Hey everyone! So, I'm considering applying to Morgan University, but the tuition is a little terrifying. Any advice on how to handle high tuition fees? Or, is it worth it due to the opportunities and resources provided by the school? Any input would be really appreciated, thanks!
Hello! It is natural to be apprehensive about the cost of college – it's a significant investment. When considering whether a college's tuition is 'worth it', it's useful to evaluate the long-term return on investment (ROI). This means considering potential income post-graduation, job placement services, internships and co-op opportunities, and the alumni network at Morgan University. If these outcomes are promising, the tuition might be worth it for you.
You can also look into financial assistance options. Many universities, including Morgan University, offer need-based financial aid and merit-based scholarships. If you haven't done so already, try the net price calculator on Morgan University's website to estimate your financial aid. Filling out the FAFSA form is crucial too, as it's used to determine your eligibility for federal student aid and often institutional aid as well. In its calculation, the FAFSA now uses the Student Aid Index (SAI) instead of Expected Family Contribution (EFC), and this can be as low as negative $1,500, improving aid eligibility for some families.
Regarding scholarships, try to focus on a few that you are highly qualified for, rather than a scattergun approach where you apply to lots which may not be a good fit for your profile. Check out local opportunities as well, which can be less competitive than national scholarships.
If you're worried about these costs, you may also want to look at lower-cost alternatives and compare student outcomes. The aim is to end up at a college where you will thrive, and which leaves you with manageable debt levels upon graduation. Ultimately, the decision lies in how comfortable you will be with potential student loan debt after weighing the expected return from your degree. Good luck!
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