Can’t Afford an Education? Here’s How a Scholarship Can Fill in the Financial Gaps
Maybe you’re graduating high school and want to begin your education in the medical field. Or perhaps you already have a nursing degree and want to take your skills and knowledge to the next level. Whatever your goals, post-secondary degrees can be expensive.
Award winning physician Dr. Jan McBarron found herself in a similar situation. Having worked as a full-time nurse while earning her medical doctorate, her goal was to bring a better bedside manner to her patients, something she felt most physicians lacked. She believed that her nursing skills coupled with a higher level of education would allow her to marry both careers for the betterment of her patients.
And even though Dr. McBarron worked a well-paying job while in school, she knows the value of a scholarship in relieving financial burdens so that the payoff of the degree is even greater.
Scholarships are a Major Missed Opportunity
If you can’t come up with the funds for school yourself, you might be inclined to take out a student loan. It’s an investment in your education that will eventually give you an ROI, so you may be able to justify the high cost of loan repayment.
But tuition is on the rise, which means that loan amounts will also increase. And with higher loan principles come greater interest payments.
Many students miss the opportunity to acquire scholarships that can cover the costs of education without a hefty repayment in the future. Scholarships are typically one-time lump sum offerings that do not have to be repaid. Awards are allocated based on merit, financial need, or specific area of study.
But surprisingly, a massive $2.9 billion in scholarship money goes unclaimed every year. Most scholarships must be applied for, but many students are skipping this crucial step in their educational journey. Granted, it’s a time-consuming process to fill out forms and write essays. But it’s a small investment with major returns, especially considering that the money you’re awarded is yours free and clear.
The Effects of Scholarships on Student Academics
No matter how you pay for post-secondary education, scholarships offer clear advantages over other methods, particularly regarding the impact on student academics. With a scholarship, there’s no financial burden weighing you down while you learn. You don’t have to repay the money, so you can focus on your studies without the added stress.
For some students, this could mean the difference between completing their studies or abandoning them altogether.
Dr. McBarron started the Dr. Jan McBarron Scholarship Program to encourage passionate students in the healthcare field to achieve their academic goals. Two scholarships valued at $500 each are available to students attending a college in the United States or Canada.
It is Dr. McBarron hopes to fill the medical community with dedicated doctors, nurses, and other professionals that don’t allow the burnout and financial burdens from school affect their ability to serve the patients that depend on them.