Applying for scholarships can be a daunting task, however it could have long lasting rewards. According to debt.org there is $3.3 billion in gift aid from private sources. Scholarships are free money that you don't have to pay back. We recommend that you spend time weekly applying for scholarships. Check out what other points of advice we recommend to help you apply for outside scholarships.
Related Post: The Best Guide To: Finding Scholarships
What if you were to treat applying for scholarships like a job? So say you work 10 hours a week at $10 per hour. That adds up to $100 a week which is $400 a month. Don't forget taxes which will bring your monthly income to $369. Now let's say you work during the summer only, which amounts to $1,476 for the months of May, June, July and August.
If you took 30 minutes to apply to one scholarship, the payout could be anywhere from $500 to $10,000. Don't get us wrong, part-time jobs are good. You can learn a lot by working at a part-time job. We just want you to realize the potential outcome and importance of applying for scholarships.
We spend a lot of time finding scholarships for each one of our clients. We use reliable search engines to find businesses and foundations that offer scholarships. However there is not a 100% guarantee that there won't be a few bad apples who just want your email to send spam. Here are some tips we recommend when applying for scholarships.
1. Create a Separate Email Account
It doesn't matter if the scholarship is offered by a fortune 500 company, you are going to get spam. If you don’t want to create a separate email maybe look into setting up filters and having a separate folder other than your inbox to manage these emails.
2. Be Careful How you Use Social Media
A lot of scholarship applications are using social media. A requirement could be to like the company's Facebook page or post something to their Facebook page. Make sure you check your privacy settings and set it to how much you feel comfortable sharing with the public.
3. Protect Your Identity
This goes hand in hand with social media and privacy. There are several scholarships that are need based. In order to determine if you qualify, companies or foundations will ask to access your financial information. Before giving out any confidential information please make sure who you are sending information to is a legitimate source.
4. Proofread, Proofread, Proofread
Scholarships are highly competitive. Scholarship committees will automatically disqualify your application if there are grammar or spelling errors. Always type your essays in a word processor and use spell check. Then copy and paste your essay to the application form.
5. Read the Fine Print
Most organizations providing the scholarships will indicate in the fine print how you will be notified if you are the lucky recipient. Pay close attention to this because each organization is different. Some will notify you by mail, email, phone, or Facebook. If you don’t respond within a certain amount of time, the organization will move on to the next deserving person.
We hope you find these 5 points helpful when applying for outside scholarships. Remember have your student dedicate time out of their busy schedule to apply for scholarships. You student will need to apply to several and I mean several scholarships in order to possibly receive one. The pay off could be great!
Are there any other tips that you think would be helpful when applying for scholarships? Feel free to make a comment in the comment section below.