Scholarship Guide

How Does Scholarships Really Work?

How do Scholarship Works?

A lot of people wonders how scholarship really works, to some you hear things like “gosh getting a scholarship is just too stressful” while to some is just a thing to try, and to some applying for scholarship makes them feel overwhelmed.

And so there are some misconception regarding how scholarship really works.

Sometimes the idea for applying for scholarships can be overwhelming for both parents and students but it doesn’t have to be.

Many people, including parents often think that their children has to be a genius or athlete or be super involved in the community or extracurricular activities but that is simply not the case.

Although those things can help with certain scholarships, there are so many out there that there is enough of them for everyone.

How Do Scholarships Work?

Although there are many misconception about the process and procedures of scholarship, below are few things you need or your child needs to know regarding how it really works when applying for a scholarship.

1. Scholarships Does Require Work

Yes it does requires work 🙂

We all know the saying “If it was easy then everyone would do it.” Well, to be honest the work that comes with scholarship process isn’t always easy. In fact, it takes hard work and dedication. But remember hard work eventually pays off and the fact that it actually will work in you or your child’s favor, should be your main focus.

By being willing to put in the time and effort, you are then functionally in the minority, which makes you different.

Now because many college students don’t try for many scholarships because of the work required, so they are facing less competition. And less competition means better odds of winning!

If you take the time to look for lesser known scholarships, you may find yourself with even more notable ways of winning that’s if you are able to grab those opportunities.

Although the work can be strenuous but there’s always a way to make it easier, keep reading to Know how to reduce the work!

2. You Can Apply for Scholarships Up to Senior Year (In College)

Does it sound surprising to you? Well this was surprising to me but you can keep applying for scholarships long after high school.

Another common confusion is based on the idea that scholarships are for incoming students or beginners. And, while it is true that there are many opportunities for those looking to start their college adventure, it is also true that you can apply for more than one scholarship up to their senior year IN COLLEGE (and beyond if they continue.)

Each scholarship is in control of the qualifications that determine a student’s eligibility, and many are available to undergraduates during any year of their education.

So, even if you don’t get selected for a scholarship as an incoming fresher, you can certainly get another shot to apply during their sophomore, junior, and senior years.

In fact, the amazing thing again is that some are even available to graduate students, so they may be able to go on to that Masters or doctoral degree without having to pay the full cost out there pocket.

So, don’t stop looking just because the first round of deadlines passed, and don’t give up if you don’t win the first time.

The best thing to do is for you to save those websites and schedule a calendar reminder to check back when it reopens next year. Then you  won’t miss out on the opportunity to get more scholarship money the next time around.

3. Winning Scholarships Gets more Easier Once You know What to Do

When you start something new, everything will be so unfamiliar and a bit frustrating but Like they say, “practice makes perfect.” It’s definitely true when it comes to college scholarship applications as well.

In the beginning, the scholarship process is unfamiliar, and even a bit scary. However, as more applications are completed, the easier it is to give the next one a try. And repeating the process this year also provides experience to build in next year, and the one after that, and so on.

So,  I will say, don’t be afraid that the first ones aren’t perfect. It does get easier as you moves forward.

4. Some Scholarships Funds are Sent Directly to You

Another misconception here is that most students and parents assume that  scholarship awards are sent directly to the college or university that will be attended.

While some scholarships do work that way (especially institutional scholarships), a significant portion actually sends the money directly to the student who won.

But, you might think, why would a scholarship choose to send the money to the student in the first place? Because it provides the winner some flexibility. And that flexibility applies directly to our next point.

5. Scholarships Can Be Used for More than just Paying Tuition fees

Yes you heard that right,

While most people associate scholarships with paying tuition, that isn’t necessarily the only thing for which the funds can be used. Sure, some scholarships are restricted to tuition only, but many can be used for other school-related expenses.

One of the most common secondary uses is other mandatory costs. For example textbooks and required software can be incredibly expensive, but they are necessary to get through the classes.

Scholarships that allow some spending flexibility are designed to make these costs more manageable as well. And, if you ends up with enough in scholarship awards, they might be able to eliminate these costs entirely.

But quess what, that isn’t where it ends either! Expenses associated with room and board can be covered with certain scholarship monies. That means no out of pocket expenses for a dorm room, meal plan, or both.

This means students can have their classes covered, books and software needs met, a roof over their head, and food on the table, all without spending a dime of your money.

That has to be the end, right? Actually, no, it doesn’t. Some scholarship money is paid directly to the student so they can use it in any way that supports their education.

Some times you might need a bus pass to get around? Use scholarship money. Need to replace a subpar laptop? Use scholarship money. How about a haircut before they start their internship? Yep, scholarship money to the rescue.

And it’s this potential for flexibility that makes getting as much as they can in scholarship awards really worth the effort. So, what do you think? Still not worth the time and effort? Something tells me it does ,and I bet you too know  it does!

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