Jan 072012
 

college scholarships, scholarship, scholarships for college,grants,grants and scholarships,student scholarshipsMany finance experts think that the next great finance bubble is within the secondary education segment. Fees to attend college, both at public and private schools, are increasing at a rate well above inflation. With this bubble exhibiting no indications of popping, parents should be expecting the cost of their children’s education to continue to go up for the foreseeable future. Therefore, to be able to obtain scholarships has never been more significant. Finding scholarships is often important to a student’s future financial stability for the reason that scholarships not only economize now, they also lessen the amount of money obtained by conventional student loans which saddle students with debt well into their adult lives.

Some parents and students may not think that scholarships are too difficult to obtain or they have achieved enough to earn a scholarship. The fact is that, oftentimes this probably is not the case. Here are five ways to obtain scholarships that you just may not be mindful of: Continue reading » (256)

Jul 292011
 

Scholarships grants loans - scholarships- Private and Corporate
Most prospective students are aware of the scholarships made available by the federal government and the institution of higher learning they hope to attend and spend much time filling out various required forms in applying for aid. But fewer are immediately aware of the large numbers of scholarships that are available both from companies and from private individuals or organizations. Here is a brief overview of both:

Corporate Scholarships

Lots of big corporations give back to the community through providing scholarships for undergraduate students. The bigger the company, the larger the possibility of scholarship offers. Coca-Cola, Wal-Mart, Best Buy, Toyota, take your pick, they all give scholarships. The main benefit of corporate and business scholarships is that qualification criteria tend to be unrestrictive. Businesses want to reach the greatest number of people as they can, and so their scholarships usually are open to numerous students. This obviously increases applicant competition, an unfavorable complication corporations attempt to offset by offering either lucrative awards or even a high number awards. Doubts about competition are justified, but if you’re looking for clear-cut conditions, commercial scholarships are a good bet.

Exclusive Scholarships

Many individuals and small institutions also offer scholarships to assist students pay for an education. It’s not unheard of for non-public scholarship providers to require precise eligibility requirements to their scholarships, but, contrary to popular perception, they don’t always focus on Grade point average. Actually, private scholarships are often made available to students majoring in a distinct subject or those who encountered certain difficulties. For example, a pilot can start an annual  fund to assist aviation students in beating the monetary road blocks he or she encountered as a undergraduate. It will always be smart to benefit from scholarships with precise eligibility standards if you’re among those qualified.

Scholarships, Grants, and Loans

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Jul 262011
 

The word “scholarship” seems to mean many things to many people. Here, though, we are going to content ourselves with the basic definition and just what that means.

Let’s begin with the dictionary definition. A scholarship is “a sum of money or other aid granted to a student, because of merit, need, etc., to pursue his or her studies.” While that is an accurate and complete explanation there are many different types of scholarships available. These are:

 

Merit Based

Generally speaking, these awards are determined by the student’s individual academic, athletic, artistic, or other demonstrated capabilities. Most frequently, these merit based scholarships are bestowed by either a private organization or by the college a student attends to recognize prior academic excellence or achieving specific scores on a standardized test.

 

Need Based

Scholarships determined by financial hardship and need very often require the student to apply by first completing the Free Application for Federal Student Aid (FAFSA) form. This comprehensive from seeks to determine a student’s financial requirements by applying a mathematical formula that includes the family’s expected contribution based on income as well as the cost of attendance to the specific college.

Many private organizations that award need based scholarships will use the FAFSA form to help determine the amount of their scholarship awards.

 

Student Specific

These are most often based on minority status of the student but other initial qualifications can be based on gender, medical history, race, or religion. Such scholarships need not be based in the United States. There are a number of foreign scholarships available to a variety of specific persons.

 

Career Specific

Most often awarded by a University or college to students who plan on pursuing a particular field of study and have achieved more than minimum grade requirement. These scholarships are most often available in perceived high need fields of study of value to a community. Examples are basic education and nursing. Frequently, these awards will have a requirement for the student to work in a high need, remote or rural area for a specified period of time after graduation.


 

Service Academy Scholarships

The entire student populations of the nation’s four service academies (Army, Navy, Air Force, and Coast Guard) are scholarship recipients. Their education costs are born totally by the taxpayer. In return, graduates agree to serve for at least five years.

 

U.S. Government Scholarships

Many departments of the government offer scholarships that have a “bond” requirement. Much like the service academies and the high need fields of study, the student applying for these scholarships agrees to work in a specific field for a specified period of time after graduation. A few of the departments offering such scholarships are the National Oceanic and Atmospheric Administration (NOAA) and the Public Health Service Commissioned Corps which is the uniformed service of the US Public Health Service. (206)