Finding scholarships can seem like a daunting task, but there are plenty of opportunities available to you. In fact, a 2015 study conducted by NerdWallet found that over $2.9 billion in scholarships and aid went unclaimed during the 2013-2014 school year. The money is out there, you just need to know where to look.
Your first step is submitting the Free Application for Federal Student Aid (FAFSA), which tells you how much in federal aid you qualify for based on income, among other factors. For the 2017-2018 school year, the FAFSA opens on October 1st with the priority deadline being December 1st. These dates are earlier than previous years, as the FAFSA is undergoing several changes to make it easier for students to receive aid.
Next, check out scholarship matching websites. Sites such as Fastweb.com or Scholarships.com ask you to fill out personal information and then find you scholarships that fit your needs and qualifications. These sites often provide a direct link to the scholarship website or application. Also when you’re searching, try to think of what makes you unique. There are scholarships based on gender, cultural background, religion, even height!
While you can qualify for some scholarships based solely on an application, many scholarships require a little work on your part. You may need to provide examples of experience, write a short essay or take part in an event. Take note of all application deadlines and read scholarship rules carefully to make sure you are meeting all the requirements before you submit the application.
Lastly, don’t be afraid to apply for scholarships or grants because you think you won’t qualify. Additionally, don’t discount local scholarships just because they aren’t as lucrative as the $10,000 sweeps contests. You have a much better chance when there is a smaller pool of applicants, and every dollar counts when it comes to finding money for your education.
Most of the $2.9 billion in unclaimed aid went unclaimed simply because students didn’t apply. Take advantage of every opportunity that is out there.
Looking for more help funding your education? Check out our Paying for College course to learn more!