Wednesday, September 15, 2010

The Bold Truth About Student Scholarships

By Jon Arnold

If you are currently in college or soon will be, the thought of getting some student scholarships has probably crossed your mind. If it has not, then you are either independently wealthy or have not taken a good long look at the sky rocketing cost of a good college education these days.

Students should spend as much time as possible looking for student scholarships because this is an excellent way to defray and sometimes even completely pay for the cost of a college education. Note the use of the plural form of scholarships. Yes, there is no reason to stop at one scholarship when you can get several of them, there is no law against that, either legally or morally.

Finding an acceptable student scholarship is not difficult but will involve some of your time in research and actually applying for the scholarships. But when you look at the amount of money that you could get, the cost of a postage stamp pales in comparison, and in many cases it isn't even that anymore since most places allow you to apply online.

Think you cannot get a student scholarship? Think again. It used to be that you had to be the local rocket scientist or academically brilliant to get a scholarship or grant, or had to be the sports king or queen, or had to come from some economically disadvantaged family or region of the country. That is no longer the case with most grants and scholarships. You may simply have to indicate that you are going to pursue a specific field of study, which still does not even necessarily lock you into maintaining that major.

The truth of the matter is that many college scholarships are available today for almost any academic record or background, as well as almost any financial background, from the filthy rich to the dirt poor. Consider for a moment the very real fact that in today's world, many scholarships go unawarded each year simply because nobody applied for them! In other words, there are businesses, organizations and companies that are more than happy to award a scholarship but they cannot award it if nobody applies for it!

One of the super great things about grants and scholarships is that the money you get from them is free. In other words, it is money that you do not need to pay back. Now contrast that with federal student loans, which almost anyone can get, but you need to pay back every penny of them, with interest, after you graduate. Given a choice between a student loan that you need to pay back versus a student scholarship that does not need to be paid back, which one would you rather opt for?

The more student scholarships you apply for, the better your chances that you will be awarded one or more of them. Maybe a particular scholarship is only worth $500. Does that mean it is not worth your effort to apply for it? Nothing could be further from the truth. If you got that one scholarship, put it in perspective, since that one scholarship could pay for the books for two of your classes, which is much better than reaching into your own pocket to pay for them. Or looking at it another way, what if you were awarded 10 or 20 of those $500 scholarships. Would that make a difference in figuring out how you are going to pay for your college education?

Take the time to apply for student scholarships. Keep yourself organized and keep track of which ones you have applied for so that you don't apply for the same one multiple times. And don't give it, keep those scholarship applications going!

For more insights and additional information about where you can find Student Scholarships as well as resources for finding tons of scholarships you can apply for, please visit our web site at http://www.finding-college-scholarships.com

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