We at ScholarshipInstitute.org know that the cost of college can be a big problem for many students. So, we’ve put together a long list of scholarships for students from a wide range of backgrounds and situations. Our goal is to help you find the resources you need to reach your academic goals, whether you are a high school senior starting out on the path to college or a current college student looking for extra financial help.

How do you get a scholarship?

A scholarship is a type of financial aid given to students to assist in their education costs. Scholarships unlike loans do not have to be repaid. Scholarships can be given for academic excellence, financial necessity, community service, or particular aptitudes and hobbies depending on several standards. Schools, commercial businesses, nonprofits, and government entities are just a few of the places they might originate from.

How to apply for scholarships

• Do some research. First look at scholarships that fit your particular experience, hobbies, and credentials. Search for possibilities catered to your requirement using internet scholarship databases such as Scholarship Institute.org.
• Get the things that are needed. Every scholarship application could call for transcripts, essays, letters of recommendation, or proof of financial need. Get these ready to simplify the application process.
• See if you meet the requirements.  Examine the qualifying conditions for every scholarship closely to be sure you satisfy them before applying. This will enable you to concentrate on scholarships that fit you really well.
• Follow the due dates. Give application deadlines great thought and send your materials far in advance. Late or incomplete applications are usually disqualified, thus keeping timely and orderly is really important.
• Apply for more than one scholarship. Apply for several scholarships to raise your possibility of getting financial aid. Little accolades can mount up and significantly affect your school costs.
• Follow up. After you send in your applications, follow up with the scholarship sponsors to make sure they got your papers and to find out the state of your application.

Can you tax scholarships?

Scholarships spent for school expenses including tuition, fees, books, and supplies most of the time are not taxed. That portion of the award may be taxed as income, though, if you spend scholarship funds for purposes unrelated to education, such as travel or lodging and board. See a tax professional or review IRS Publication 970 to see how your particular scholarship rewards will impact your taxes.

Frequently Asked Questions