Impact of Financial Aid on Academic and Professional Goals: An Essay

This essay explores the pervasive issue of financial need among students pursuing higher education and its impact on their academic and professional goals. It highlights how financial constraints can hinder students, particularly those from low-income backgrounds, from accessing quality education and achieving their career aspirations. The essay emphasizes the crucial role of scholarships and grants in bridging the financial gap, enabling students to focus on their studies without the distraction of financial worries. It also discusses how scholarships can foster philanthropic behavior and lists several scholarships for volunteerism and community service. The essay concludes by underscoring the importance of financial support in empowering students to reach their full potential and contribute to society, while also urging students to effectively communicate the value a scholarship would hold in their lives to universities.

Running head: FINANCIAL NEED
FINANCIAL NEED
Name of the student:
Name of the university:
Author note:

1FINANCIAL NEED
Many students often need financial need in order to do their college or further studies in their
career (Mourshed, Farrell and Barton). It is a requirement that is unavoidable if one aims to get into good
college which is undoubtedly very important. Academic and professional goals are vital for the
universities when it comes to giving the grants. This essay aims to discuss the academic and professional
goals along with financial needs.
After graduation from high school, many students aim to pursue higher education, and they
become persistent in order to achieve the career aspiration (Scarboro 101). Student across the world
dream of getting a good education, since education is expensive, precisely the well-reputed universities
and colleges the tuition fees become too expensive for some of the students to endure. Often children are
raised by a single parent and the costly education costing cannot be shared between two parents. Often
students aim to study medicine, engineering, creative design courses however due to high education cost
they fail to achieve their professional goals. Professional goals are the aim of the children that they want
in their professional field. Universities are aware of this fact, and there are several universities that
provide grants to students who cannot afford the high tuition fees.
In order to gain the scholarship or grants from universities, the students need to convince the
university that there is no other candidate who is more eligible as well as in need of the scholarship
(Bukhari and Denman 152). The scholarship helps in various ways. Getting the privilege of scholarship
makes the student focus on studies without the distraction that comes from a lack of financial support.
Students get time to study for more times as the need for working for pay is relatively less. Scholarship
has the capability of making the cost of education less that is needed for completing higher studies. The
scholarship is a way of filling the gap between the students who fall under the high and low-income
group. Along with the financial assistance, it encourages philanthropic behaviour among the students
who get the benefit of scholarship (Silka).
Few of the great scholarships for volunteerism and community service are:

2FINANCIAL NEED
1. Alliant Energy Community Service Scholarship
2. Angie Houtz Memorial Scholarship Fund
3. AXA Achievement Community Scholarship Program
4. Bonner Scholars Program
5. Disabled American Veterans Youth Volunteer Scholarships
Financial need is a significant part of student life. In order to achieve the professional goal, one
need financial support which is often not easy for students belonging to the middle and low-income
group. Many universities provide a scholarship to help the students with potential and desire as students
of today are the future of tomorrow. However, due to lack of resources, it is a decision that is to be made
with various concern and students need to make university understand the value scholarship will hold in
their life. Also, the multiple ways the scholarship will contribute to the student’s education and the way it
will help the student contribute to society.

3FINANCIAL NEED
References:
Bukhari, Fawzy, and Brian Denman. "Student scholarships in Saudi Arabia: Implications and
opportunities for overseas engagement." Higher Education in Saudi Arabia. Springer, Dordrecht,
2013. 151-158.
Mourshed, Mona, Diana Farrell, and Dominic Barton. Education to employment: Designing a system that
works. McKinsey Center for Government, 2013.
Scarboro, Donna. "The Benefits and Limits of Scholarship and Self-Expression Among International
Education Professionals." International Higher Education's Scholar-Practitioners: Bridging
Research and Practice (2016): 93-103.
Silka, Linda. "Scholarship in action: Applied research and community change." 2013.