Five financial options which are available to students in higher education institutions are:
- Scholarships
- Grants
- Bursaries
- Fee Waivers
- Loans
What is a Financial Option?
This refers to the different choices which a person has with regards to how to solve a financial need.
With this in mind, we can see that some of the advantages of these financial options includes that the student would be able to further his education and realize his dream while the one disadvantage for them is that they are at the mercy of their sponsors.
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