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Financial Aid

Scholarship Guide – Types, Tips, Scams

Scholarship Types

Types of Scholarships Available

College scholarships originate from a variety of different sources. The following information is to better help you understand who awards scholarships and why they support college education. The three types of scholarships are:

1) College-Specific Awards

Colleges often have scholarship money available that is used to develop the financial package offered to an applicant who has been granted admission. These scholarships are available under a variety of terms that may include pursuing a specific major, maintaining a certain GPA, etc.

Academic Awards

These merit-based scholarships are awarded by your college for academic achievement. Inquire about these awards at your school’s financial aid office though, you may not even have to apply for an academic award. They are often wrapped into the financial aid package offered by the college, based on your college application.

Departmental Awards

Specific departments may have scholarships available to attract or retain students in the department’s field of study. If you know what your major will be, contact that department to inquire about scholarships.

Athletic Scholarships

Many athletes dream of going to college on an athletic scholarship. It is possible to achieve that dream, but these scholarships are highly competitive and the application process is a world unto itself. If you are interested in winning an athletic scholarship, go immediately to the National Collegiate Athletic Association (NCAA) website and begin reading as fast as you can.

According to the NCAA, athletic scholarships for undergraduate student-athletes at Division I and Division II schools are partially funded through the NCAA membership revenue distribution. These scholarships are awarded directly by each academic institution and not the NCAA. About $1 billion in athletic scholarships are awarded each year. Over 126,000 student-athletes receive either a partial or full athletic scholarship. Division III schools offer only academic scholarships. They do not offer athletic scholarships.

Second, contact the financial aid office of the school you hope to attend. They should have lots of information about available awards.

Lastly, Check out athletic scholarships for information about the following:

  • NCAA Scholarships
  • Women Athletic Scholarships
  • Paid Recruiting Services
  • List of College Sports
  • List of Non-College Sports that offer Scholarships

2) Private Organizations

There are thousands of private organizations that offer scholarship awards, ranging from $50 to $20,000 and more. Within the “private” category there are many types of organizations to consider.


Corporations offer scholarships to attract and retain employees, support the communities where the business is located, and encourage entrants into the business’ field of work. These are often the scholarships that go unawarded for lack of applicants.

Search for corporation scholarships by checking with your parents’ employers for possible programs, researching businesses in your region, and searching your newspaper’s archives for award announcements. You may have a much greater chance of receiving a private corporation award because geography, employment, and other restrictions narrow the number of candidates.

Religious Organizations

Religious organizations often award scholarships to help their members afford the cost of college. If you and your family are affiliated with a specific religious group, check with your local group about the availability of scholarships.


Unions are a major source of scholarship funds. The AFL-CIO website offers a scholarship search service related to union-sponsored scholarships that include $4,000,000 in available funds.

High School or School District

Your high school may offer scholarships to graduating students. Your high school guidance counselor can provide information about availability.

Chamber of Commerce

Local Chambers of Commerce often have scholarship programs, and they can be great sources of information about which businesses in your community offer scholarships.

Other Private Organizations

The category “other” is really the motherload of scholarship opportunities. There are thousands of scholarships available, given by organizations who wish to further their mission by supporting the education of students. This category of scholarships is why you use a web search engine to identify suitable opportunities in this vast universe of money offers.

The Military

The United States military is a well-known source of college scholarships. The Air Force ROTC program can pay up to full college tuition plus a stipend for books. Military scholarships are awarded in return for a tour of duty with the branch of the military supporting your education. Be sure you’re prepared to fulfill the terms of your scholarship agreement. If the prospect of military service fits with your goals, a military scholarship may be an excellent way for you to underwrite your college education.

Further Reading: List of No Essay Scholarships at Access Scholarships

3) State and Federal Financial Aid Fund

The federal government provides $40 billion in grant aid to students annually. This aid comes in many different forms:

Need-based federal aid:
  • Federal Pell Grants
  • Federal Subsidized Stafford Loans
  • Federal Supplemental Educational Opportunity Grants
  • Federal Work-Study
  • Perkins Loans
Financing Options:
  • Federal PLUS loans (also known as Direct Plus Loans)
  • Federal Unsubsidized Stafford Loans (Also known as Federal Direct Unsubsidized Loans)
  • Other parent loans
  • Alternative Student Loans

In order to receive a grant from the federal government, your college must qualify to administer these grants. Check with your school’s financial aid department to be sure your school is a qualified participant. The internet site where you can fill out your “Free Application for Federal Student Aid”, (FAFSA),, provides great information about federal grant programs.

10 Tips to help you get a college scholarship!

Scholarships are great because they provide free money for college that doesn’t have to be paid back. There are many different types of scholarships out there.

These 10 Tips will help you get scholarships to pay for college:

  1. Start ASAP and apply early – There are many scholarships that have early application deadlines, so don’t miss out on these opportunities.
  2. Search locally – A local scholarship is probably your best chance for getting a scholarship. There are many special scholarships just for locals. This means it will be less competitive as there are fewer applicants. Local banks, clubs, grocery stores, businesses, organizations, and churches are all potential sources for local community scholarships. You should also check state-funded scholarships. States have lots of money to disperse when it comes to providing education.
  3. Read the requirements carefully – Make sure you are eligible right from the start, so you’re not wasting your time. Also, never pay to apply for a scholarship these are usually scams.
  4. Follow instructions carefully – Any initial errors can get your scholarship application easily denied. Proofread it. Have someone else proofread it!
  5. Ask questions – Make sure the application is completed right. If you are not sure about something in the scholarship application, don’t hesitate to ask.
  6. Neatly presentable, neatly packaged – Send the scholarship application via certified mail or, better yet, FedEx, making your application look professional and stand out from others.
  7. Visit the college/financial counselor at your School – The counselor may be able to lead you to scholarships you don’t know about or that aren’t listed on the web. You want to find scholarships that aren’t very competitive. These are typically scholarships not heavily advertised.
  8. Check School Specific Scholarships – Check with the school/college you would like to attend. Usually, there are many school-specific scholarships available. This may also help you in deciding what school/college to attend.
  9. Be Active, Stay Active– Being in a sports team, club, or some type of community service will always better your chances at receiving a college scholarship.
  10. Maintain your GPA – Keep your grades up. A higher GPA will make you eligible for more scholarships, thus increasing your chances of receiving additional funds.

Scholarship Scams

Have you been asked to pay money to get scholarship money??

If so, then this is more than likely a scam! Every year, several hundred thousand students and parents are defrauded by scholarship scams. The victims of these scams lose more than $100 million annually. Scam operations often imitate legitimate government agencies, grant-giving foundations, education lenders, and scholarship matching services, using official-sounding names containing words like “Federal”, “National,” or “Foundation”.

How to protect yourself from scholarships scams

This advice can help you avoid becoming the victim of a scholarship scam.

  1. If it sounds too good to be true, it probably is.
  2. If you must pay money to get money, it might be a scam.
  3. Legitimate scholarship foundations do not charge application fees.
  4. Never invest more than a postage stamp to get information about scholarships.
  5. Spend the time, not the money.
  6. Nobody can guarantee that you’ll win a scholarship.
  7. If you’re suspicious of an offer, it’s usually with good reason. Trust your instincts!

In summary, be wary of scholarships with an application fee, scholarship matching services that guarantee success, or advance-fee loan scams and sales pitches disguised as financial aid “seminars”.


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