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Money for College

Scholarship Resources

The web is a great resource for researching scholarship opportunities. Also, check in the guidance counselor’s office for more information about scholarships that have been published.

Scholarships:

  • College Discretionary Funds—Each school offers scholarship money to students based on merit (outstanding SAT/ACT test scores, high GPA, athletic ability). Inquire about these scholarships in the financial aid office of the university.
  • Private Scholarships—These scholarships are awarded for a variety of reasons: ethnicity, talent, academic interest, etc. They range in amounts from $50 to $5,000. Specific information can be gathered online, in the guidance counselor’s office, and through your public library.
  • Varsity Tutors College Scholarship – Writing an essay for chance to win a $1000 scholarship:
    http://www.varsitytutors.com/college-scholarship

Scholarship Scams

Please be aware, there are business and organizations that would like you to pay to receive scholarship information. It is available for free if you take time to do the research. You should not have to pay to receive information on scholarships, or to receive honors or awards.

Financial Aid

In order to be considered for financial aid for college, you MUST submit the FAFSA—the Free Application for Federal Student Aid (http://www.fafsa.ed.gov/).

The FAFSA must be filed first to consider these Financial Aid options:

  • Federal Pell Grant — Money given to the student that does not need to be repaid. Grants can range in size from $400 to $2,470 a year.
  • Federal Work-Study — Funds are earned through on-campus employment.
  • Federal Stafford Loan — This is the largest student loan program. Applicants can increase borrowing limits each year. Subsidized and unsubsidized options are available.
  • Federal Perkins Loans — This loan is borrowed directly through the college, so no loan fees are incurred.
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