Boston Public School students now have the opportunity to earn more scholarships

College grants and scholarships have been helping individuals earn degrees for years. Whether you're pursuing a master's degree or just completing your undergraduate education, these financial resources can be a viable way to reduce the cost of tuition.

Students in Boston may soon have an opportunity to cash in on more scholarship opportunities in the near future, according to the Dorchester Reporter. Recently, the Boston Water and Sewer Commission transferred the ownership of the Calf Pasture Pump Station to the University of Massachusetts in Boston. In exchange, it will receive $2 million that can be used to create scholarships for Boston Public School students.

In order to qualify for the cash rewards through the new "Boston City Scholarships" program, students must have at least a 3.0 grade point average. Individuals who receive the scholarships will be given $1,000 to use toward everything from tuition to textbooks.

In combination with college grants, scholarships can make earning a degree a more realistic goal for underprivileged individuals. Unlike education loans, these financial resources do not have to be repaid in the future, making them a more ideal form of funding.

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