Table of Contents

1. What does a bachelor’s degree cost?

2. Has the cost of a bachelor’s degree risen?

3. What do bachelor’s degree holders earn per year?

4. Can students get loans for a bachelor’s degree?

5. Why taking a bachelor’s degree is worth the cost

6. How to receive a bachelor’s scholarship

6.1. Start Early

6.2. Make a list of desired scholarships

6.3. Ace your application

6.4. Crack entrance exams

6.5. Keep searching even after application

6.6. Ace your bachelor’s scholarship application

Public colleges in the USA cost an average of $12,450 per annum while getting a bachelor’s degree at a private college averages out at $17,750 a year.

The costs of getting a bachelor’s degree is rising fast, along with higher than ever inflation rates. Tuition at public, four-year schools in the US currently adds up to three times the price students typically paid out 30 years ago, The College Board reports. Don’t forget the rising prices of accommodation, food, textbooks, other fees and expensive necessities such as laptops when you are considering the cost of your bachelor’s degree. 

Researchers have found that graduates with a bachelor’s degree can earn an average of up to 50% more per annum than people their own age who don’t have a degree. That’s a minimum average US salary of $67,860 every year. Associate degree holders earn an average of $48,776 per year, while high school diploma students can expect to earn a median wage of $40,612 per annum.

Loans are now relied upon more than ever and paying them back can take years. Student loan debt across the US topped $1.4 trillion in 2019, which is a rise of a massive 116% over the span of the past decade.

Taking the steps to earn your bachelor’s degree is braver and more admirable than ever. It will better your life in far many ways than just the earning capacity. You’ll have the education to focus on changing the world for the better, plus the self-confidence and pride in your accomplishments once you have the bachelor’s degree. That makes the majority of students strive for excellence and take that huge decision to study for longer. 

A bachelor’s degree is just a dream for many. A sponsorship can make it become a reality for you.

Competition for scholarships is fierce. Make sure you get a head start and know exactly the steps you’ll need to take to win that all-important scholarship for your bachelor’s degree. You’re going to have to impress the board who administer the scholarships by being the best and that takes time and careful preparation.

There’s several different types of scholarships that are available: merit, major-based, diversity, sport achievements, government funded and awards that are given automatically during your bachelor’s degree based on academic brilliance. Some will be based on financial need only and take a look at both your own and your parents’ income. 

It’s said that only 42% of available scholarships can be searched for online so ensure you talk to the university of your choice about the financial aid available, as well as looking at private scholarships from companies. 

THE TOP 5 BACHELOR’S SCHOLARSHIPS >

You’ll need a GPA; CV (academic, not professional) that includes academic as well as extracurricular achievements; strong application essays, plus recommendations.

Here’s where entrance exams like the SAT really shine. If there’s two identical students to award a scholarship to but one has an SAT and the other does not, the SAT holder will get the scholarship. 

Is it too late to fix your GPA, CV? You still can boost your chances by doing well on the entrance exam.

Talk to alumni and current students about scholarships. This is where networking is key. Join 700+Club’s discord group to discuss scholarships with like minded students, tutors and representatives from top schools. > 

Students can request additional funding from the university. There are high chances that your chosen university can provide additional support if students demonstrate eligibility and genuine desire to study at the university.

On top of that, scholarships are not necessarily solely received before the freshmen year. Many universities offer an option to get the scholarship after the first year as a result of their performance (either academic, extracurricular or both)

700+Club is here to make your scholarship dreams a reality. We can help you to get top marks in your SAT test with our Group and Individual Courses. > 

Our experts can help you hone your application for a scholarship with our Admissions Consulting service. > 

Start your journey to a brighter future now by scheduling a call with us. >