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2/8/2008 1:46:07 PM
SCHOLARSHIPS
Undergraduate scholarships and graduate fellowships are forms of aid that help students pay for their education. Unlike loans, they do not have to be repaid. Hundreds of thousands of scholarships and fellowships from several thousand sponsors are awarded each year.
Generally, scholarships and fellowships are reserved for students with special qualifications, such as academic, athletic or artistic talent. Awards are also available for students who are interested in particular fields of study, who are members of underrepresented groups, who live in certain areas of the country or who demonstrate financial need.
SCHOLARSHIP SEARCH
The best way to search for scholarships and fellowships is to use a personalized search that compares your background with a database of awards. Only those awards that fit your profile are identified as matches.
There are several free scholarship databases available online. FastWeb is one of the largest, most accurate and most frequently updated scholarship database. If you supply an email address*, they will notify you when new awards that match your profile are added to the database. You can even submit an electronic application to some of the scholarships listed on FastWeb, saving you time and money. FastWeb also includes a college search and numerous other student resources.
In addition to searching the FastWeb database, you may want to search at least one of the other large scholarship databases. The College Board's FUND FINDER scholarship database, also known as ExPAN Scholarship Search, lists scholarships and other types of financial aid programs from 3,300 national, state, public and private sources. The database is updated annually.
You will notice a significant amount of overlap among the databases - they all use similar methods to compile their listings - but each database includes a few awards not listed in others. To find small local awards that aren't listed in any book or database, look for notices posted on bulletin boards at your school's guidance office, the public library and outside the financial aid office at nearby colleges and universities.
It is always a good idea to check with your chosen college(s) financial aid office or log on to their web site. Some colleges offer more scholarship awards than others. If you meet the eligibility criteria, you may automatically be considered for some of these awards simply by completing the college’s application form. However, check college websites for available scholarships for colleges your student has applied to, complete required forms and be sure to submit required documentation before deadlines.
College alumni and other private scholarship sponsors occasionally establish scholarships with esoteric eligibility requirements, such as a scholarship for left-handed students. Although there aren't many of these unusual scholarships, they often attract a lot of attention because of their slightly offbeat nature. Visit http://www.finaid.org/scholarships/ for more information.
Scholarships that sound too good to be true usually are. Learn how to recognize and protect yourself from the most common scholarship scams. Go to http://www.finaid.org/scholarships/scams.phtml for further information.
*Note Regarding Email Addresses: To avoid the possibility of being inundated with junk email at your current email address, you may want to use one of the free email services available online. One we’ve used is Aemail4u.com. Simply click on SIGN-UP and follow the instructions. You do not need to enter accurate name and address information. For example, you could sign up as Joe Search at 1234 Any Street. I would recommend entering your actual city, state and birth date since this information may effect your scholarship eligibility.
CONDUCTING YOUR OWN SCHOLARSHIP SEARCH
1. Create a new Email address, if desired. (See above note regarding email addresses.)
2. Conduct your own Internet search using one or more of the suggested web sites. Start early! Some scholarships will require essays or letters of recommendation. Deadlines vary but some will occur during the junior year or fall of the senior year.
Suggested Internet Searches:
o FastWeb Scholarship Search at http://www.fastweb.com
o College Board’s FUND FINDER at
http://apps.collegeboard.com/cbsearch_ss/scholarshipSearch.jsp
o Your college's web site (or contact the college’s Financial Aid Office)
o For a specific major or course of study try the FinAid web site at
http://www.finaid.org/otheraid/majors.phtml
o Additional web sites:
http://www.finaid.org/
http://www.wiredscholar.com/index.jsp
http://encarta.msn.com/encnet/departments/college/default.aspx?page=FinancialAid
http://www.princetonreview.com/college/finance/
http://www.search4careercolleges.com/scholarships.asp
Broke Scholar: http://scholarships.brokescholar.com/
CollegeNET: http://mach25.collegenet.com/cgi-bin/M25/index
FASTaiD: http://www.fastaid.com
NextStudent: http://www.nextstudent.com
Scholarship.com,LLC: http://www.scholarship.com
College Answers (by SallieMae, Inc.): http://www.collegeanswer.com/index.jsp
Orange County Community Foundation – Scholarship Programs: http://www.oc- cf.org/Default.asp?Page=139
When determining the amount of time and effort you are going to put into your scholarship search remember that any scholarships awarded are reported to your university. The university may reduce the amount of your financial award by the scholarship amount. In some cases they may reduce the amount of loans, which still makes the scholarship valuable. However, if they reduce the amount of Grants (free money) it greatly reduces the value of the scholarship. Therefore, the scholarships are most valuable for those students who are anticipating very little need based financial aid.
