You may qualify for financial aid to attend school. Grants and scholarships are available to those who qualify to assist with paying for your education. To learn more, click here to visit the U.S. Department of Education website.
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Full time workers age 25 and above in 2019 saw median earnings with a bachelor's degree of $26,104 more than the median earnings of full time and salary workers with a high school diploma. Source: https://www.bls.gov/emp/chart-unemployment-earnings-education.htm
The 2011-12 National Postsecondary Student Aid Study (NPSAS:12) published Student Financial Aid Estimates for 2011-12 stipulating the number of full time students who received Pell grants with between $60,000 to $80,000 increased to 18% in 2011-12 from 2% in 2007-08. Source: http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2013165
The Federal Pell Grant provides students with annual assistance of up to $6,895 and is awarded to both undergraduate as well as graduate level students; however, typically undergraduate students receive this type of aid. A Federal Pell Grant does not have to be repaid whereas student loans do have to be repaid. Source: https://studentaid.gov/understand-aid/types/grants/pell
Under certain circumstances, a Federal Pell Grant will need to be repaid. For example, if you decide to withdraw from school before you graduate, you will need to pay the Grant back. Source: https://studentaid.gov/understand-aid/types/grants#grant-repayment
*Unemployment data shows that the possibility for unemployment decreases as an individual gains education and training. Those with only a high school diploma or equivalent average a 4.6% unemployment rate, whereas those with a bachelor’s and master’s drop in unemployment averages to 2.5% and 2.2% respectively. Source: https://www.bls.gov/emp/chart-unemployment-earnings-education.htm
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