March 19, 2012

Scholarship Search Advice

Posted in Grants, Saving for College, Scholarships, The Financial Aid Process tagged , , , , at 9:49 AM by plusloans

What are the best resources for students and parents when searching for scholarships?  To start, you need a plan.  Think about how much time you can spend on the process, how early you can start, who can help, etc.  Some advice – you can never start too early or get enough help.

I can provide a few links to resources but would love to get your thoughts and suggestions.

For searching, try the Student Scholarship Search website which offers a free open directory of thousands of awards, grants and scholarships.  Their new design offers tools for saving scholarships that are relevant and tips for improving your chances of qualifying.  They recently published Scholarship Search Mistakes which  lists the top 5 mistakes students make when searching for scholarships.

Another great site is which gives out scholarships every month with a chance to win $10,000 every 3 months!

What are you favorite resources?  Do you have any advice for the rest of us??

September 17, 2007

Scholarship Soap Box – Part 1

Posted in Grants, Scholarships, The Financial Aid Process tagged , , , , at 1:31 PM by Joe From Boston

Scholarships are all in the mind.

No, really, it’s true.

I hear from people alot that scholarships are hard to find and for such small denominations that they’re not worth it. My immediate response is “ARE YOU OUT OF YOUR MIND?”

People, lets look at this logically:

  • Scholarships
  • Student Loans
    • You MUST pay them back, plus interest
    • You often pay more than double the original loan amount.
    • Federal loans often don’t cover all your costs, forcing you to look at private lenders which have even higher interest rates

So you have to fill out an application and maybe write an essay. So what?

You spend 20 minutes writing an essay and another 10 minutes filling out the application, for a scholarship worth $500. If you win that scholarship, you’ve essentially been “working” for a “salary” of $1000 per hour. Man, I wish I could make that.

Yeah, $500 doesn’t sound like months when you’re chipping away at $30,000, but if you win 6 $500 scholarships you’ve just covered 10% of your college costs. That is definitely worth it.

If you’re avoiding scholarships, you’re just plain lazy and I would even say you don’t deserve the money.

Come back tomorrow for Part 2 of this rant.