Scholarships 101

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How To Get A Big Payoff From College Scholarships

Posted November 26, 2008 - 15:34 by Julie Rains

Personal Finance

students at graduation ceremony

Winning a scholarship takes effort, even to snag an award that is relatively small ($500-$1,000) compared to the cost of attendance at a state university (more than $16,000 per year). But, depending on your financial circumstances, you'll save on tuition now, and reduce the interest and principal on student loans later. And, if you can acquire multiple awards (which is easier once you land the first scholarship), you can rack up big savings. Even as an information junkie, I find sorting through the volume of information on scholarships overwhelming. So, I decided to get professional help. Here's what I learned.

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