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So now that we’ve covered how to avoid being scammed, I’m sure you wondering how you can find legitimate scholarships. It is possible. Here are the twelve tips that I give students that will help them get some of that elusive scholarship money:
- Start with a FREE reputable online scholarship search, like www.fastweb.com or www.srnexpress.com. Or buy a scholarship guide book that is LESS THAN ONE YEAR OLD. These books plus other useful information may be available at your local library and or through the colleges themselves.
- Check with the parents’ employers (or the student’s if they are working). Many large corporations have scholarships yet the parents were unaware of this option. Each time I teach a class on this subject, I get a call or two the next day from parents thanking me for this.
- If the student is at least 1/6th Native American, check with the Bureau of Indian Affairs. They often have scholarships available, depending upon the tribal ancestry.
- Be selective. DO NOT apply for scholarships that are too broad. Try to find things that are more unique to you. Example: Loyola Chicago has a scholarship for people who meet two criteria: Catholic and last name Zolp. This is different than Coca-Cola scholarship that almost anybody can apply for. Look for stuff that matches you as closely as possible, and weeds out as many others as possible. IMPROVE YOUR ODDS.
- Do NOT apply for scholarships that you do not qualify for. Example: don’t apply for a scholarship that has a 3.75 GPA requirement if you have a 3.6.
- Do make sure you get your application to them in time. Missing a deadline just means you wasted your time, since you will automatically be disqualified.
- Don’t assume you don’t qualify just because you don’t have a perfect GPA and excellent SAT scores. Many sponsors are looking for something other than grades, like community service or religious affiliation.
- Read the directions. Don’t leave sections blank.
- Write a good essay about something you’re enthusiastic about. Put time into it and proof it.
- Get letter of recommendation from people who will say genuinely nice things about you, not just whoever is handy or all your friends asked.
- Start NOW. As in RIGHT NOW. Don’t wait until you’re a senior or already in college.
- Lastly, don’t neglect to apply for financial aid, even if you think that you don’t qualify or your family makes too much money. There is nearly $100 BILLION available each year to students versus less than $3 billion in scholarships. Many parents miss this altogether. Each time I ask the question in my seminars: “ How were you planning on paying for college” Most parents will mention scholarships and loans. But many of the best, federally funded loans may not be made available if you fail to complet the aid applications.
I hope these tips keep your family away from the scammers. College tuition has gone up by 35% since 2001 and the scammers know this. They are looking for ways to make money on your family. For the full report and more go to college scholarships and free money for college.
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