Scholarships (and grants which are really the same thing with a different name) are gift assistance. They are yours to spend on tuition and you never have to repay them.
This series of brief articles takes a service-oriented look at the factors that families should discuss as they consider the financial side of a college decision.
Just how long should it take to earn a four-year degree? Traditionally, four years has always been the standard --- that's why we call it a four-year degree. It's easy to assume that's how long it will take you to graduate at the college of your choice.
From the start, let's make your college choice about value, not about cost. To do that you need to cut through a couple of myths:
Does a week go by without the press or a politician talking about the plight of college-bound students? How do you separate what is real from that which is more about peddling papers and vying for votes?