It can be tough to figure out how to pay for college. Luckily, scholarships can help ease the financial burden of higher education. But before you start applying for every scholarship you see, there are a few things you should know. Here are 11 questions to ask before applying for a scholarship. Having had experience in the industry, Mark Mariani, Greenwich entrepreneur, believes these questions will provide a path.
1. How Much is the Scholarship Worth?
This is essential because it can help determine if the scholarship is worth your time. Some scholarships may only be a few hundred dollars, while others can be worth tens of thousands.
2. What Are the Eligibility Requirements?
Eligibility requirements vary from scholarship to scholarship. Some may be based on financial need, while others may be based on academic merit. Be sure to read the requirements carefully so you don’t waste time applying for a scholarship you’re not eligible for.
3. How Do I Apply?
Again, this will vary from scholarship to scholarship. Some may require you to complete an online application, while others may require you to submit a written essay. Make sure you understand the requirements before you begin working on your application.
4. When is the Deadline?
This is an important question to ask because many scholarships have deadlines that must be met to be considered for the award. So be sure to note the deadline and submit your application well in advance.
5. How Will I Be Notified if I Win?
Some organizations will notify winners via email, while others may post a list of winners on their website. Make sure you know how you will be notified to be on the lookout for news of your award.
6. Can I Renew the Scholarship?
Some scholarships are renewable so you can receive the award more than once. Others are one-time only awards. Be sure to ask about renewal policies to know what to expect in the future.
7. What is the Selection Process like?
The selection process for scholarships can vary. Some may be selected by a committee, while others may be chosen through a random drawing. Be sure to ask about the selection process, so you know what to expect.
8. How Will the Scholarship be Paid out?
Some scholarships are paid out in one lump sum, while others may be paid out in installments. Be sure to ask about the payment schedule to know when to expect the money.
9. Can I Use the Scholarship for Any Purpose?
Some scholarships can only be used for tuition and fees, while others for other expenses like room and board or books and supplies. Be sure to ask about restrictions on how the scholarship money can be used.
10. Are There Any Other Requirements?
Some scholarships may have additional requirements, such as maintaining a GPA or completing community service hours. Be sure to ask about other requirements to know what will be expected of you if you win the award.
11. Who Do I Contact if I Have Questions?
If you have any questions about the scholarship or the application process, be sure to ask. Many organizations will be happy to help you through the process.
Applying for scholarships can be a great way to ease the financial burden of college. But before you start applying, be sure to ask these critical questions. Doing so can help you avoid wasted time and effort and increase your chances of winning an award.