Let's Talk about Money

Psst… I’ve got a secret. College is expensive. Oh, you already knew that? Good! Now what are you going to do about it?

If there is one thing I’ve learned, despite the current economy, people are giving out money for education. Lots of it. To all different types of people. Make excuses, like your grades weren’t good enough in high school or your ACT score wasn’t that high. You could even pull the “my parent’s make too much” card. And while those are valid and will knock you out of the running for some grants and scholarships, it’s not the end of the world!

I’m writing this very bluntly because I want my readers to take it seriously. And I practice what I preach. I graduated high school with grades that wouldn’t exactly WOW you, finishing with a 2.7 if you round. My ACT score was decent, so that helped a bit. I was also really involved in high school. And you know what I applied for more scholarships than you can count on two hands. It paid off – big time. I didn’t have to pay a cent of my education this year. Through a variety of different sources, the government, private organizations, a few union scholarships, I got my entire tuition and board paid for!

Here’s how I did it:

First, make sure you fill out the Mizzou scholarship form and get it in by the priority deadline. That passed for this year, but you can fill it out every year – so if you missed this year, learn for next.

Next, get your FAFSA in. This is the government financial aid form, and you’ll need it if you apply for other scholarship more than likely. The priority deadline at Missouri is March 1st, so the sooner the better!

Once you’ve got those done start applying for private scholarships; apply for all the ones you even remotely qualify for. Sit down and make a list of attributes you have, associations your parents belong to, etc. If you have parents in a union definitely check into possible scholarships that way. Also with federal employee parents. Are you a minority, woman, tall, of Irish heritage? All of those things are possible scholarship leads. Don’t forget to see if your place of employment offers scholarships!

Then start looking. If your school is organized, check with your guidance counselor to see if they have a scholarship board or listings that are applicable in your area. Listen closely: the narrower the selection criteria the better chance you have at getting the scholarship. A good bet is your local community foundation.

DO NOT USE FASTWEB. That’s right, take it off your bookmarks page. I have not known a single person who has ever gotten a scholarship off that website. Because it’s national the organizations get hundreds of thousands of applicants. It’s hard to stand out from a crowd that big, and your efforts are better focused elsewhere.

Now lets talk about the application. PROOF READ. Nothing detracts more than glaring grammatical and spelling errors. Write from your heart, and while you may be corny, so long as it’s real the readers should be able to tell. Try to incorporate as much of your leadership experience as possible, and tell a story with it. This is your chance to shine, and you want to jump off the page. Be wary of recycling essays. After writing a few you’ll be able to piece together various parts of different ones, but make sure it remains fluid. (Once I copy-pasted and almost forgot to change the name of the organization I was sending it to. Luckily I caught it, but you can bet you’re out of the running if that happens.)

As for reference letters, give your person plenty of time. You don’t want it to be rushed. It also helps if you outline what topics need to be covered in the letter (leadership, involvement, etc.).

Ultimately, it’s a game of numbers. The more you apply the better your chances. APPLY, APPLY, APPLY! It can’t hurt. I’ve applied to scholarship where I’ve stretched the eligibility requirements pretty thin, but if they don’t have enough respondents they’ll consider you! Sometimes you’ll get an award just by default because no one else applied (that happened to me).
Good luck and don’t procrastinate! Student loans pile up and the last thing you want when you graduate is debt!