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Six Myths About Scholarships — and How They Can Value You


Some issues about school scholarships are apparent – particularly, that free cash to assist pay for school is an effective factor. However for one thing everybody is aware of about, there’s truly plenty 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 the way to make these great instruments aid you pay in your school training.

Fable 1: It’s a must to be a star scholar (or a jock, creative virtuoso, and many others.) to win scholarships

We’re not going to lie: when you’re the varsity valedictorian, already received a Pulitzer, and certified for the Olympics, it’s true you’ll have a better time getting school scholarships. However you don’t should be any of these issues to earn vital quantities of scholarship cash.

All you need to be is resourceful.

Seems, there are plenty of scholarships on the market primarily based on all types of standards. Whereas government- and academic-issued scholarships often have at the very least 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 similar to your faith, gender, or ethnicity, hobbies, creative 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. Should you look, likelihood is you’ll discover at the very least a number of which can be an ideal match for you.

To make that course of simpler, examine our scholarship database that allows you to search by numerous standards so you’ll be able to dwelling in on the choices which can be the most effective match for you.

Fable 2: School scholarships are good for all for 4 years of faculty

Some scholarships are granted as four-year awards, however many are usually not. Whenever you apply for a scholarship — and particularly when you win it — be sure to perceive when you’ll have to reapply yearly to proceed to obtain the scholarship.

You also needs to examine to see what standards you could meet annually to remain eligible for the scholarship — it will not essentially keep the identical. Frequent methods you may turn out to be ineligible for a scholarship you’ve already received is that if your grades drop, you progress, or when you change majors.  

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

When you definitely ought to begin in search of school scholarships when 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 school or pursuing graduate training.

And keep 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 means in school. Should 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 short kind. (Our scholarship is straightforward to use for and your dad and mom can apply as properly.)

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 replica of your educational transcript.

Fable 5: Solely large scholarships are value making use of for

Successful a big-name and/or big-dollar-amount scholarship is clearly a feather in your cap in addition to a approach to convey down your complete school prices. However right here’s the draw back: Any scholar with half a prayer of profitable 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 in addition they are likely 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 provides three $500 scholarships to native grads. And only some thousand youngsters annually graduate from highschool in that county – lots of whom received’t trouble to use. You may have a greater than 1-in-1000 probability of snagging a kind of grants, in comparison with some big-name scholarships the place you’d be competing in opposition to tens of 1000’s of different college students.

 Now, $500 isn’t prone to imply you graduate school debt-free. However when you can win 5, 10, or 20 of these smaller scholarships over the course of your school profession, it may well add as much as 1000’s of {dollars} of free cash — and a a lot lighter scholar mortgage burden when you graduate.

It is value spending a while in search of all of the smaller, under-the-radar scholarships that may go well with you. It doesn’t should be a full-time job – an hour per week to analysis and fill out functions may very well be sufficient to web you a major quantity of free cash.

Fable 6: Scholarships are solely good for tuition

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

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

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

You’re juggling rather a lot attempting to wrap up highschool and prepare for school. On the lookout for scholarships can really feel like another job on an already-overfilled plate. However when you can handle to squeeze in just a little time to search for (and apply to) the scholarships which can be the most effective match you may be stunned how fruitful that effort is.  To study extra, take a look at our scholarship information.

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