As a STEM student, you know that you’ll be saddled with debt after graduation. According to the U.S. Department of Education, the average cost of one year at a public university is $10,000; at private schools, it’s more than $28,000 per year. And that’s not even counting room and board! Those numbers can feel overwhelming—especially if your family isn’t able to help subsidize your education with money or labor (or both). Luckily for students pursuing careers in STEM fields, there are plenty of financial aid options available so they can afford school without taking out loans they might struggle to pay back later on down the line.
Scholarships for STEM students can help you afford an education in one of the fastest growing career fields.
, David Woroboff is of the opinion, that STEM careers are projected to grow faster than other fields, with more than two million jobs expected to be added by 2022. STEM students also have a higher chance of finding employment after graduation: according to the Bureau of Labor Statistics, 93% of bachelor’s degree holders in science and engineering fields were employed full-time within one year after graduation in 2017.
In addition to helping you pay for your education, scholarships can also serve as excellent preparation for future employers who value critical thinking skills.
Scholarships are available from many different sources, including individual organizations and foundations.
Scholarships are available from many different sources, including individual organizations and foundations. A number of scholarship providers offer awards based on a student’s academic record, financial need or some combination of both.
Scholarships can be a great way to help pay for college if you’re looking for funding outside of federal loans or grants.
For students with fewer resources, there are scholarships specifically designed to help them overcome financial barriers.
There are also scholarships designed to help students with financial need, physical or mental disabilities, and disadvantaged backgrounds. These types of scholarships can provide an even larger boost than general merit-based awards because they’re specifically designed to offset the costs associated with pursuing a STEM degree.
Many major universities offer scholarships to incoming freshmen based on academic performance and test scores.
Many major universities offer scholarships to incoming freshmen based on academic performance and test scores. The number of scholarships available depends on the school, but they are often limited by a student’s GPA and SAT/ACT scores.
Scholarships can be based on financial need or merit–or both. Some schools offer an institutional scholarship that covers all tuition costs, while others provide grants and awards for specific programs such as athletics or music performance.
Many private organizations also award scholarships to students who meet certain criteria. These organizations may require applicants to submit essays about their personal achievements or goals for the future; others may give preference to ethnic minorities or members of underrepresented groups such as women or veterans returning from war zones (also known as “gold star” applicants).
In conclusion, scholarships can be an invaluable resource for students who want to pursue a career in STEM. They can help you pay for college and reduce the burden of student loans after graduation. They also offer a chance at financial security in an uncertain economy where many jobs don’t come with benefits or job security.