Eric Dalius Elucidates on the Importance of Educational Scholarships in the US

Eric Dalius these days, the cost of higher education in the US has increased manifold. Then, as a student and if you need financial aid, you must know how to apply for scholarships as well as increasing. Your chances of obtaining the prize or reward money.

According to https://ericjdaliusfoundation.com/, the Eric Dalius scholarship foundation walks the extra mile to help deserving US students to attend higher studies in accredited colleges or universities. It is especially important for students with a college degree for post-college career development. Here are some of the reasons why educational scholarships have assumed so much importance:

Eric J Dalius talks about the slowing economy and poor family income

Since the corona pandemic, the world economy has entered into recession with people losing employment. Consequently, families have little or no income. Then, parents still try their best to contribute to their children’s advanced education fees. However, any family’s ability to contribute to their kid’s education has dipped significantly, of late.

Based on the findings of Longmire and Company, a higher education consulting firm, 33 percent of the parents said that they contemplated to give less than $5,000 for their kid’s college tuition fees, but hardly managed to cover textbooks for four years.

College education fees have become expensive

Based on some 2010 Trends in College Pricing report of College Board, it was found that since 2000, public 4-year tuition fees have increased above five percent per annum over inflation. Again, as far as public 2-year and 4-year colleges respectively, the tuition fees did increase by three percent over inflation. All these factors, according to EJ Dalius have made higher education fees very expensive in recent times.

Government support for students has declined radically

Though it may seem that the United States has recovered from the 2009 recession. Yet with the corona crisis, it has increased manifold. The country is still reeling from a financial crisis. Due to the global pandemic and therefore, the US government has made significant reductions. In educational funding for students, which included advanced education. Consequently, public educational institutes and universities have raised their tuition fees, affecting the poor and middle-class families of the country. Students hailing from low-income backgrounds need to shell out more tuition fees. That is why private scholarship programs have assumed so much importance, of late.

US citizens have huge loans to repay

Did you know that one-fourth of the American population approximately 70 million people have collective loans of $700 million, especially student debt? It is a huge amount to repay. Based on the findings of the Institute for College Access and Success. Any college graduate in the country has $24,000 in educational loans until the period they graduate. The sad part is that the amount will shoot up even more in the days to come. The experts in the country might lead to the next financial bubble and burst. Therefore, if students have so many loans to repay, how can they afford higher education without any financial assistance?

Conclusion

Education is essential, especially higher studies for bagging a well-paying job and a rewarding career. Student scholarship programs help you do just that.