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What Kind of Scholarships Should I Apply For?

There are millions of dollars ready for the taking in the form of scholarships, all you have to do is apply. However, too many students make excuses for not applying for scholarships that could result in big discounts in costs associated with college tuition and room and board. The average college graduate starts his or her career with a heap of debt due to the cost of getting an education. Scholarships can make a huge difference in how much, if any, debt you are left with once you complete your degree. Successful applicants know that discernment regarding which scholarships to apply for is essential in this process.

Scholarships

come in many different forms and don’t just get awarded to those graduating high-school. There are scores of scholarships available to many different ages of college students, including adult students. Scholarships tend to fall into two major categories; merit-based and requirement-based. Merit-based scholarships will pertain to your academic history, while requirement-based speak more to your extracurricular activities and areas of interest.

Don’t underestimate the value of spending time on applying for scholarships. Consider that if you win even a small amount, this is equal to an hourly pay rate. For the amount of time that you spent applying for the scholarship, how much did you earn back per hour? Odds are that this is a significant number. More than you would have been able to earn in a standard part-time or full-time job. Winning a scholarship comes down to prioritizing which applications fit you best and concentrating on those exclusively. Though there a millions of scholarship dollars out there, it may be the case that only a handful really fit you well. These are the applications you should be chasing after. Use the following questions to help you decide which type of scholarships are right for you.

Do you have a 3.0 GPA or higher?
Have you already chosen your area of study?
Have you received any academic awards?
Are you in the top 10% of your class?
Did you participate in athletics?
Did you score high on your ACT or SAT?
Do you have artistic talents?
Do you have strong cultural background?
Are you the first member of your family to attend college?