College Scholarships
When you’re planning your college career, you’ll likely be looking for ways to help subsidize your education. After all, school tuition is one of the largest investments you’ll ever make in your life. The good thing about scholarships, compared to other forms of student financial aid, is that you do not need to pay back this type of money when you graduate. Scholarships, grants and fellowships should be your first search, before you go running to loan office. College scholarships come from a number of sources, so here is a brief overview of who awards scholarships and why.
As you may know, colleges often have their own block of money set aside to attract the best and the brightest students. School-specific college scholarships are given to students who display academic excellence, are pursuing a certain major or who meet certain eligibility requirements. At the University of South Alabama, for instance, 3 fellowship scholarships in computer and information sciences will be given to female students each year. Montana State University wishes to attract more students into their aerospace program, so they offer 8 to 12 undergraduate grants scholarships annually. Albany State College awards 10 students a presidential college scholarship of $5,000, if they have high marks and maintain a GPA of 3.2 or higher. For more information on these scholarship opportunities, you will need to check with the schools to which you’re applying.
A college scholarship can also be given out by a private organization, some of which offer from $50 to $20,000 to aspiring students. A scholarship can come from a corporation who wants to attract new employees and support their community. Businesses like Best Buy, Microsoft, Wal-Mart, Intel, Wegmans, Sunoco, Target, Dell, Toyota, General Motors and Sallie Mae offer awards to local students. A good place to start your scholarship search is with your own employer or your parents’ employers. The Chamber of Commerce will also have details on community players with scholarships for local students. Indirectly, students may also seek paid internship opportunities, which provide real world experience and training in exchange for a decent wage. The best fields for internships are accounting, hospitality, manufacturing, engineering, consulting, insurance and consumer goods. Some of these jobs pay as much as $25/hour and typically 80 to 100% of all interns are offered full-time jobs after their intern session is over.
According to www.usmilitary.com, the American military is one of the biggest sources of college scholarships. Whether you are on active duty, in the reserves, if you’ve retired or have veteran status, or if you’re a dependent or spouse of a military member, there are scholarships for you. The military can pay up to full college tuition plus a stipend for books, in return for a tour of duty. You will need to make some sacrifices to fulfill your contractual obligations, of course, but if this fits in line with your goals, then serving your country for a college education might be a great way to pay for school.
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