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What Are The Most Common Scholarships

Hi this is Scott Weingold over at CollegeMadeSimple.com.  Today what I want to talk about are the most common scholarships, but before I get into that, I wanted to make sure everyone knows what to look for so that you don’t fall for scams.

Some of the biggest things that are out there is one, never pay for an application fee is what they call it.  Scholarships give you money.  They never take it away.  No matter how legitimate sounding the scholarship may be, any time you need to pay a $39 application fee, or whatever the number is, it’s normally false.  So just keep that in mind when you’re looking at different scholarships.

Be aware of data mining traps.  If the questions seem off, they probably are.  Another one is just to keep in mind is that most of the time no scholarship comes looking for you.  I understand there are certain instances where it may, but most of the time, those scholarships aren’t going to come looking for you; and you’re going to get a lot of junk mail with a lot of these scholarships in the mail.  There are just some key things to look out for so that you don’t fall for scams.

So what are the most legitimate scholarships that are out there?  One, are merit based scholarships, which are the most competitive, and those are largely based on accomplishments, whether in academics or athletics or various other factors.

There are student specific scholarships, which are normally lower dollar amounts, but they’re very specific.  They may be based on your belief systems or your nationality.  There are career specific, which is there is a specific tiny career or it may be a particular city has a shortage of say nurses, so then they’ll give scholarship dollars for that.

Need based, one of the most common.  That’s largely based on a parent and student’s income and assets is the need based aid that they’d be eligible for.  There are other factors too, but those are the main ones.  And then location based, which is individual states and cities, they have their own scholarship dollars that they give out.

So those are the five main ones that we typically see, and once again, three examples of common scams that you’ll see out there.  So just something to think about when you’re looking for scholarships that are out there.

If you want more information on scholarships or college admissions or just the financial aid process in general and how to pay for college without broke and the process, definitely check us out online at www.CollegeMadeSimple.com, your family’s single source for college admissions and financial aid planning.  Take care.