Venturing into the world of college scholarships, I quickly became astounded at the intricacies of the process. I was also amazed to find that there is much more money out there than I ever imagined. There are so many options, in fact, that the chore can become overwhelming.
However, I have estimated that my time and effort in obtaining college scholarships for two of my daughters has resulted in obtaining scholarship money in the equivalent of $600 per hour. Nothing else I do earns me that kind of money, so I regularly work my "second job" as a scholarship hound.
Here are some tips I have gathered along the way:
FAFSA
The first stop on anyone's scholarship search should be the Federal student aid website (FAFSA.gov). While Pell Grants are based on financial need, fill out the forms even if you don't think you will qualify. I filled out the FAFSA my older daughter's freshman year and did not qualify for a Pell Grant. The following year, based on the previous year's rejection, I did not even bother. Bad decision.
With newspapers tightening the reins on their freelance budgets, my income had diminished. With my reduced income, my daughter qualified for the Pell Grant. Luckily, we had not missed the deadline for filing for the previous year, and she was able to obtain the grant and still have it applied to her account.
Specific Scholarships
Check with the school your child plans to attend. Many schools have internal scholarship money available. While most people only think of athletic scholarships, many schools have additional monies available. Some are tied to academic achievement or SAT scores; others may be available based on need. My daughter obtained an Opportunity Scholarship at Middle Georgia College to help defray her costs.
Next, look at your children's clubs and activities. Many organizations have exclusive scholarship money available. Two of my children are involved with the Civil Air Patrol, the Air Force Auxiliary. CAP offers annual scholarships for members.
For a time, my son was involved with a First Lego League robotics class. Competitive teams are formed all across the country, and the organization links members to scholarship opportunities. While some are school specific, for 2011 there is a total of $14.8 million available through 932 different scholarships for team members.
Search Locally, then Globally
Check local businesses and utilities. My electric coop offers several different scholarships. High school counselors should have information on local scholarships. This information should also be made available to parents who, like me, homeschool their children by simply contacting the appropriate school for your district.
Lastly, do an internet search. There are several scholarship search engines, including Fastweb and Scholarships.com, which allow you to input specific information and retrieve scholarship opportunities based on your qualifications. These sites also provide information on contests.
Don't rely solely on the search engines, however. Do a degree-specific search on your own. I found significant information at AvScholars.com., a website I discovered by searching specifically for "aviation scholarships," as I have a daughter studying in this field.
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However, I have estimated that my time and effort in obtaining college scholarships for two of my daughters has resulted in obtaining scholarship money in the equivalent of $600 per hour. Nothing else I do earns me that kind of money, so I regularly work my "second job" as a scholarship hound.
Here are some tips I have gathered along the way:
FAFSA
The first stop on anyone's scholarship search should be the Federal student aid website (FAFSA.gov). While Pell Grants are based on financial need, fill out the forms even if you don't think you will qualify. I filled out the FAFSA my older daughter's freshman year and did not qualify for a Pell Grant. The following year, based on the previous year's rejection, I did not even bother. Bad decision.
With newspapers tightening the reins on their freelance budgets, my income had diminished. With my reduced income, my daughter qualified for the Pell Grant. Luckily, we had not missed the deadline for filing for the previous year, and she was able to obtain the grant and still have it applied to her account.
Specific Scholarships
Check with the school your child plans to attend. Many schools have internal scholarship money available. While most people only think of athletic scholarships, many schools have additional monies available. Some are tied to academic achievement or SAT scores; others may be available based on need. My daughter obtained an Opportunity Scholarship at Middle Georgia College to help defray her costs.
Next, look at your children's clubs and activities. Many organizations have exclusive scholarship money available. Two of my children are involved with the Civil Air Patrol, the Air Force Auxiliary. CAP offers annual scholarships for members.
For a time, my son was involved with a First Lego League robotics class. Competitive teams are formed all across the country, and the organization links members to scholarship opportunities. While some are school specific, for 2011 there is a total of $14.8 million available through 932 different scholarships for team members.
Search Locally, then Globally
Check local businesses and utilities. My electric coop offers several different scholarships. High school counselors should have information on local scholarships. This information should also be made available to parents who, like me, homeschool their children by simply contacting the appropriate school for your district.
Lastly, do an internet search. There are several scholarship search engines, including Fastweb and Scholarships.com, which allow you to input specific information and retrieve scholarship opportunities based on your qualifications. These sites also provide information on contests.
Don't rely solely on the search engines, however. Do a degree-specific search on your own. I found significant information at AvScholars.com., a website I discovered by searching specifically for "aviation scholarships," as I have a daughter studying in this field.
More from this Contributor:
Saving Money on Your Cell Phone Bill
Saving Money on Wedding Decorations
Save Money With a Few Lifestyle Changes
Published by Martha Fry - Featured Contributor in Business & Finance
Martha Fry works as a freelance writer and editor. An accountant who worked at Peat, Marwick & Mitchell and Price Waterhouse, she also does financial consulting and often writes on business and personal fina... View profile
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10 Comments
Post a CommentFastweb and Scholarships.com = Not worth the time. Maybe ten years ago they were..
Thumbs up...
great info, Martha, thanks!
PS, I checked FAFSA & FASTWEB too and didn't qualify. Will check out the others.
Martha, this is fantastic. I am having to drop out of seminary for my masters and did not qualify for FALSA since my wife is a teacher & our combined income is too much, even thou I don't get paid as a pastor (poor & small church) and work only part time. Thank you. Bookmarking this one friend. You are a God send.
Our Rotary Club also offers scholarships :) cheers
Boy do I remember helping many a student with finding scholarship money. Great resource.
Great thanks!
good important info
Great article - pray for a pell grant :)