Education - Finance and Expenses

Here you will learn some English words related to finance and expenses such as "tuition", "student loan", and "bursary".

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fee

[noun]

the money that is paid to a professional or an organization for their services

Ex: There 's an fee if you require expedited shipping for your order .

tuition

[noun]

an amount of money that one pays to receive an education, particularly in a university or college

cost of attendance

[noun]

the total estimated expenses a student can expect to incur while attending an educational institution

Ex: Understanding cost of attendance is crucial for students and their families when planning for higher education expenses .

student loan

[noun]

a loan taken out by a student to help pay for educational expenses, usually with the requirement to repay the borrowed amount with interest after completing their studies

Ex: Before applying for student loan, it 's important to understand the terms and conditions , including interest rates and repayment options .

tuition assistance

[noun]

financial support provided to help cover the cost of tuition for education or training

Ex: Many universities have programs tuition assistance based on financial need .

funding

[noun]

the act of providing money or capital to support a project, organization, or activity

Ex: funding for the project was provided by the government .

bursary

[noun]

a financial grant or scholarship typically awarded to support a student's education

Ex: The aspiring artist received bursary to attend an esteemed art school and nurture their creative talents .

endowment

[noun]

a financial contribution or asset given to support specific purposes, like education or charitable activities

Ex: The school used endowment to enhance facilities and offer extracurricular programs .

grant

[noun]

an amount of money given by the government or another organization for a specific purpose

Ex: Startups often grants to support early-stage development before becoming profitable .

school voucher

[noun]

a government-funded certificate that parents can use to pay for tuition at a private or charter school

Ex: Some argue that school voucher programs promote competition and innovation in education.

sponsor

[noun]

a person or organization that provides someone with financial supports for their education

Ex: The artist 's education was funded by a sponsor who believed in her potential .

sponsorship

[noun]

the act of supporting or financing an individual, group, event, or activity, typically in exchange for advertising, promotion, or recognition

Ex: The marathon event sponsorship packages for businesses to gain exposure to participants and spectators .

scholarship

[noun]

a sum of money given by an educational institution to someone with great ability in order to financially support their education

Ex: The university offers scholarships to students from low-income backgrounds .

fellowship

[noun]

a financial award or grant provided to support research, study, or professional development, often in academia or a specific field of study

Ex: fellowship program aims to foster collaboration and exchange of ideas among scholars from diverse backgrounds .

Pell Grant

[noun]

a federal financial aid program in the United States that assists eligible undergraduate students with financial need in covering college expenses

Ex: The increase Pell Grant funding aims to expand access to higher education for low-income students .

Federal Work-Study Program

[noun]

a United States government initiative that provides part-time employment opportunities for eligible college students to help finance their education

Ex: Universities often collaborate with local businesses to provide employment opportunities through Federal Work-Study Program.

Public Service Loan Forgiveness

[noun]

a program in the United States that forgives remaining student loan balances after 120 qualifying payments for individuals working full-time in public service jobs

Ex: PSLF has faced criticism for its complexity.

scholar

[noun]

a person who is granted a scholarship or financial aid for their academic pursuits

Ex: scholars rely on financial assistance to afford the costs associated with attending college or university .

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Education - Finance and Expenses