Over 85% of the nation's schools offer various types of scholarship, granting money to college students based on a host of criteria such as academic merit, financial need, and in some cases, racial or ethnic background.
Though the application process can be complicated and redundant between scholarships, there is a great deal of money available for those who are willing to jump through the right hoops and prove their merit and/or need.
Your child's high school guidance counselor should have an abundance of information on local scholarships. From there you can move on to the college financial aid office. Many corporations offer college tuition aid or reimbursement to their employees and some offer scholarships to their employees' children. In addition, other private businesses, foundations, and religious organizations offer scholarships as well.
The internet is a great source to start researching what is available and what fits your college student’s interests, experience, or situation best. There are many websites that have college savings calculators and information on financial aid. Start with the website of the college or university you want to attend, as well as local and national banks.
You can significantly reduce the cost of your college experience using some of these helpful tips:
Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary therefore, the information should be relied upon when coordinated with individual professional advice.