Hmm, no, not here. Hmm, not in that one either.
Not there. Where could it be? Oh hi, friends! Don't you just hate it when you misplace money?
Even when it's a small amount, it bothers me so much when I can't find it! And the same thing
is true for college scholarships. Even small amounts matter. Sometimes it's easier to get
ten $500 scholarships than one $5,000 scholarship, and speaking about scholarships and easy,
that's what we're going to talk about today with inside scholarships, which are scholarships from
the college. Outside scholarships, which are scholarships from places outside of the college,
and everything else, such as how to find scholarships,
qualifications for scholarships, and scholarship questions to consider. Let's get started.
And we'll begin with inside scholarships. There are several different types of university
scholarships, and they're specific to the school you're applying to. Let's begin with
academic scholarships. These are scholarships that are awarded to students based on their
academic standing. Sometimes these scholarships are solely based on the student's high school GPA.
Other times they are awarded because of the SAT or ACT scores combined with the application essay.
These scholarships are usually available for four years, as long as the student keeps up their
grades. Similarly, departmental scholarships, scholarships that come from your major,
are usually four years but require the student to maintain a specific GPA for the classes in
their major. Every department at a college gets a certain amount of money to award their students.
For instance, the music department at Amir University might have $100,000 that they can
offer in scholarships to 100 different students. The earlier you apply with a declared major,
the more likely you are to receive more scholarship money from the department.
Sometimes departmental scholarships are also talent-based scholarships. They frequently
require an audition, portfolio, or tryout. For instance, the amount of my talent-based
scholarships in college were based on my audition for the acting program. Sports scholarships like
football, swimming, cheerleading, and more are based on athletic ability. Some schools also offer
leadership scholarships. These are typically based on the student's application essay.
Sometimes colleges ask for an interview with a leadership applicant, or for an additional essay
or resume. Another type of insight scholarship that may require an interview is a fellowship.
Now, fellowships are typically associated with graduate students, but some undergrad students
may also be awarded fellowships. Usually fellowship students assist in research
and work with either graduate students or professors. While fellowships are rare,
they frequently come with more money. Sometimes they may cover full tuition.
If you find that inside scholarships are not enough, try looking into outside scholarships.
Now, there are so many different kinds of scholarships that it can get a little
overwhelming. So let's break down some of the main types of outside scholarships.
They'll also be included in the supplemental PDF for this lesson.
Let's start with community service scholarships. These are scholarships awarded to students that
have served their community. These are given by community service organizations or foundations.
Hobbies and extracurricular scholarships focus on the applicant's interesting passions
and activities. Believe it or not, there's a scholarship for the student who best designs
a duct tape prom outfit. Identity scholarships are offered to students who have a particular
identity, such as an immigration history, ethnicity, family background, and more. For
instance, if you are adopted you could qualify for scholarships that are specifically for adoptees.
Needs-based scholarships are for those who demonstrate financial need. They are
designed to help low-income students attend college. Military scholarships are for
children of military parents. So if one of your parents is or was a service member
you could qualify. Religious scholarships are typically offered by religious organizations,
such as churches, mosques and more. They are usually offered to students who demonstrate
the religion's tenets. Government scholarships are available to the children of government employees.
These could be the kids of librarians, post office workers, and compliance officers. First generation
scholarships are for students who are the first in their family to attend college. If nobody else in
your family has a collegiate degree, you can be eligible for these scholarships. Contrastingly,
legacy scholarships are for the children of alumni. So if your parent or caregiver
went to a university, you might qualify for a scholarship to go to the same university they did.
And speaking of parents or caregivers, their workplace might offer you a scholarship.
Many businesses offer scholarships to the employee's children. If you are employed,
your job may also offer to pay some of your tuition. Scholarship drawings run sort of like
lotteries. You enter your name and information and see if you get lucky. However, these are the
least likely, so don't spend too much time on them. There are also special state programs
offered to high level students, usually in the summer between your junior and senior years.
These programs don't offer scholarships directly, but participation in them often means partial or
full scholarship offers from universities. For instance, students in the governor's
schools program almost universally get full academic college scholarships.
So now that we've looked at all the different types of inside and outside scholarships,
let's take a look at everything else. We'll start with one of the most important parts,
how to find scholarships.
For inside scholarships, the financial aid office at your college is a great
place to start. They can help you see which scholarships you qualify and can apply for.
They will also let you know how your scholarships or grants will be directly applied to your tuition
payments. You can also speak to the dean of your department. They may know how to get you a
higher departmental scholarship. They might also have insight on outside scholarships as well,
and speaking of outside scholarships, they can be found in a variety of ways. There are
multiple sites that categorize scholarships. Once you enter your basic information, it will sort
through which scholarships match your profile. You can ask previous students to see what scholarships
they found. Many companies and businesses offer scholarships for students as well,
including fast food restaurants, tech businesses, soft drink companies, and more. Now remember,
while some scholarship sites or services may charge a monthly fee to access their lists,
any place that requires you to pay money for a specific scholarship is a scam. And once you've
found scholarships, how can you apply or qualify? Well, this depends on the type of scholarship.
As previously mentioned, different scholarships will require different application materials,
such as GPA minimums, interviews, auditions, tryouts, essays, projects,
etc. Quick warning, be careful of your time. Adapting a single essay for multiple scholarships
may be worth more than putting hours into a project for a single scholarship that has high
competition. When looking through scholarships, make sure you answer the following questions.
How long will the scholarship last? Is the scholarship renewable for every year you are
at the school? Can you get more scholarships as your college career continues, or will you
lose them after a few years? What standards do you have to maintain to keep your scholarships?
Are there any other requirements to receiving the scholarship, such as writing a thank you letter,
attending an event, or more? Check the PDF for a list of these questions, along with a few more.
And speaking of checking out, we're getting ready to check out for today. But first let's review
what we learned. Inside scholarships, scholarships from the college. Outside scholarships,
scholarships from places outside of colleges, and everything else like how to find scholarships,
qualifications for scholarships, and scholarship questions to consider.
Well, I need to find my missing money while you look at the supplemental materials for this lesson
to prepare for our next class, where we will learn all about
Flourishing with Financial Aid. Until then, keep constructing your college castle in the sky.
Oh hey, look here is my money! It was in my pocket all along.