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Financial Impact of Scholarships

Scholarships can significantly reduce the financial burden of higher education. According to the National Center for Education Statistics, the average cost of tuition and fees for the 2021-2022 academic year was approximately $37,600 at private colleges, $10,740 for state residents at public colleges, and $27,560 for out-of-state residents attending public universities³. By securing scholarships, students can potentially save thousands of dollars and minimize student loan debt.