Scholarships and grants come from a variety of sources. A few sources of grants and scholarships are:
- Federal and state governments
- Individual colleges and universities
- Community organizations
- Parents' and students' employers
Scholarships typically do not have to be repaid. Many scholarships are extremely competitive, so start researching early. To find grants and scholarships:
- Complete the Free Application for Federal Student Aid (FAFSA) to give you an idea whether you are eligible for need-based financial aid.
- Ask employers, clubs, associations, or other local groups if they offer scholarships.
- Talk to the financial aid office at the college you plan to attend.
- Talk to your high school counselor and find out if they know of any grants or scholarships.
- Use the Internet to do a scholarship search. Review our list of financial aid resources for ideas about where to begin.
- Beware of scholarship scams.
Different scholarships will have their own set of criteria as well as their own application requirements.
Consider the following as you start your scholarship investigation:
- You may be required to write an essay, pass a written exam, or complete a project demonstrating your potential.
- Programs may specify how scholarship funds must be used, set time restrictions for disbursing the funds, or set a ceiling on qualifying family income.
- Scholarship funds may be paid directly to the college.
- Failure to meet certain requirements could jeopardize your ability to keep the scholarship.
- Be mindful of deadlines.
Scholarship application tips
There is no magic formula for applying for and receiving a scholarship. These tips can start you on the right track.
- Be organized. Stay on top of deadlines, gather all pertinent documents, and make copies of everything you submit. It is a good idea to send your applications by certified mail to ensure receipt.
- Be honest. Don't exaggerate your grades, memberships, skills, or qualifications. It is better to focus on the scholarships for which you might be eligible.
- Follow instructions carefully. Some scholarships require you to write an essay and others may want letters of recommendation. Send in what is requested and proofread everything. Typos and missing materials can cost you a scholarship.
2015 Sallie Mae Bank
