Home > Financial Aid > Financial Aid Tips

Financial Aid Tips

Besides doing your research and filling out a scholarship search profile on Scholarships.com, there are a number of things you can do make your financial aid application stand out. We have organized useful financial aid tips to help navigate the world of federal aid and scholarship applications so you can maximize your financial aid package. Outside of our financial aid tips, we have information on every step of the financial aid process, including scholarships, grants and student loans, so browse through the site to get your financial aid questions answered.

Prepare for the Best

There are millions of dollars in scholarships being awarded annually, despite economic crises. If you spend as much time seeking financial aid as applying to colleges you will have a good chance at lowering student loan debt. Remember to think local. Local scholarships are often less competitive and look at criteria beyond standardized test scores and GPAs. Make yourself a desirable candidate for scholarships by submitting professional applications that will impress judges. The more effort you put into the process, the greater the rewards you will receive.

Easy Ways to improve your Chances

Mistakes on your scholarship or financial aid application could hurt your chances winning. Even worse, you could disqualify entirely from an awards contest. Scholarships and grants are very competitive, so make a list for yourself and check it twice before submitting your application. Have someone else edit your essays, as spelling and grammar errors can be hard to miss. Keep a file for your applications so you don’t misplace any of the required paperwork. Make sure you’re using a reputable site such as Scholarships.com to conduct your free scholarship searches. If you have to pay for an application, or to search for scholarships, it is a scam. The best financial aid tips are the simple ones: follow directions and meet your deadlines.

Fill out your FAFSA carefully. An error on your FAFSA could delay the application process several weeks. If you have any questions, contact the Federal Student Aid Information center through the FAFSA website. Your intended college’s financial aid office will also be glad to help you. Most importantly, do not miss any deadlines. Apply as early as possible to have an idea of the funding you will receive, that way you have time to apply for additional funding. The FAFSA is available each year starting Jan. 1.

Latest College & Financial Aid News

"U of Farmington" Fraudsters Prosecuted, Deported

December 10, 2019

by Susan Dutca-Lovell

The U.S. government set up a fake Michigan university as part of a sting operation to catch visa fraudsters. Agents of Immigration and Customs Enforcement (ICE) secretly established the University of Farmington, enrolling more than 600 students studying science and technology in a "pay to stay” scheme. As a result, roughly 250 students have been arrested on immigration violations. [...]

Amazon Offers $40K Future Engineer Scholarships

November 6, 2019

by Susan Dutca-Lovell

E-tail giant Amazon is now accepting applications to its Amazon Future Engineer Scholarship Program for students entering college in the fall of 2020. The scholarship program offers 100 current high school seniors from underserved and underrepresented communities across the country the opportunity to receive $40,000 scholarships to study computer science at a four-year college or university and a guaranteed paid internship offer at Amazon after the completion of their first year. [...]

NC Senator Proposes Taxing of Athletic Scholarships

October 31, 2019

by Susan Dutca-Lovell

In response to the NCAA's vote to allow athletes to profit from their names, images and likeness, Senator Richard Burr of North Carolina has proposed taxing those scholarships. Senator Burr tweeted: "If college athletes are going to make money off their likenesses while in school, their scholarships should be treated like income. I'll be introducing legislation that subjects scholarships given to athletes who choose to 'cash in' to income taxes." [...]

Last Reviewed: December 2019