Scholarships are a great way for college students and their families to help with the increasing cost of tuition. However, it is important to be aware of scholarship scams that may ask for payment or personal information. Legitimate scholarships do not require any fees or payment, and there are a number of ways to find them. Andrew Elwell, of the College Board, recommends websites such as The College Board and its sister site Big Future, or Fastweb, which offer free searches on a wide range of scholarships based on your interests and experience.
When searching for scholarships, it is important to pay attention to the criteria of the scholarship essay, such as the word count and deadline. A recent survey of 1000 university students by Student Loan Report revealed that 41% of them were asked to pay a fee when applying for a scholarship, and 73% of those who were asked to pay gave up their money. It is important to research the institution's mission and vision to learn what they might be looking for in a scholarship applicant. This will help you stand out from other applicants and increase your chances of receiving the scholarship.
Organizations like Scholarship Junkies are also available to help you achieve your goals. Be wary of any scholarships that ask for your credit card number or social security number. You should never have to pay money in advance or give out your credit card or bank information when applying for a scholarship. Most scholarship scams charge some type of fee, so it is important to be aware of any fees associated with the application process.
Scholarships are an excellent way to reduce the costs of earning a college degree, but it is important to be aware of any fees associated with the application process. Be sure to research the institution's mission and vision before applying, and take advantage of organizations like Scholarship Junkies that can help you achieve your goals.