How To Win a Scholarship. Tips for Low-Income Students to Pay for College. While a four-year degree has become a pricey investment for students of all socioeconomic backgrounds, data shows many low-income families can’t afford to make the college dream a reality. According to Postsecondary Education Opportunity , 79% of students born into the top income quartile in the U.S. obtain bachelor’s degrees while only 11% of students from bottom-quartile families graduate from four-year universities. Although college can be expensive, a diploma means higher salaries and better career advancement, and it’s important that students from low-income backgrounds understand all financial options available to them, says Amy Kerwin, chief educational opportunities officer at Great Lakes Higher Education Guaranty Corporation “Even with increasing tuition costs, college remains an incredibly worthwhile investment in building a better and more prosperous life,” she says.
Seek Out ‘Free Money’ Options.
Earn Money in College. Special Offers. Save During. Merit. Save For and Fund. Scholarships. 6 reasons college costs are soaring.