provide 3 possible financial sources for assistance that you can access for funding your studies and indicate the financial obligations you will have if you choose each of these options
scholarships - keep good grades
grants - good grades
bank loans - repayment with interest
help from family
According to the article and your opinion why do learners stop their studies and fail in their first year of studies at colleges or universities
yes
When it comes to funding your studies, there are various financial sources you can explore. Here are three possible options along with their corresponding financial obligations:
1. Scholarships and Grants:
Scholarships and grants are typically awarded to students based on academic merit, financial need, or specific criteria. These funds do not require repayment, making them an excellent source of financial assistance. The financial obligations associated with scholarships and grants are often limited to meeting certain academic performance or program participation requirements.
2. Student Loans:
Student loans are another option, and they can be obtained from government organizations or private lenders. While loans can provide immediate funding for your studies, it's important to know that they need to be repaid with interest. The financial obligations associated with student loans include making regular repayments, keeping up with interest payments, and potentially facing a long-term debt burden after graduation.
3. Part-Time Work:
Working part-time while studying can provide financial support for your studies. This option allows you to earn an income, which can be used to cover tuition fees, accommodation costs, and other expenses. However, it's important to consider the financial obligations of working part-time, such as managing your time effectively to balance work and study commitments, potentially impacting your academic performance, and ensuring you have enough time for self-care.
It's worth noting that the financial obligations and options may vary depending on your country, educational institution, and personal circumstances, so it's essential to research and explore specific sources of funding available to you.