How to Finance Your College Education
Let’s start with scholarships. There’s free money out there waiting for you to claim it! Apply to anything and everything if that’s at all possible. But since you’re not a supercomputer that can easily whip out scholarship applications, I would suggest applying to a few scholarships that offer large monetary prizes, and many that offer small monetary amounts. Your chance of winning $500 is much higher than winning $10,000. Also, small monetary scholarships really add up! Although, one benefit to winning a scholarship that has a large award (besides the obvious financial benefit) is its prestige. To be able to tell prospective colleges that you’ve won a $10,000 scholarship or even a $100,000 scholarship makes you the type of student they’re looking for (not that you aren’t already)!
Also, don’t forget to look at colleges that offer in-school scholarships! They’re the greatest ways to fund your college education. I’ve got a Bentley scholarship worth $33,030!!! A school that really wants you will try to buy you by giving you lots of money to attend! But don’t count on them literally paying you to go to school (i.e. giving you enough money that you can collect personal checks from them without giving them a dime).
Lastly, working your simple 10hr minimum wage job isn’t going to significantly help you finance your college education unless you attend a public school. You get more money, in the long run, if you win scholarships instead of wasting your time flipping burgers. Let’s do the math: you work 10hrs/wk for $8/hr to make $80 a week for 10hrs of work; instead, you can write a strong essay for a scholarship worth $500 within 5hrs and there you go! You’ve just made $100/hr. Simple huh? Now go out and apply for some of those scholarships that are waiting to be awarded to you. Doesn’t this look more appealing than flipping burgers, standing behind a register, or mopping the floors at a fast-food joint?
To start your scholarship search, check out our myCollegeSTAT homepage for our special offers and opportunities for cash-for-college.
