Most Popular Student Loan Sites
Student Loan Consolidation Sites

Home - Student Loans        College by State     |     Alphabetical Listing of Colleges

What are my odds of getting a student scholarship?

FREE INFORMATION ON STUDENT LOANS: Student Loans Tips

Student Loan Companies
Student-Loans.com

 
There is no dearth of scholarships

Educational costs being what they are today, there are very few students who are able to meet these expenses on their own. Scholarships have been created to help deserving students achieve their educational aspirations and to ensure that no meritorious student is denied the right to get education merely because of the lack of finance. Most students, therefore, seek proper scholarships for completing their educational goals and many of them have a misplaced intuition that they will not qualify for the same. This is borne out by the fact that innumerable scholarship amounts are not claimed every year whereas one would have expected that there wouldn't be sufficient scholarships to cater to the requirements of the vast multitude of students.

Reasons why students are not aware of various scholarships

The main reason for this paradoxical phenomenon is that students are woefully oblivious of the various scholarships that are available. They lack sufficient knowledge about the mode of applying for the scholarships and they have several wrong ideas about the eligibility or otherwise for the same. Given below are some important facts which can be very useful.

  1. Factors on which scholarships depend: It is not necessary that you should have a 4.00 GPA to apply for a scholarship. There are many types of scholarships for which you do not need the above GPA or that you need to be adept in extra-curricular activities. On the other hand, there are many other factors such as ancestry, ethnicity, lack of finance, being a member of a club, excellence in academics, certain majors that you might have taken and other special interests which might make you eligible for one of the many scholarships that are available.
     
  2. The odds: The 1999-2000 National Postsecondary Student Aid Study has revealed that private sector scholarships are given to 6.9% of undergraduate students with the average amount being $2,051. This indicates that the odds of getting a scholarship are 1 in 14.5.
     
  3. Sources of information: There are various sources from which you can learn about the scholarship announcements such as the Internet and the phone book that can let you know about the organizations, companies and clubs that provide scholarships. A simple telephone call will give you all the information about the amount of the scholarship and the way to apply.
     
  4. Timing: The timing of the application is very important. Scholarships are planned in advance and there are deadlines that have to be adhered to. Most applications are made available at the start of the year and have a deadline till the spring. In late spring or early summer, the applications are reviewed by the committee and scholarships are awarded in the fall. You must take care of the deadlines so that you do not miss the opportunities and waste a year.
     
  5. The steps to get the scholarship: You must look out for suitable opportunities by following these steps: Find the scholarships and fill up the application and essay. Gather the necessary documents and prepare for the interviews. It is very important to express your gratitude after each interview and award letter.
     
  6. Gather all documents: Try to collect all necessary documents such as references, essays, letters of recommendation and transcripts without any delay so that you are ready with them as and when necessary.
     
  7. Preserve all documents in a file: Try to keep your documents which exhibit your skills and talents such as certificates of recognition safely in a proper file. This will be very helpful to you during the time of a scholarship interview and it will definitely be appreciated.
     

More Student Loan, Scholarship, College Grants & Student Loan Consolidation Links.

Bad credit student loan
Bankruptcy student loan

 
Federal PLUS Loan
Federal Stafford Loan

 
Pell grant
Perkins loan
Private student loan
 

Contact Us    About Student Loans    Helpful Information on Student Loans

Student Loans Web Site
Find Student Loan and College Information for every state.
© Copyright 2001-,  All Rights Reserved