Financial resources for low-income high school graduates

December 22, 2011

If you're interested in attending college after high school, you're not alone. The National Center for Education Statistics reports that between 1975 and 1997, the percentage of individuals who enrolled in college right after high school increased from 51 to 67 percent. Within a little more than a decade, more people were interested in obtaining a higher education.

However, college is not always an option for children who grow up in low-income families. Often, these individuals choose to look for work following high school in order to get by, rather than attending college. Although this can fulfill a graduate's goal to enter the workforce, a degree can help individuals embark on a career path over time.

With more people than ever interested in attending college after graduation, sponsors are now offering college grants and scholarships to underprivileged children who are interested in earning a higher education. While student loans can help curb the cost of tuition, they can result in debt. College grants and scholarships can lower expenses and do not have to be repaid over time, making them a viable option for individuals who are strapped for cash.

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