A few days ago
Anonymous

help with scholarships for a high school senior (easy 10 pts.)?

ok heres my situation. more tha half of all scholarships require an applicant that is in need. they ask for an annual income. is the required anual income the same for ALL scholarships un less otherwise posted?? or are some more demanding?? also, i do not qualify for scholarships because my dad’s income. my second question is that since my dad owns property and he had to invest in fixing up the houses/property that he has as a requirement by the government and therefore his income was less because of the modifications he made to his property (this resulted in a low-income report we received). does that mean i AM in financial need?? cuz he has multiple houses and he makes good money, but the money he makes he has to spend on the house he rents out to other people. its not like we are driving ferraris or living the good life. we dont have “spending” money for ourselves

Top 2 Answers
A few days ago
Mhaerie

Favorite Answer

There is more than one way to pay for college! And they understand that “financial need” does not necessarily mean you are living at the poverty level. Scholarships are based on your *academic records* and/or *financial need*.

1. Endowments. An endowment is when a wealthy family sets up large amounts of money to help out students at the college where they attended. Expensive schools have *lots* of endowment money to give to students. You can check the Peterson’s book (in the library) to find out how much each school has in endowments and what percent of the student body is receiving scholarships.

2. Other scholarships. There are independent groups and individuals who give scholarships to whomever they choose. Sometimes they have very specific requirements for application, based on the field of study, ethnicity, age, etc. You can research these at the library or at the university you choose.

3. Free money via Pell grants and/or loan money via Perkins loans or Stafford loans. Your parents have to fill out a Free Application for Federal Student Aid (FAFSA) form, and you must maintain a certain level of credit hours and GPA to keep getting the funds. The loans must be paid back to the government after you finish school, but they only charge like 3% interest. Here’s the link:

http://www.fafsa.ed.gov/

4. Work-study programs. Get a job on campus, or even better, get a good paying job like UPS and go to school at the same time. MANY people do this.

If you want to keep your education costs low, start out at community college. It’s inexpensive and it’s a good education (for two years). At that point you can transfer over to a state university, which is also reasonably priced.

Hope this helps you! Best wishes!

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A few days ago
Anonymous
Try

http://www.thebigwww.com/scholarship.html

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