When it comes to scholarships a lot of people have strong opinions about them, in which most of them are not true. They usually come from “what makes sense” or “that’s how it should be”, which means they come from a logical place. However, these opinions are starting to hurt a huge opportunity vehicle that has the ability to send 1 million more students to college each year. I hope by exposing these opinions, the scholarship environment will flourish to provide more opportunity to people who need it!
Where is the $100 Million? Most people think that there are not enough scholarships out there for everyone. Although yes this is true, the scholarship market is not yet efficient. Currently, over $100 Million of scholarship money goes unclaimed each year due to lack of applicants. This is complete nonsense! There are people out there who want to give students money, however, they cannot find applicants… Pick up the applications students, and apply for as many scholarships as possible. Let’s drive this number down!
My chances are what? Whenever I tell people this they are taken off guard. Most people think that their chances of getting a scholarship are slim so they don’t even apply. I have talked to hundreds of donors by now and one of the questions that I ask them is how many applications did you receive and how many awardees did you have last year? You wouldn’t believe it but I have spoken to donors who have more recipients slots than applications on consistent biases. Meaning that if you applied for that scholarship, it was a 100% chance that you would get that scholarship. However, that is not the case for all scholarships. When you apply for the average local private scholarship (I will define this in a later article), your chances are usually over 25%! Think about that next time you are wondering if you should apply for that $1,000 scholarship.
My GPA is not high, I don’t qualify. I hear this a lot and not to worry, even if your GPA is not high you are still eligible for scholarships and you are probably even eligible for scholarships that students with high GPA’s are not. My overall GPA in High School was low, however, I was still fortunate enough to receive scholarships. I then joined other donors to give out a scholarship where GPA was not a factor in the application (I will also write about this later). There are donors out there who understand that not all students have the ability/environment to get a high GPA and will not use that against you. Keep your head up bud!
I hope that you found this useful and if you thought some of these things, I hope that it gave you hope. That’s what scholarships are all about, so let’s keep it up and submit those applications! If you have any questions about this please reach out to me directly at traven(a)scholarsapp.com. I’m here to help you with your scholarship journey!