Blog

Common Scholarship Myths

Apr 1, 2008

by Scholarships.com Staff

Numerous students find themselves doubting whether applying for scholarships is really worth their time.  They assume that competition is tough and that most applicants have an exceptional academic record—not true. It’s in a student’s best interest to maximize his/her financial aid potential by giving scholarships a shot. Check out some common scholarship misconceptions below before passing up valuable options.   1. All scholarship contests are competitive—There is no denying that a few national scholarship competitions can be difficult to win. Certain corporations go out of their way to advertise their philanthropic actions, and they create very minimal eligibility criteria to encourage students to apply. However, millions of scholarships are available, and most are neither well-advertised nor open to every student.

Try searching for awards you are eligible to receive based on strict criteria. If you’re a Chicagoan and you find an award available only to high school seniors residing in Illinois, go for it. Remember, the competitors are just as intimidated by you as you are by them. Don’t give up before you start.   2. Applying for scholarships will reduce federal student aid eligibility— A number of students worry about federal aid reductions resulting from scholarship winnings. Let’s set the record straight. According to Federal Student Aid representatives, Pell Grant awards will not be reduced because of scholarships. It is, however, possible for schools to limit certain loan eligibility or to reduce school scholarship offers. But unless you’re expecting a full ride from Harvard, you have nothing to worry about. Even if you are, the effects will be minimal, if any.   3. It’s easier to work for the money—Yes, you are pretty much guaranteed a paycheck when you work, but working is not the easiest way to find money for college. Student jobs are a great source of supplementary income, but, realistically, a student paycheck is unlikely to cover tuition. Plus, scholarships and jobs are not mutually exclusive. If you have the chance to win $3,000 by spending three or four hours typing away, take advantage of it. You may have to work an entire summer for that money. Even if you don’t win, the few hours won’t destroy your social life.

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 
Comments (0)

Recent Posts

Tags

ACT (20)
Advanced Placement (24)
Alumni (17)
Applications (90)
Athletics (17)
Back To School (80)
Books (67)
Campus Life (471)
Career (115)
Choosing A College (65)
College (1023)
College Admissions (255)
College And Society (327)
College And The Economy (379)
College Applications (152)
College Benefits (291)
College Budgets (219)
College Classes (451)
College Costs (500)
College Culture (609)
College Goals (389)
College Grants (54)
College In Congress (90)
College Life (588)
College Majors (227)
College News (618)
College Prep (167)
College Savings Accounts (19)
College Scholarships (160)
College Search (122)
College Students (486)
College Tips (132)
Community College (59)
Community Service (40)
Community Service Scholarships (28)
Course Enrollment (19)
Economy (122)
Education (29)
Education Study (30)
Employment (42)
Essay Scholarship (39)
FAFSA (55)
Federal Aid (101)
Finances (70)
Financial Aid (418)
Financial Aid Information (60)
Financial Aid News (58)
Financial Tips (40)
Food (45)
Food/Cooking (28)
GPA (80)
Grades (91)
Graduate School (56)
Graduate Student Scholarships (21)
Graduate Students (65)
Graduation Rates (38)
Grants (62)
Health (38)
High School (134)
High School News (76)
High School Student Scholarships (185)
High School Students (320)
Higher Education (115)
Internships (526)
Job Search (179)
Just For Fun (122)
Loan Repayment (41)
Loans (50)
Military (16)
Money Management (134)
Online College (21)
Pell Grant (29)
President Obama (24)
Private Colleges (34)
Private Loans (20)
Roommates (100)
SAT (23)
Scholarship Applications (164)
Scholarship Information (179)
Scholarship Of The Week (271)
Scholarship Search (220)
Scholarship Tips (88)
Scholarships (405)
Sports (62)
Sports Scholarships (21)
Stafford Loans (24)
Standardized Testing (46)
State Colleges (43)
State News (36)
Student Debt (86)
Student Life (513)
Student Loans (142)
Study Abroad (68)
Study Skills (215)
Teachers (94)
Technology (111)
Tips (514)
Transfer Scholarship (17)
Tuition (93)
Undergraduate Scholarships (37)
Undergraduate Students (155)
Volunteer (45)
Work And College (83)
Work Study (20)
Writing Scholarship (19)

Categories

529 Plan (2)
Back To School (381)
College And The Economy (524)
College Applications (263)
College Budgets (352)
College Classes (582)
College Costs (773)
College Culture (951)
College Grants (134)
College In Congress (135)
College Life (1008)
College Majors (344)
College News (958)
College Savings Accounts (57)
College Search (403)
Coverdell (1)
FAFSA (117)
Federal Aid (136)
Fellowships (24)
Financial Aid (716)
Food/Cooking (79)
GPA (281)
Graduate School (109)
Grants (75)
High School (555)
High School News (263)
Housing (175)
Internships (580)
Just For Fun (239)
Press Releases (16)
Roommates (143)
Scholarship Applications (227)
Scholarship Of The Week (347)
Scholarships (609)
Sports (77)
Standardized Testing (61)
Student Loans (227)
Study Abroad (62)
Tips (863)
Uncategorized (8)
Virtual Intern (560)