When it comes to scholarships, there is no limit to the amount of money you can receive. However, once you reach a certain point, the amount of financial aid you receive from your school may be reduced. This is because the school has the right to replace any financial aid with a scholarship. It is important to note that there is no limit to the number of scholarships a student can apply for or receive.
The College Board offers a web-based application service that is used by some colleges, universities, and private scholarship programs to award their private financial aid funds. A common misconception is that if a student obtains an external scholarship, it will reduce the amount of aid they can receive from the university and from federal and state sources. However, this is not always the case. Applying for local awards, regardless of size, is also a great way to practice for applying for larger scholarships with more applicants.
One of the best ways to find scholarships that are suited to you and have a good chance of winning is to use scholarship search tools and databases. Ask your child's high school college counselor for more information about local scholarships and reliable scholarship directories. Additionally, there are many scholarships available for people with particular abilities or specific ethnicities, as well as hundreds of other scholarships.