College education is becoming more and more expensive each year, and with the current state of the economy, getting that degree is further shoved away from those who are financially challenged. However, if one is resourceful, there are ways to finish a college degree without having a big financial cash outlay. Grants and scholarships, for instance, can ease the financial burden of going to college. What’s great about this type of financial aid is that, not like a loan, a scholarship requires no repayment. In essence, you will be getting free cash to finance your college education.
To land a scholarship you have to meet the eligibility requirements of the sponsor. Scholarships are granted on the basis of need or merit. Need-based scholarships are given only to those who can demonstrate financial need. The latter on the other hand are provided to those who showed great talent and skill in sports and the arts, and those who show academic excellence. There are also scholarships that are not given on the basis of need or merit, but instead for certain student characteristics or interests.
Application for scholarships can be easy or hard. Scholarships with no essays are usually uncomplicated, while those that are granted based on GPAs are challenging. Then again, considering that you will be competing with several, possibly hundreds of applicants, who are just as eligible for the scholarship as you, you still need to prepare and submit your applications early.
The good thing is you may qualify in several scholarships. You can begin your search by using online scholarship databases or asking your guidance counselor. Online scholarships databases pool together hundreds of financial aid from various sources. Most of these websites have easy-to-use search or browse tools, which make finding no essay scholarships or any kind of grant for that matter conveniently.
Keep in mind that sponsors, more often than not, evaluate applications and not applicants. Having said such, you need to sometimes critique your application from the perspective of the sponsor, and match your background information with the sponsor’s goals. You should send your applications to several sponsors, even though the amount you can get from them is not that large. Several small awards can add up to a significant amount of money and will possibly add a line to your resume that you are a recipient of a particular scholarship.