So what about those scholarships? Who needs a scholarship, and where do they come from? The obvious answer to the first question is: whoever needs the money for school! But there are varying reasons for needing a scholarship (or many scholarships) and - as for the second question - many different places to get them. Loans are not free money. Some student loans are better than others when it comes to interest rates, repayment installments, deferments or forgiveness, but it is always a big responsibility. The larger the amount of the loan or loans you borrow, the heavier the responsibility.
Perhaps you are eligible to take out loans on your own, but don't know if you will be able to go straight into the workforce after college. Maybe you'd like to reserve the possibility of going straight into graduate school. Whatever the reason, you may not want to have loan payments looming after getting your diploma. Or, perhaps you have the financial wherewithal to attend college or graduate school without taking out any loans, but want to be able to use the funds for something else. So, if you think you're someone who needs a scholarship, plan ahead. All academic scholarships require top-notch grades, and you'll need to start applying yourself your freshman year of high school. Community organizations, private businesses, endowments and universities with athletic or academic specialty needs might not require the highest grade point average, but they do require academic and leadership minimums.
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