships are free money that you don’t have to pay back. There are all kinds of scholarships available
- from need-based scholarships to merit-based scholarships
- so there’s likely something out there for you. Be sure to search early and often for scholarship opportunities. (We have a helpful tool on our website that can get you started.)
• Consider attending a community college for your first two years. Community colleges are generally much cheaper than four-year colleges or universities. You can then transfer those credits to a four-year school later on.
• Live at home or with roommates while you’re in school.
THE DECREASING VALUE OF A COLLEGE DEGREE
The decreasing value of a college degree is an ongoing problem that needs to be addressed. The rising cost of tuition and the increasing amount of student debt are making it harder for recent graduates to find good-paying jobs. In addition, the number of jobs that require a college degree has been declining.
There are a few reasons for the decreasing value of a college degree. First, the cost of tuition has been rising faster than inflation for many years. This makes it harder for recent graduates to pay off their loans and find good-paying jobs. Second, the number of jobs that require a college degree has been declining. This is due to automation and the changing nature of the workforce. Finally, many employers are now preferring to hire candidates with experience over those with a college degree.
The decreasing value of a college degree is a serious problem that needs to be addressed. The rising cost of tuition and the increasing amount of student debt are making it harder for recent graduates to find good-paying jobs. In addition, the number of jobs that require a college degree has been declining. Something needs to be done in order to make sure that a college education is still worth pursuing.
THE INCREASE NUMBER OF SCHOLARSHIPS
There are a number of reasons why the number of scholarships is increasing. The most important reason is that scholarships provide financial assistance to students who would otherwise be unable to attend college. Scholarships also help to level the playing field for students from different backgrounds and with different financial means.
Another reason the number of scholarships is increasing is that more and more students are applying to college. With the cost of tuition rising, many students and their families are finding it necessary to seek out financial assistance in order to attend college. Scholarships can help ease the financial burden of attending college, making it possible for more students to pursue their educational goals.
Finally, scholarships have become increasingly competitive in recent years. As more and more students apply for scholarships, colleges and universities are raising the standards for awarding them. This has led to an increase in the number of scholarships available, as well as the amount of money that each scholarship provides.