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Six Myths About Scholarships — and How They Can Price You

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Some issues about faculty scholarships are apparent – particularly, that free cash to assist pay for faculty is an effective factor. However for one thing everybody is aware of about, there are literally quite a lot of misconceptions and myths on the market about how scholarships work and the way college students can qualify for them.

Take a look at these six frequent myths about scholarships and learn how to make these large instruments enable you pay in your faculty schooling.

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Fable 1: It’s a must to be a star pupil (or a jock, inventive virtuoso, and so forth.) to win scholarships

We’re not going to lie: in case you’re the varsity valedictorian, already received a Pulitzer, and certified for the Olympics, it’s true you’ll have a neater time getting faculty scholarships. However you don’t need to be any of these issues to earn important quantities of scholarship cash.

All you need to be is resourceful.

Seems, there are quite a lot of scholarships on the market primarily based on all types of standards. Whereas government- and school-issued scholarships often have not less than modest educational standards for candidates, non-public scholarships will be primarily based on no matter standards the donor chooses.  

There are scholarships primarily based on demographics akin to your faith, gender, or ethnicity, hobbies, inventive pursuits, your meant profession path, and plenty of extra. There are even scholarships on the market for super-tall individuals, or these with a sure uncommon surname. In the event you look, likelihood is you’ll discover not less than a number of which might be an ideal match for you.

To make that course of simpler, test our scholarship database that permits you to search by varied standards so you’ll be able to dwelling in on the choices which might be the most effective match for you.

Fable 2: Faculty scholarships are good for all for 4 years of college

Some scholarships are granted as four-year awards, however many should not. Whenever you apply for a scholarship — and particularly in case you win it — ensure you perceive in case you’ll must reapply yearly to proceed to obtain the scholarship.

You also needs to test to see what standards you must meet every year to remain eligible for the scholarship — it will not essentially keep the identical. Frequent methods you possibly can grow to be ineligible for a scholarship you’ve already received is that if your grades drop, you progress, or in case you change majors.  

Fable 3: It’s a must to apply in highschool

When you definitely ought to begin searching for faculty scholarships whilst you’re nonetheless in highschool, you’ll be able to proceed to use for scholarships for so long as you’re in class. Some scholarships are particularly geared toward college students who’re already enrolled in faculty or pursuing graduate schooling.

And bear in mind: Simply since you didn’t qualify for a particular scholarship in highschool doesn’t essentially imply you don’t have an opportunity to win it later after you’ve confirmed your skill in faculty. In the event you see a scholarship that you just nonetheless suppose is an effective match, go for it!

Fable 4: It takes a ton of effort to win a scholarship

It’s true, some scholarships do take a good quantity of effort to earn, together with writing an essay and gathering reference letters and different documentation. However that’s not the case for all scholarships. Tons of scholarships don’t require an essay; some take little greater than a filling out a quick kind. (Our scholarship is straightforward to use for and your mother and father can apply as nicely.)

The place you do need to spend some effort is ensuring you’ve met all the necessities for a given scholarship. The very last thing you need is to overlook out on free cash since you despatched in a kind a day late or forgot to incorporate a duplicate of your educational transcript.

Fable 5: Solely massive scholarships are price making use of for

Profitable a big-name and/or big-dollar scholarship is clearly a feather in your cap in addition to a approach to convey down your whole faculty prices. However right here’s the draw back: Any pupil with half a prayer of successful them is making use of for them, so that you face steep competitors.

Smaller scholarships and people from lesser-known establishments don’t get as a lot fanfare, however additionally they are inclined to get far fewer candidates, so the possibilities of you being the chosen grantee are a lot better.

Give it some thought: Let’s say a rural county’s chamber of commerce affords three $500 scholarships to native grads. And just a few thousand children every year graduate from highschool in that county — lots of whom received’t hassle to use. You would have a greater than 1-in-1000 probability of snagging a type of grants, in comparison with some big-name scholarships the place you’d be competing in opposition to tens of hundreds of different college students.

Now, $500 isn’t prone to imply you graduate faculty debt-free. However in case you can win 5, 10, or 20 of these smaller scholarships over the course of your faculty profession, it could actually add as much as hundreds of {dollars} of free cash — and a a lot lighter pupil mortgage burden when you graduate.

It is price spending a while searching for all of the smaller, under-the-radar scholarships that may swimsuit you. It doesn’t need to be a full-time job — an hour or two every week to analysis and fill out purposes may very well be sufficient to web you a big quantity of free cash.

Fable 6: Scholarships are solely good for tuition

A shocking variety of individuals suppose scholarships solely can be utilized for tuition or direct schooling bills and that’s not essentially the case.

Every scholarship has its personal guidelines for a way you need to use scholarship funds. Some are only for tuition; some can be utilized broadly for residing bills and extra. Some are even earmarked for sure sorts of bills, akin to a stipend to purchase know-how wanted to pursue your schooling.

If and once you win a scholarship, ensure you double-check its tips to make sure you’re staying throughout the established guidelines.

You’re juggling loads making an attempt to wrap up highschool and prepare for faculty. Searching for scholarships can really feel like yet one more activity on an already-overfilled plate. However in case you can handle to squeeze in a little bit time to search for (and apply to) the scholarships which might be the most effective match you may be stunned how fruitful that effort is.  To be taught extra, try our scholarship information.

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