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Oct 30

Myths, truths and scams of scholarship grants

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Scholarship grants have no parallels in bringing free money to students. Although you can borrow student loans at lowest rate of interest but one has to repay the loans. It is not the case with scholarship grants. Once the scholarship grants are awarded, the money belongs to you forever. Students strive to get as much scholarship grants as they can but still there are scholarship grants which


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go unclaimed every year. Scholarship grants are being awarded to worthy students since many years but students are still confused about their eligibilities.

 

Myths about scholarship grants

  • The idea that scholarship grants are available only for talented students discourages average students to apply for scholarship grants. Although many scholarship grants have something to do with the academic background of students but it is not true about all scholarship grants. You can still get scholarship grants with average academic performance.
  • Some students think that scholarship grants are awarded to support underprivileged students. It is half truth. Religious and social associations give scholarship grants to their underprivileged members. If you are associated with such associations then there are chances that you can get scholarship grants.
  • Most students have misconception that one cannot apply for multiple scholarship grants. The truth is that you can apply for as many scholarship grants as you can.


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Searching for scholarship grants

It can be a daunting task for students because it involves a deep research. Usually scholarship grants are not advertised in media. You have to trace them using the resourced at hand. Internet provides you a reliable platform to search for scholarship grants. There are books written by eminent writers on scholarship grants. You can ask questions regarding scholarship grants to your high school counselor.

Apart from all these resources there are companies, which help you to search, select and apply for various scholarship grants. They charge fees for offering their services. Search for scholarships in your local area. You will face mild competition in local scholarships rather than national.


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Common scams of scholarship grants

Fraudsters accumulate large sum of money from students by assuring them of scholarship grants. They claim to refund the money deposited if scholarship grants are not awarded to them. Students get information regarding scholarship grants awarded to them through Email and phone calls. The person sitting on other side of computer informs students that scholarship grants will be awarded on depositing some money. The students, who act accordingly, loose their money.


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However federal government has passed the College Scholarship Fraud Prevention Act in 2000 but it largely depends on students to check scams in scholarship grants. Students should not respond lucrative mails or phone calls. You should apply for free scholarship grants. Do not spend money because scholarship grants are awarded not purchased. Contact the Better Business Bureau, school guidance counselor or state attorney general office in case you want to apply for paid scholarship grants.

Applying for scholarship grants

A student cannot be eligible for all the scholarship grants available. Therefore it is wise to make a list of scholarships according to your eligibility. It will narrow down your search for scholarships. Fill scholarship forms as per guidelines. Try to submit scholarship grants application forms before the deadline. Be precise while describing your achievements, academic qualifications and other strengths on application forms.

 


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