What are the Most Common Scholarships? | College Made Simple

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.

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Editor's Note: Scott Weingold has been ranked the #1 “College Financial Aid Expert Worth Knowing About” in the entire country by CollegeStats.org.  He has co-authored the book, “The Real Secret To Paying For College. The Insider’s Guide To Sending Your Child To College – Without Spending Your Life’s Savings.” Scott also publishes a popular free online newsletter, “College Funding Made Simple" which reveals insider’s tips, methods, and strategies for beating the high cost of college.

Scott is the co-founder and a principal of the widely renown College Planning Network, LLC – the nation’s largest and most reputable college admissions and financial aid planning firm. CPN is a proud member of the Better Business Bureau, the National Association of College Funding Advisors, the National Association for College Admission Counseling, the National Association of Student Financial Aid Administrators and the Student Affairs Administrators in Higher Education.

Scott, along with his college funding advisory team, helps thousands of families throughout the country with their college planning needs and offers a series of free educational webinars and workshops on “How To Pay For College Without Going Broke In The Process!” He's been featured or mentioned in The Philadelphia Inquirer, Yahoo News, TheStreet.com, Voice America with Ron Adams, Crains Cleveland Business, and on Cleveland Connection with James McIntyre.  Scott has published numerous articles and is a professional speaker who has addressed thousands of audiences online and offline throughout the United States.  His actionable insights and candid, open approach have earned him & his team numerous media interviews, citations, and speaking opportunities, and his free online video workshop is one of the Internet’s most widely viewed pieces in the college funding space.