The best money is free money$$$
A well-prepared high school student knows that the college search is not an easy one. There are many sources for finding money for college; scholarships, grants, tax credits, and student loans. Rule #1: Apply early. The best and most generous financial aid awards from the college of your choice come to the students who apply first. Rule #2: Apply often. The more scholarships you apply to, the more opportunities you will have to receive one. Rule #3: Always choose loans as a last resort! The best money is free money.
Tips on Applying for Scholarships & Grants
- Apply early and to as many as you can.
- Have someone with strong writing and editing skills proofread your essay(s).
- Ask the people who know you best to write your letters of recommendation.
- Take admissions tests seriously.
- Highlight ways that make you stand out from others.
- Check your application over carefully.
- Ultimate success is your goal.
Grants versus Loans
Grants are money you don’t have to repay and are usually based on financial need. Loans are money you borrow that you must pay back, usually with interest. Once you have applied for federal student aid using the Free Application for Federal Student Aid (FAFSA), your college financial aid administrator will determine if you qualify for federal grants, loans, or work study programs. Always choose loans as a last resort! College scholarships and grants are readily available to students who are willing to put in the hard work. Cost: $40 (includes shipping, handling, and tax)