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6 Myths About Scholarships Debunked

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6 myths about scholarships

6 Myths About Scholarships Debunked

There are some clear facts about scholarships, most notably that it is free money to help pay for college which is a good thing.
But on the other hand, there are really a lot of misunderstandings and falsehoods out there about how scholarships operate and how students might apply for them.
In this article, we will talk about six common myths about scholarships and find out how to make these fantastic resources help you pay for your college education.

6 Myths About Scholarships

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Here are 6 myths about scholarships that are totally not true.

You have to be a top student (or an athlete, creative virtuoso, etc.) to obtain scholarships

Let me be very honest with you: if you’re the school valedictorian, qualified for the Olympics, or have one or two medals to your name, it’s true you’ll have an easier time accessing college scholarships.
But you don’t really have to be any of those things to receive big sums of scholarship money.
All you have to be is resourceful.
Turns out, there are a lot of scholarships out there depending on all kinds of factors. While government- and school-issued scholarships normally include at least moderate academic qualifications for candidates, private scholarships may be based on any criterion the giver chooses.
There are scholarships based on demographics such as your gender, religion, or ethnicity, creative endeavors, hobbies, anticipated career path, and many more.
There are even scholarships out there for super-tall people or those with a specific unique surname.
If you look, chances are you’ll discover at least a handful that is a great match for you.
To make that process simpler, explore our scholarship database that enables you to search by numerous criteria so you can home in on the opportunities that are the greatest fit for you.

College scholarships are valid for everybody for all four years of school

Some scholarships are offered as four-year rewards, while many are not.
When you apply for a scholarship — and particularly if you get it — be sure you understand whether you’ll need to reapply every year to continue to receive the award.
You should also check to see what requirements you need to satisfy each year to be eligible for the scholarship. It won’t necessarily stay the same.
Common ways you may become ineligible for a scholarship you’ve previously received include if your grades slip, you relocate, or you change majors.

You have to apply in high school (secondary school)

Though you absolutely should start searching for college scholarships while you’re still in high school, you can continue to apply for scholarships for as long as you’re in school.
Some scholarships are primarily directed at students who are currently enrolled in college or seeking graduate school.
And remember: Just because you didn’t qualify for a certain scholarship in high school doesn’t always mean you don’t have a chance to earn it later once you’ve demonstrated your worth in college.
If you find a scholarship that you still believe is a good match for you, don’t hesitate to go for it.

It takes a lot of work to obtain a scholarship

It’s true, some scholarships do require a good amount of work to acquire, including writing an essay and compiling reference letters and other documents.
But that’s not the case for all scholarships. Several scholarships don’t need an essay; others take nothing more than filling out a simple form.
Where you do want to invest some time is making sure you’ve satisfied all the criteria for a certain scholarship.
The last thing you want is to lose out on free money because you mailed in a form a day late or forgot to include a copy of your academic transcript.

Only big-name scholarships are worth applying for

Winning a big-name and/or big-dollar scholarship is definitely a way to open bigger doors as well as a means to bring down your overall education fees.
But here’s the downside: Any student with half a hope of earning them is applying for them, so you face tough competition.
Smaller scholarships and those from lesser-known universities don’t receive as much attention, but they also tend to attract considerably fewer applications, so the odds of you being the selected recipient are much greater.

Think about it: Let’s assume a rural county’s chamber of commerce gives three $5000 scholarships to local graduates.
And just a few thousand youngsters each year graduate from high school in that county – many of whom won’t bother to apply.
You may have a better than 1-in-1000 chance of bagging one of those awards, compared to certain big-name scholarships where you’d be fighting against tens of thousands of other students.
Now, $5000 isn’t going to mean you complete college debt-free.
But if you can win five, 10, or 20 of those lesser scholarships over the course of your college career.
It may add up to thousands of dollars of free money — and a significantly lighter student debt load after you graduate.
It’s worth spending some time searching for all the small, under-the-radar scholarships that could fit you.
It doesn’t have to be full-time work – an hour or two a week to study and fill out applications might be enough to gain you a large amount of free money.

Scholarships are primarily beneficial for tuition only

A surprising percentage of individuals assume scholarships only may be utilized for tuition or direct school expenditures but that’s not always the case.
Each scholarship has its own regulations for how you might utilize scholarship funds. Others are solely for tuition; some may be used extensively for living costs and more.
Some are even earmarked for certain kinds of expenses, such as a stipend to buy the technology needed to pursue your education.
If and when you obtain a scholarship, make sure you double-check its restrictions to verify you’re staying within the specified limits of the scholarship terms.

Conclusion

You’re juggling a lot trying to close up high school and get ready for college. Looking for scholarships might seem like one more duty on an already-overfilled plate.
But if you can manage to fit in a little time to seek and apply for some scholarships that fit their criteria, you may be amazed at how beneficial that effort is.

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