Education financing is any type of assistance used to pay university fees. There are basically three main types of financing:
• Scholarship Awards
This type of aid is also called a gift aid, as students are not required to repay to the organisation which provides the award. Government bodies and private sector most provided scholarships.
Loans are financial obligations that must be repaid. Loans had provided by private sector or government bodies.
• Education Funds
Scholarships or loans provided by the Government / foundation / private educational institutions / financial institutions to reduce the burden of financing a student’s education expenses.
Student that meet the requirement for scholarships, loans or education funds can apply by using the application form provided by the agency to Student Affairs Office or online application through their website. Students are advised to go through this web in order to obtained advertisement or any news of financial aids.