Not only do scholarships help people pay for college, but they allow people to further their education. The best education possible is what everyone deserves and what they strive for. College helps families pull out of poverty, and the effects of education are felt across communities and through generations. Scholarships help lead students to college to better their life for themselves and for their family. The average student loan borrower graduates with $29,400 in student loan debt. That simple statistic shows how important scholarships are.