Latest Research Confirms Families Underutilizing Scholarships for Higher Education
Sallie Mae’s Totally free Scholarship Research Resource is Residence to 6 Million Scholarships Collectively Well worth $30 Billion
College students Can Register to Acquire Additional than $5,000 This Nationwide Scholarship Thirty day period
NEWARK, Del., October 28, 2021–(Company WIRE)–Most up-to-date research confirms that 44% of family members did not use scholarships previous year to pay for school, and nearly 3-quarters of those family members merely didn’t apply. The fact is, there are tens of millions of scholarships readily available to learners of all backgrounds and interests. They essential is being aware of in which to uncover them, and of study course, when, and how to apply.
Sallie Mae’s Scholarship Lookup is free and house to 6 million scholarships collectively worth up to $30 billion. Learners fill out a quick profile, and in minutes, the tool responds with matches that discover pertinent scholarships, and their award quantities, software prerequisites, and deadlines. Previous yr, extra than 24,000 learners who made use of the resource secured at the very least a single scholarship, masking a lot more than $67 million in higher education expenses. Sallie Mae also delivers a Graduate College Scholarship Lookup, property to 950,000 graduate college scholarships worth up to $1 billion.
“Greater education and learning is a demonstrated pathway to upward mobility and figuring out how finest to pay out for it makes all the difference,” stated Jen O’Donald, senior vice president, Sallie Mae. “Which is why we continue to give no cost, best in course scholarship lookup applications to empower extra pupils and family members with the resources they will need to obtain their education.”
Additional guidelines from Sallie Mae to assist family members secure scholarships for higher training include:
Start out with the FAFSA. In order to qualify for a share of $150 billion in economical aid, which includes scholarships, learners and families should full the No cost Application for Federal Student Assist (FAFSA) as early as attainable. Sallie Mae lately released a absolutely free FAFSA application resource that allows college students and people entire the kind is as minor as 7 minutes.
Do not presume you won’t qualify. Scholarships are not just for athletes and valedictorians. There are scholarships for approximately every single fascination, pastime, or qualifications. For case in point, there are scholarships for being still left-handed, for carrying a duct tape costume to promenade, and for innovative plans to combat off a zombie apocalypse.
Scholarships are not just for incoming freshmen. In spite of the emphasis on acquiring scholarships when entering school, around 50% of accessible scholarships are for college students already enrolled. Regardless of whether a higher college senior, latest university scholar, or graduate school university student, study and apply for scholarships every single 12 months.
Every single dollar counts. Not each and every scholarship is likely to supply a total journey, but each tiny little bit will help. Try to remember: every single scholarship dollar employed to pay back for school is a greenback that doesn’t will need to occur out of pocket or be borrowed. No scholarship is too tiny.
Stay away from the cons. Hardly ever spend for scholarships, be wary of “confirmed” revenue, and never be lured in by websites or corporations that charge a price to entry scholarship purposes.
Sallie Mae suggests a 1-2-3 approach to spending for college or university: first, optimize income that does not want to be repaid, this sort of as scholarships and grants 2nd, check out federal university student loans and third, think about a accountable private university student mortgage.
For more ideas to uncover and apply for scholarships, look at out no cost Scholarship Research instrument or Graduate College Scholarship Research.
Sallie Mae (Nasdaq: SLM) believes education and lifestyle-long studying, in all varieties, help individuals accomplish great factors. As the leader in private college student lending, we give funding and know-how to support accessibility to college and supply items and sources to enable consumers make new plans and ordeals, past college, occur. Learn additional at SallieMae.com. Typically recognized as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or organizations of the United States of The us.
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