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: The gym membership fee is due at the beginning of each month .

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: Scholarships and grants can help offset the cost of attendance for eligible students .

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: Repaying her student loans has been a significant financial burden since graduating .

tuition assistance [noun]

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

Ex: Military personnel can access tuition assistance to pursue higher education while serving .

funding [noun]

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

Ex: Without proper funding , the construction project can not proceed .

bursary [noun]

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

Ex:

endowment [noun]

money or property donated to an institution, the income from which is used for its support

Ex: The hospital receives income from its endowment for medical research .

grant [noun]

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

Ex: The nonprofit organization was awarded a grant to expand its community outreach programs .

school voucher [noun]

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

Ex: The debate over school vouchers centers on their impact on public education funding .

sponsor [noun]

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

Ex: Without a sponsor , he would not have been able to afford his education abroad .

sponsorship [noun]

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

Ex: The concert series attracted sponsorship from beverage companies for promotional opportunities .

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 scholarship helped her pay for tuition , books , and housing while she completed her degree .

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: He applied for a fellowship to attend the prestigious conference and present his research findings .

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:

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: The Federal Work-Study Program offers flexible job opportunities tailored to students ' schedules .

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: Teachers often benefit from Public Service Loan Forgiveness .

scholar [noun]

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

Ex: As a scholar , he was able to pursue his studies abroad with the aid of financial assistance .

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