Scholarships can help pay for graduate study
A common misconception about scholarships is that they are meant only for class valedictorians or star athletes.
While paying for college or a graduate degree can be a challenge, for many students, thousands of dollars in scholarships are available each year. In fact, according to a national study by Ipsos, more families use grants and scholarships to fund higher education than any other source of funding.
After all, scholarships are "free money" that doesn't need to be repaid, which means fewer out-of-pocket costs and the potential to graduate with less student debt.
A common misconception about scholarships is that they are meant only for class valedictorians or star athletes. In reality, there are thousands of different scholarships available for students with all types of skills, hobbies and backgrounds. Organizations that offer scholarships can include:
• High schools and colleges
• Religious groups
• Professional associations
• Foundations and nonprofit organizations.
You can research scholarships online and through your particular school.
Another resource is the free scholarship search tool at www.SallieMae.com/ScholarshipSearch. That database represents more than 3 million scholarships totaling $16 billion.
There are two main options at that website page, one for undergraduate and another for graduate student loans.
Scholarships can be awarded for athletic and academic achievements, financial need, community affiliations and more.
Research scholarships and educate yourself on the requirements in advance. You will be most successful searching for scholarships if you start early, stay focused and do your research.
Also, it's important to remember to apply for a scholarship for every year you plan to attend college.
back to top