News source provides tips on applying for a scholarship
December 19, 2012
Recently, CBS Moneywatch released a report explaining that students may be able to find extra money for college in unexpected places.
Contrary to the presumption of many that the most financial aid for school comes from private organizations such as employers, nonprofits and foundations, CBS advises students to look at scholarships for college offered by the higher-learning institutions they're applying to.
Especially for students from high-income families who might not qualify for any need-based financial help, colleges could be a worthwhile source of scholarships. Some schools offer merit-based scholarships, or financial aid packages to students who excel in art, music or writing. Some institutions also may provide financial aid for college to students who have exhibited particularly strong community leadership skills.
In addition, students looking to snag a scholarship to help them afford college may be interested in a story from Oregon Live, which points to the example of August Herman. While her parents made too much money to qualify for financial aid, but not enough to pay for the expensive universities she wanted to attend, Herman decided to study like crazy for her SATs. Some colleges, the news source explains, will provide as much as $20,000 in merit-based scholarships for students whose test scores rank in the top 10 percent.
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