You are ready to take the SAT and soon decide to go to the college of your choice. But it may be true that you really are not familiar with all of your options when it comes to paying for college. Being eligible for scholarships or being entitled for one is a great way to cut college costs. If you decide to invest your time in a search for scholarships, it’s important to have an organized system to find, apply for, and win scholarship money.
Students and parents are often confused when in come to the details regarding scholarships - How to get a scholarship? Where to Apply? What is the Eligibility criterion or Which Colleges or Organizations offer what Types of Scholarship?
While we attempt to tackle all these questions one by one in subsequent posts, we will first try and get a clear picture to What exactly is a Scholarship -
What is a Scholarship?
According to Wikipedia, ‘A scholarship is an award of financial aid for a student to further education’. Additionally, Scholarships are awarded on various criteria usually reflecting the values and purposes of the donor or founder of the award.
College Scholarships originate from a variety of sources. But, the fact is, nearly all available financial aid comes from the Federal government or from Individual colleges (College-specific awards). There is other Private and Organization sponsored sponsorships also available. The Scholarship Is There, but You Have to Ask for It.
Note: Not all scholarships are loan free. Your award may probably consist of a combination of gift aid, loans or even a job. Each of these is very different from the others. Understanding the differences is important. However, scholarships — which don’t have to be paid back — get a huge amount of attention from students and their families. You won’t have to repay them (like loans) or work to maintain them (like work-study).
Read More on the Types of Scholarships available or you can qualify for at the time of choosing your college or admission.
More on Athletic Scholarships
Or Get Advice on how to Evaluate Which College is Best for you.
And Types of Colleges to Choose From in the US. Top 10 US College Rankings of 2010-11
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