Skip to content

Affording University: Is it Possible to Get the Education You Want?

Many intelligent people, who want to proceed with their education, are afraid to commit to university studies because they don’t want to repay debts for many years to follow. If you belong in that category, there is one thing you should always keep in mind: there are always options to get financial support that will get you through the years at university.

There is a simple answer to the question ‘can I afford to get a degree?’ – yes if you try hard enough. People find different ways to fund their studies at college and universities, but most of them rely on grants, loans and scholarships. If you don’t manage to cover the full tuition and living expenses through those methods, you will work to make up for the shortfall.

Regardless of your current situation, it’s very important to submit your applications for scholarships and grants as soon as possible. The sooner you apply – the more chances you’ll have to get your application processed before the limit of the program is reached.

Don’t Be Scared of Debt

When students and parents realize they will owe a huge amount of money if they get student loans, their dreams are instantly crushed. Do not focus on that total sum; focus on the repayment rates you will be burdened with after graduation. What kind of job do you plan to get thanks to that degree? Will the starting positions in that career enable you to cover that rate and still live comfortably? Student loan systems have been structured to be affordable for graduates. Most people manage to pay that money back through hard working and smart budgeting. Debt does come with its share of risk, but the chances that you’ll get stuck are much lower than the opportunities for a successful career once you become a degreed professional.

Remember: the Government does not allow banks to request higher rates than the ones you are able to pay based on the earnings you make. Maybe you’ll be repaying that loan for a very long time, but at least you will have the education that enables you to make professional progress. When we weigh out the pros and cons, university degrees are actually cost-effective.

How to Finance University Studies

Of course, a loan should not be your first option, since there are different ways to get some free money for education. Let’s see what alternatives you have if your family doesn’t have enough to cover the expenses for university:

  • Government loans – they can cover the complete tuition fees and are paid straight to your university. You will need to pay this money back once you graduate and you start making an income.

  • Combination of maintenance loan and grant for covering living expenses. The amount of money you get through this method depends on your family’s income and your accommodation during the studies.

  • Scholarship – a monetary award offered by governmental or private agencies. The applicants have to meet certain criteria, since this type of aid is usually merit-based. Scholarships come for free; you won’t pay anything back.

  • Grant – another type of free aid that’s usually need-based. If you come from a low-income family, you’ll have chances to get a grant from the organizations that provide support in this form.

  • Maintenance loans and grants – if you have covered the tuition fees through any form of payments, but you lack finances for living expenses, you can get a loan or a grant to cover them. The grants are need-based, so you’ll need to prove your family has low income.

  • Special scholarships – students from certain ethnic and religious groups can get scholarships from organizations that support them. Single mothers can also get scholarships if they decide to proceed with higher education. Disabled students also have great chances of getting scholarships.

If you opt for a loan, it might not come through in time, so you’ll need to find another way to pay the rent. This scenario is highly unlikely to occur if you apply for loan on time, but you should be prepared just in case.

If grants, scholarships and loans are not enough to cover your living expenses, you can always get a part-time job that won’t take too much of your energy. The most important thing is that you should never give up on your education. If you’re motivated enough to study, no obstacles should prevent you from achieving that goal.

Published inUncategorized


  1. Reginald Reginald

    That’s very true, but it’s not always possible. I would love to go to college to learn to become a strength & conditioning coach/personal trainer, but the school situation is ridiculous in Estonia.

  2. Christopher Christopher

    I am a firm believer that the traditional methods of education are getting pushed to the wayside. The power of our information age and the opportunity to tap in is completely at our disposal.

Leave a Reply

Your email address will not be published. Required fields are marked *