Applying for a fancy or top-ranked college for modern education often comes at a huge cost and you have to resort to taking student loans from federal and private sources. These loans are granted at an interest rate and you have to pay those study loans back eventually. On the contrary, if you apply for scholarships, you don’t need to pay anything back. Scholarships are a great way to fund your studies which are funded by colleges, welfare organizations, governments, non-profit organizations, etc.
For further information: https://ascholarship.com/how-to-find-and-apply-for-scholarships/