Scholarship Myths Debunked

Most high school and college students recognize that a scholarship is a way to pay for school. But did you know that you can apply for scholarships whether you’re a high school senior or a college junior? If you’re interested in receiving money toward your education, check out these scholarship myths debunked. You may just be inspired to apply for a few!

Scholarships Have to Be Paid Back Like Loans

The best thing about scholarships is that you don’t have to pay the money back! Unlike financial aid, this money is a gift. It’s free money. All you have to do is apply!

Scholarships Are Only Available For Freshmen

You might think that the end of high school is the time to apply for scholarships, and if you didn’t get one, you missed your chance. While scholarships aren’t discussed as often after high school, the truth is, you can get them at any time, even as a college student!

Scholarships Are Only For People Who Need Them

While there are numerous scholarships based on need, not all of them are. After all, there can be a variety of situations in which students who don’t qualify for financial aid but still need money for college. Scholarships are open to everyone with all different financial backgrounds.

Scholarships Are Only For Really Smart People

There are indeed many scholarships that are highly competitive and awarded based on high grade point averages and major accomplishments. But there are also scholarships available for students who do decently in school, and have done a fair share of interesting things, but wouldn’t call themselves the best. You don’t have to be the greatest at any particular field in order to receive a scholarship.

Scholarships Take Up Tons of Time

While there are scholarships that will require you to write page after page of essays over a series of weeks, not all scholarships are this complicated! There are some you can complete in a single afternoon. That’s not bad, considering it’s free money. If you use Cappex to search for scholarships, you’ll be given an estimate on how long they will take to complete!

Good Scholarships Are Hard to Find

During the days before the internet, if anyone can remember those days, perhaps scholarships weren’t so easy to find. Back then, students might have had to go to their guidance office or career center where they would pick up packets of information, half of which wasn’t applicable to them. Today, searching for scholarships is a simple task that can be done in a matter of minutes. Finding scholarships for which you’re eligible are only a few clicks away.

Scholarships Are Hard to Get

Some of the best scholarships are incredibly difficult to land, but many of them aren’t! Local scholarships for example will have fewer applicants than national scholarships, which will increase your chances! You can find out how steep the competition is when you use Cappex to find scholarships.

Original Post Date: July 30th, 2012

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