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Everything You Need To Know About Scholarships

What Are Scholarships

In the next few minutes, we’ll give insight into everything you need to know about scholarships.  Scholarships are financial aid awards that do not have to be repaid. They are often awarded based on merit, meaning they are given to students who demonstrate academic or other achievement. Scholarships can come from the federal government, non-profit organizations, or even from a private organization.

Scholarships can help pay for tuition, room and board, books, and other college-related expenses. In addition, since they don’t need to be repaid, they’re one of the best ways to finance your education. But did you know that there are different types of scholarships?

Everything you need to know about scholarships

Academic scholarships are based on your academic achievement. Some scholarships are given to students with high grades.  Whereas others are awarded to students who excel in a particular subject, such as math or science.

Athletic scholarships are awarded to students who participate in sports. If you’re a talented athlete, you may be able to use your skills to earn a scholarship.

Need-based scholarships are awarded based on your financial need. These scholarships are often given to students from low-income families or those who demonstrate financial need.

Minority scholarships are awarded to students who belong to a minority group, such as African Americans, Hispanics, Asians, or Native Americans. These scholarships can help you pay for college if you meet the eligibility requirements.

WHERE TO FIND SCHOLARSHIPS

Financial Aid Office

One great place to start is your school’s financial aid office. They can provide you with information on scholarship opportunities that may be available to you.

Local Resources

Another great resource for scholarship information is your local library. Libraries typically have a good selection of reference books on college planning and financing so that you can find more opportunities.  Local sources can be a great way to learn about national and regional scholarship programs.

Social Media

Another great way to search for scholarships is through social media. Influencers often use social media platforms to advertise scholarship opportunities. By following influencers who focus on scholarship information, you can stay up-to-date on the latest scholarship opportunities. This can help you ensure that you don’t miss any deadlines or requirements.

Search Engines

Finally, don’t forget to search online. There are many websites that list scholarships based off certain requirements.

When searching for scholarships, it’s also important to consider your unique skills and interests. There are many scholarships available for students with specific talents and interests.  This will improve your chances of receiving or winning a scholarship.  Search engines are also a good source to learn more about everything you need to know about scholarships from other sources.

Scholarship Platforms & Private Scholarship Business’s

There are a few scholarship platforms out there that can help you find scholarships.  However, these are business minded platforms and often require you to have a membership.  The price of the monthly membership can vary and often not worth the price as there are no guarantees of winning.  The platforms simply give you an opportunity to ‘apply’ for the scholarship and compete with tens of thousands of other students/families.

Then we have private business owners who have very unique names.  You may hear terms like scholarship guru, the essay guy or gal, and other scholarship system programs.  Essentially these are private businesses who offer programs to families that cost upwards to as high as $1500.  These programs are designed to show you how to apply and win scholarships.  But again, there is no guarantee of actually winning. So, if someone buys a $1,000 course to learn how to win scholarships, your return on investment can potentially be negative.  Similarly, if you spend $1,000 only to then win a scholarship of $1,000, you broke even.  And the business or entity selling you the course made a profit.  Be careful to weigh out the pros and cons of these types of programs as the program coordinators can be quite persuasive. 

Chances of winning a scholarship

There are a lot of variables that come into play when considering the odds of winning a scholarship. The first and most obvious is the number of applicants. The more people who apply, the lower your chances of being selected. Another important factor is how well you match the scholarship criteria. If you are a perfect fit for what the scholarship requirement is, then you have a much better chance than someone who only partially meets the requirements. Finally, it also matters how competitive the scholarship is. Some scholarships receive thousands of applications while others only get a few hundred. Obviously, your odds are better with the latter.

At the end of the day, your chances of winning a scholarship depend on a number of factors. While there is no surefire way to guarantee a win, your best bet is to make sure you are a strong candidate by meeting as many of the requirements as possible and putting your best foot forward. With a little hard work and luck, you could be the next scholarship winner!

Guaranteed Scholarship

Often times you will hear there is no such thing as a guaranteed scholarship.  This is completely false.  The reason this is said is due to the fact that a lot of scammers use this wording as a tactic to scam people. 

However, it’s important to vet the organization who is offering the guaranteed scholarships.  Doing your own research is an important part of this process.

Here are 8 things to consider when a scholarship feels like a scam

  1. How long has the organization been around for?
  2. Is there any proof or statistics of success stories from real people?
  3. What is the mission and goal for the organization? What are they trying to accomplish?
  4. Are there any reviews on social media and google.
  5. How credible does the website look?
  6. Any affiliations?
  7. Does the organization have a point of contact to answer your questions?
  8. Is there any support or FAQ information.

Number One Source for A Guaranteed Scholarship

If you’re looking for a source that can help your family with a guaranteed scholarship with little to no requirements- Viielentra would a place to start.

Viielentra has partnered up with the largest college planning and savings organization. This organization has been around before the inception of the internet.  Through the tuition rewards program- families can ‘earn’ up to a $62,720 in tuition discount scholarship which can be used at over 440+ private colleges and universities.

Viielentra is a life insurance company that gives a free complimentary scholarship to anyone who purchases life insurance form their online digital platform.  The scholarship is considered a guaranteed scholarship which is something extremely difficult to find for families.

It’s important to understand, families are not bribed into buying life insurance to receive a scholarship.  On the contrary, families are gifted the scholarship.  The life insurance industry is a highly regulated industry and bribery is not tolerated.  For this reason, the free scholarship is given as a gift to policy holders who are looking to protect their families with insurance coverage.  Click Here to learn more about everything you need to know about scholarships offered through Viielentra. Guaranteed Scholarships are make life a lot more easier for families who are financially concerned about college savings.