Still there is one final thing many parents just do not do, and that is apply for scholarships. You are thinking that your child just doesn't have the grades to receive a scholarship but you may be suprised to know there are other qualifications a student posesses that will get them a scholarship.
There is a lot of bad information out there that says that scholarships are just to hard to get. Some students lose out on thousands of dollars just because of bad information. Let's break down some common scholarship myths and get more young people the money they need.
Scholarship Myths
Myth 1. Millions of Dollars of Scholarship Money Goes Unclaimed
Employer paid education benefits are included in the millions of unclaimed scholarship money and account for 85% of it. So in reality the number of unclaimed dollars is much less.
Myth 2. Competition for Scholarships is too Stiff
If you look hard enough you can find a scholarship requiring your specific talents or ideas. Not all are aimed at the student with the highest GPA or the the most community service hours.
Myth 3. Only the Best Students Receive Undergraduate Scholarships
Scholarships tend to honor those of specific majors and interests, as many universities offer full rides to students who have performed well in high school.
Myth 4. Scholarship Offers will Come to Me
This one is simple. If you do not put forth the effort, you won't reap the benefits. Scholarship agencies do not search for students. They only look at applicants.
Myth 5. Applying for a loan will Hurt My Chances for Getting a Scholarship
Every school is different, but most offer scholarships before loans can be taken out. And even if they do not necessary loans should not effect scholarship amounts.
Myth 6. Scholarships Require Exceptional Talent
This just isn't true. Many scholarships are random and based on luck, while others require simple essays about why you deserve the money.
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