Competing for Scholarships Post-Recession | 10.13.09

Posted in Financial Aid, Scholarships By Student Loan Network Staff

lacrosseThough the economy is slowly recovering, it may take years for scholarship foundations that have lost their benefactors to recover funds. Education has been hit hard over the last few years and as philanthropic donations have dwindled, demand for higher education tuition assistance has risen. Many groups that award scholarships are facing tough decisions like determining if they should give out a few big scholarships or a larger number of small scholarships.

Since more students are competing for fewer college scholarships, here are five tips for a successful post-recession scholarship search:

1: Put in at least one hour every week to scholarship searching. Being a college student is hectic, but everyone has one hour a week. Maybe you will need to wake up one hour earlier on Saturday morning or maybe you will need to give up one hour of TV, but it will be worth it!

2: Apply for anything and everything you might be eligible for.
You never know who the selection committee is looking for; it could be you! You can use to find scholarships that you qualify for. The more scholarships you apply for the better your chances of winning will be.

3: Take your time and give every application your all.
An application that was haphazardly filled out or an essay that was half-heartedly written will not even be considered. When you submit a scholarship application you should feel like it is your best work and that it represents your best qualities.

4: Sign-up for
This service lets you earn points towards monthly free scholarships worth up to $10,000. These are random scholarship drawings which means they are not based on need or merit so anyone can win!

5: Do not waste your time applying for a scholarship if you do not meet the eligibility qualifications.
For example, if there is a scholarship for a male lacrosse player and you are a female basketball player you will not win! Focus only on scholarships that match up with your interests, background and academic achievements.

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One Response to “Competing for Scholarships Post-Recession”

  1. David hogard says on October 22, 2009 at 7:23 am:

    scholarship foundations that have lost their benefactors to recover funds.I very much great full to you for such type of informative views

    Reply To This Comment

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