Pursuing a higher education is one of the best investments you can make, though the financial obligation of going to college can be a sensitive topic. Liberal arts studies is a great investment of your financial resources, as you will develop your critical thinking, leadership, and communication skills through classroom discussions—all top qualities sought after by employers. College has a lasting impact on a young person's life. But paying for higher education can still be a daunting responsibility for most. Fortunately there are ways to make paying for college a little easier.
Read on to discover three budgeting tips that students considering liberal arts studies can use to follow their dreams.
1. Step One For Students Considering Liberal Arts Studies: Evaluate You Resources
The first step to make as a student considering a liberal arts education is to evaluate your overall financial situation. Add up all your savings, the amount of money your parents or guardians can afford to loan or give you, and how much money is available to you through grants and loans from banks or other financial institutions. This assessment will help you really get a sense of how much money you have available. Once you have a good understanding of your overall financial picture, you can proceed to look at overall costs of education and how much money you might need to budget for rent and other living expenses.
2. There Are Plenty of Scholarship Opportunities for Students Considering Liberal Arts Studies
If you’re interested in pursuing a liberal arts education, there are plenty of scholarships available to you. These scholarships include 'The Montaigne Scholarship,' the 'Book Scholarship,' and the 'Dangerous Optimist's Scholarship', among many others.
The first of these scholarships honors Michel de Montaigne and is applied for by reading a text, discussing it in class, and then writing an essay about your thoughts on it. The student with the winning essay receives a $24,000 per year scholarship. Runners up will be considered for other scholarships. The 'Dangerous Optimist' scholarship follows the same principles and competition guidelines as the The Montaigne Scholarship, and is a two year scholarship worth $48,000.
For any college student, books are often a substantial cost to consider. Not so at Shimer. That’s because the 'Book Scholarship' at Shimer College is provided to each and every student who is admitted to our liberal arts studies programs. This covers the cost of the books you’ll use throughout your studies. Imagine that; a passionate educational community where books are free for all students!
3. Small Liberal Arts Colleges Will Walk You Through Financial Aid Options to Make Budgeting Easy
Shimer College has staff that can assist you with navigating the process of funding your studies. Contact the Office of Admission or the Financial Aid Director with your questions regarding the affordability of your education. Students who are applying for financial aid will be considered based on their financial need, their circumstances, academic record, full application of Federal and State awards, and funds available. Shimer College wants to make sure that all your questions regarding finances get answered, so don't hesitate to contact our Financial Aid Director for more information regarding aid and scholarships.
Want to find out how small liberal arts colleges can provide a life-changing and affordable education?
Contact an advisor today to discover more finance options for your education.