PFPlanning.com
Part 5:
Scholarships
How to Apply for a
Scholarship:
The Money is there, but you have to ask for it
The scholarship application process is
very similar to the college application process. First, you
filter a large list of possible choices into a focused list that
matches you. Then you create compelling applications that are
supported by your achievements, essays, recommendations, and
interviews. Here are some tips to help you create strong
scholarship applications.
Application Tips
There's a lot of advice out there about
the best way to apply for scholarships—how to package yourself
in your essay, what extracurricular activities to emphasize,
etc. The truth is, much of this advice can vary widely,
depending on the author—what works for one applicant may not
necessarily work for another. You'll discover that most of the
scholarship secrets you'll read about boil down to using your
common sense and following directions carefully.
Start Your Research Early
The more time you can put into your
scholarship search, the more options you'll have. You'll need
time to research scholarships, request information and
application materials, and complete your application—plus, some
scholarships have deadlines early in the fall of senior year.
Use
Scholarship Search to get started.
Read Eligibility Requirements Carefully
The more time you
can put into your scholarship search, the more options you'll
have. If you have a question about your eligibility for a
particular scholarship, contact the scholarship sponsors.
Organize All Scholarship Materials
Create a separate file for each
scholarship and file by application date. Keep a calendar of
application deadlines and follow-up appointments.
Many scholarships require you to provide
them with some combination of the following:
- Transcript
- Standardized test scores
- Financial aid forms, such as the
FAFSA or
PROFILE
- Parent's financial information,
including tax returns
- One or more essays
- One or more letters of recommendation
- Proof of eligibility (e.g. membership
credentials)
You may also need to prepare for a
personal interview. For students competing for talent-based
scholarships, an audition, performance, or portfolio may be
required.
Proofread Your Application Carefully
Use your computer's spelling and grammar
check features. Have a parent, teacher, or friend read your
essays.
Don't Leave Items Blank
Contact scholarship sponsors if you aren't
sure how to fill out any part of the application.
Follow Instructions to the Letter
Private
scholarships can actually reduce parts of your financial aid
package. Avoid going over the length limit for the essay,
and resist the temptation to send supporting materials that are
not requested in the application.
Make Sure Your Application Is Legible
Type or print your application forms and
essays.
Make Copies of Everything You Send
If application materials are lost, having
copies on hand will make it much easier to resend your
application quickly.
Double-Check Your Application
If you're reusing material (such as a
cover letter or essay) from another scholarship application, be
especially careful you haven't left in any incorrect names or
blank fields. Don't forget to sign and date your application.
Get Your Applications in Early
You'll miss out if you miss deadlines.
Consider using certified mail or return receipt.
How Scholarships Affect Your
Financial Aid Package
Private scholarships can actually reduce
parts of your financial aid package. How? Colleges must consider
outside scholarships as a student's financial resource,
available to pay for education costs. If a college financial aid
office meets your full financial need, government regulations
specify that any scholarship money you win lowers your need
figure on a dollar-for-dollar basis.
What should matter to you is which types
of your aid are reduced or eliminated—self-help aid (loans or
work-study) or need-based grants. Colleges, following federal
regulations, can adjust your aid package in a variety of
ways—some will subtract the value of unmet need first, others
will reduce self-help aid before reducing grants, still others
will use scholarship funds only to replace grant money. Some
schools even give you the option of using scholarships to reduce
your expected family contribution.
It's a good idea to contact the financial
aid office of schools that interest you and inquire about their
policies regarding outside scholarships.
Home, Course Index,
or
Retirement Careers
|