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Four Steps to Financial Aid<<< STEP 1: WHAT IS FINANCIAL AID?ScholarshipsScholarships are monetary gifts awarded on the basis of academic performance or other exemplary achievements. Some scholarships are based on financial need, while others are not. Scholarships may come from a community or professional group, a business, labor union, religious organization, or national foundation. College financial aid offices are a source of information on all scholarships.Community Organization-Sponsored Scholarships Many civic and community groups (e.g., Rotary Club, Elks, American Legion, 4H, Boy Scouts, Girl Scouts, Chamber of Commerce, PTA, etc.) offer scholarships and other financial assistance. Contact the various patriotic, civic, fraternal, religious, ethnic, social, and professional organizations in your community for more information. Employer-Sponsored Scholarships Many private businesses and corporations offer scholarships or loans to employees' children or to students who live in the community where the company is located. Others offer aid to students majoring in fields related to the company's activities or interests. Personnel offices at some companies have application information and forms available. Check with online sources and Electronic Campus scholarship search engine, as well as your local library for more information. Professional, Career, and Trade Association Sponsored Scholarships Libraries have directories of scholarships and loans offered by professional, career, and trade associations in your proposed career or field of study. Also, ask your art or shop instructor, coach or bandmaster about schools and colleges looking for students with your talents. Scholarship leads also may be listed in trade magazines related to your special interests and skills. National Merit Scholarships The independent, nonprofit Merit Scholarship Corporation awards about 5,000 scholarships each year. Students compete on the basis of test scores, academic and extracurricular achievements, and school recommendations. Taking the Preliminary Scholastic Assessment Test/National Merit Scholarship Qualifying Test (PSAT/NMSQT) in the fall of your junior year in high school will enter you in the competition. Scholarship Search Assistance The U.S. Department of Education I student aid programs are the largest source of student aid in America. These programs provide more than $80 billion a year in grants, loans, and work-study assistance. You cand find out here about other sources of federal aid and about scholarships. Nonfederal financial assistance programs and requirements often vary from school to school, so check with schools you're interested in for information about state and instutional aid. https://studentaid2.ed.gov/getmoney/scholarship/scholarship_search_select.asp [ top ]
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