Saturday, April 12, 2008

Why you need to look (and apply) for scholarships.

There are many ways you can fund your college education. The best way, in my opinion, is through scholarships. And boy have I heard the objections lately: "I can't get scholarships," you tell me, "they are too much work and I am not a [fill in your excuse here: 4.0 student, athlete, music prodigy, artist, etc.]."

The fact is, you can get a scholarship and the work is minimal in comparison to other ways of earning money. Here is why scholarships are so great:

1. Unlike loans, you do not have to pay scholarships back. They are a stress-free way to fund your education.

2. Scholarships are everywhere and for anyone. There are scholarships for being a loyal friend, skateboarding, making cool YouTube videos, and the list goes on and on.  

3. You can earn scholarships at any time. That's right, they are not just for high school seniors. Start looking for scholarships early (even in junior high) and continue looking for them throughout college and beyond. Once you learn how to find and win them, you realize they are not just for school. Traveling abroad? Starting a business? Involved in a non-profit? Scholarships can help you to reach many of your goals.

Now that you know how great scholarships are (which I am sure came as no surprise), get motivated to apply.  Applying and winning a scholarship takes a mere hour or two of your time, and the results are typically worth the effort. Consider this: winning one scholarship worth $1000 is the amount you would make working two 40-hour weeks during your summer vacation (and that's only if you have a well-paying job). To put it a better way, two hours applying for scholarships paid you $500/hour. Now that's a kick-butt paycheck.

The moral of the story? You can't afford not to apply for scholarships, so please don't give me any more excuses! 

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