Undergraduate scholarships and graduate fellowships are forms of aid that help students pay for their education. Unlike loans, they do not have to be repaid. Hundreds of thousands of scholarships and fellowships from several thousand sponsors are awarded each year.
Generally, scholarships and fellowships are reserved for students with special qualifications, such as academic, athletic or artistic talent. Awards are also available for students who are interested in particular fields of study, who are members of underrepresented groups, who live in certain areas of the country or who demonstrate financial need.
SCHOLARSHIP SEARCH
The best way to search for scholarships and fellowships is to use a personalized search that compares your background with a database of awards. Only those awards that fit your profile are identified as matches.
There are several free scholarship databases available online. FastWeb is one of the largest, most accurate and most frequently updated scholarship database. If you supply an email address*, they will notify you when new awards that match your profile are added to the database. You can even submit an electronic application to some of the scholarships listed on FastWeb, saving you time and money. FastWeb also includes a college search and numerous other student resources.
In addition to searching the FastWeb database, you may want to search at least one of the other large scholarship databases. The College Board's FUND FINDER scholarship database, also known as ExPAN Scholarship Search, lists scholarships and other types of financial aid programs from 3,300 national, state, public and private sources. The database is updated annually.
You will notice a significant amount of overlap among the databases - they all use similar methods to compile their listings - but each database includes a few awards not listed in others. To find small local awards that aren't listed in any book or database, look for notices posted on bulletin boards at your school's guidance office, the public library and outside the financial aid office at nearby colleges and universities.
It is always a good idea to check with your chosen college(s) financial aid office or log on to their web site. Some colleges offer more scholarship awards than others. If you meet the eligibility criteria, you may automatically be considered for some of these awards simply by completing the college’s application form. However, check college websites for available scholarships for colleges your student has applied to, complete required forms and be sure to submit required documentation before deadlines.
College alumni and other private scholarship sponsors occasionally establish scholarships with esoteric eligibility requirements, such as a scholarship for left-handed students. Although there aren't many of these unusual scholarships, they often attract a lot of attention because of their slightly offbeat nature. Visit http://www.finaid.org/scholarships/ for more information.
Scholarships that sound too good to be true usually are. Learn how to recognize and protect yourself from the most common scholarship scams. Go to http://www.finaid.org/scholarships/scams.phtml for further information.
*Note Regarding Email Addresses: To avoid the possibility of being inundated with junk email at your current email address, you may want to use one of the free email services available online. One we’ve used is Aemail4u.com. Simply click on SIGN-UP and follow the instructions. You do not need to enter accurate name and address information. For example, you could sign up as Joe Search at 1234 Any Street. I would recommend entering your actual city, state and birth date since this information may effect your scholarship eligibility.
CONDUCTING YOUR OWN SCHOLARSHIP SEARCH
1. Create a new Email address, if desired. (See above note regarding email addresses.)
2. Conduct your own Internet search using one or more of the suggested web sites. Start early! Some scholarships will require essays or letters of recommendation. Deadlines vary but some will occur during the junior year or fall of the senior year.
Suggested Internet Searches:
o FastWeb Scholarship Search at http://www.fastweb.com
o College Board’s FUND FINDER at
http://apps.collegeboard.com/cbsearch_ss/scholarshipSearch.jsp
o Your college's web site (or contact the college’s Financial Aid Office)
o For a specific major or course of study try the FinAid web site at
http://www.finaid.org/otheraid/majors.phtml
o Additional web sites:
http://www.finaid.org/
http://www.wiredscholar.com/index.jsp
http://encarta.msn.com/encnet/departments/college/default.aspx?page=FinancialAid
http://www.princetonreview.com/college/finance/
http://www.search4careercolleges.com/scholarships.asp
Broke Scholar: http://scholarships.brokescholar.com/
CollegeNET: http://mach25.collegenet.com/cgi-bin/M25/index
FASTaiD: http://www.fastaid.com
NextStudent: http://www.nextstudent.com
Scholarship.com,LLC: http://www.scholarship.com
College Answers (by SallieMae, Inc.): http://www.collegeanswer.com/index.jsp
Orange County Community Foundation – Scholarship Programs: http://www.oc- cf.org/Default.asp?Page=139
When determining the amount of time and effort you are going to put into your scholarship search remember that any scholarships awarded are reported to your university. The university may reduce the amount of your financial award by the scholarship amount. In some cases they may reduce the amount of loans, which still makes the scholarship valuable. However, if they reduce the amount of Grants (free money) it greatly reduces the value of the scholarship. Therefore, the scholarships are most valuable for those students who are anticipating very little need based financial aid.
