Searching for scholarships can lead to a frustrating mess of results.
More often than not, you are sorting through scholarships that are outdated and ones that you don’t even qualify for. When you are trying to find legitimate scholarship opportunities to apply, this can be incredibly frustrating. I often compare this to searching for a job in a difficult economy. You are trying to find a means to support yourself financially, and you are getting a little desperate because time is running by quickly and your hopes and dreams are on the line.
The good news is that there are ways to make the scholarship search a bit more efficient and effective
The best scholarship search tip that I have is to start searching for scholarship locally. Every high school guidance counselor has a book full of scholarships notices that have been sent to their school. Many of these guidance offices post these notices on their website. Even if you do not attend that high school, these guidance counselors are often more than willing to share information with you about scholarships in the community.
Local scholarships are much more attainable because of the number of applicants, and the relevance of the student to the scholarship organization. For example, if a student lives in the same town where he applies for a scholarship from a local organization, it is very likely that the scholarship committee who reviews his application will be able to relate to the student. Members of the committee may know of organizations that the student has volunteered at, they may know the school the applicant attended, they will most likely know of the college that the student has applied to, and who knows, they might even know the student’s family.
Also, most local scholarships are only intended for a local applicant pool. This limits the number of applicants and guarantees a local student will win the scholarship. Simple math will tell you that if there are only 30 applicants for one scholarship you have a much higher percentage chance of winning than if you apply for a nationally competitive scholarship with thousands of applicants.
Local scholarship awards are also nothing to scoff at. We are not talking about piddly $250 awards. Most local organizations give a minimum of $1000, and often this is a recurring award. For example, when I was applying for scholarships I won an award from a local non-profit that only provided scholarships to students from my high school. The award was $3000 for 4 years. This was a huge boost towards paying for my college and one of the largest single scholarships I received. All from local resources!
Many local scholarships also have additional benefits like banquet dinners in your honor, achievement awards, articles in the local paper, and billboards with your face on them. Even if you don’t enjoy that…your parents and family sure will!
The Bottom Line
There is no one right way to search for scholarships. My advice would be to start local, then expand your search once you have exhausted your local scholarships. My hunch is that you will find much more success by staying at home rather than going abroad.
Pingback: The Weekly Personal Finance Digest – 6/2/2013 | Debt RoundUp