Finances can pose an additional source of anxiety to the already stressful process of college application. Stay informed by knowing your options early.
Student loans: Are aimed at helping students pay for post-secondary education-related expenses. As with any loan, this money must be paid back (Visit FAFSA and CSS Profile to learn more).
Scholarships and grants: Scholarships are monetary subsidies for educational expenses that do not need to be repaid. Scholarships can be merit-based or need-based.
A successful scholarship application is not prepared overnight. According to Scholarship America, junior year is the ideal time to start the scholarship search process, when the academic load is not too busy yet.
When starting your scholarship search, keep in mind your professional interests as well as your college of interest.
Stay organized! There are applications and spreadsheets to help you stay on track.
There are some general recommendations (by Scholarship America), to have a successful search process:
- Be prepared
- Compile your documents
- Be exhaustive
- Be timely.