Difficulty: Difficult
Cost: $1-$50

Applying for scholarships is one good way of saving money, so you can put additional money into your savings account instead of just taking away from your bank for your regular expenses.

You might be having second thoughts because first of all, applying for a scholarship is not easy. Secondly, there is the discouraging thought that if you do qualify, you might only get minimal support based on your average income bracket. However, you may still be qualified, and there are very good reasons for you to take this advantage -- to enhance not just your academic performance, but also your saving plans. Good reasons to apply for a scholarship, right?

  1. Look for the right scholarship. Have a list of all scholarships you might just qualify in. Exhaust every available one in your area, even looking at financial grants. Do your research. Just a tip though: if you plan to look it up on the internet, beware of scams. Scholarship offers have become a scammer favorite. You need to watch out. Look for authentic ones by searching for privacy policy, knowing about the organization's admin, the sponsors, etc. Trying to know everything about the scholarship is also one of the best ways you can prepare to be among the chosen ones (of all the applicants!).
  2. Remember that being a scholar means doing your best to deserve it. Have that eagerness from start to finish. It is crucial to show that you already have this potential during your application phase. Make sure you have the right attitude.
  3. After you've narrowed down your targets (those you think you're most eligible in), immediately start calling the scholarship service providers. Now that you're ready, confirm all information you've gathered. Make sure you follow all your inquiries by requesting for application packets sent via email. It's also best to send them a self-addressed stamped envelope. You should let them know that you indeed plan to use the packet. Don't forget to give your name. Let them know that you're serious about your application. Then, stand-by for that packet.
  4. Organize all your requirements and make sure you submit them on time. Always get your documents ready, especially your transcript and recommendation letters. Also remember to keep duplicates!
  5. Estimate the time that your scholarship provider will receive your application. Don't mail it on the due date or just before it. After you've sent in your application, confirm that they indeed received it.
  6. Don't stop with your first application. Don't ever get tired of applying. Follow up your first application immediately with another one. Repeat the process with all other scholarships you might just qualify in. Who knows? There might be a time when they're the ones lined up for your picking. So don't miss any chances.

Applying for scholarships is big deal - the rewards are also great.

Quick Tips:
Make sure you request the application packet early enough to complete and submit it on time after it arrives.
Average rating: