 They Fooled Me! Searching for Scholarships is a Waste of Time! As I was in a conference with a parent, she begin to explain to me how hard she and her daughter worked searching and applying for scholarships only to have nothing to show for it. After submitting hundreds of applications and spending several months going through a very tedious process they thought was the solution to their funding challenge, not one of the hundreds of applications submitted for funding were approved. She said, “They fooled me, the advice that I received from other parents, friends, and everyone else was wrong. We did all that work for nothing!” As a Certified College Planning Specialist, I see 1st hand the heart break and frustration that befalls those that depend on a process that is doomed to fail them. Each new year brings a new group of eager and unknowing parents and students searching for the keys that unlock the doors of unlimited scholarships. They are lead to believe that searching for scholarships will reap huge rewards for those that are willing to pay the price of submitting and applying. Unfortunately it’s a very common assumption and a very serious problem as students put their hope in a process that is greatly flawed and unpredictable. No doubt there are those small few students that apply for scholarships and actually receive one, but those are the very few who like winning the lottery, beat the huge odds that are stack against them. Here are a few things to consider: 1. Most students that receive scholarships do not search for them. For example, athletes and honors students do not search for money. It comes to them. Would you like to know how you can duplicate that process? 2. Only 2% of all funding comes from private sources. So why spend an enormous amount of time searching in the smallest pool of available dollars. 3. In most cases, private scholarship providers do not provide up to date notification of whether or not the scholarship that they offered two years ago is still available. 4. Most private scholarships do not notify the applicant that their application has been received once a student sends it in. The student has no idea whether or not it was lost, accepted, rejected, etc. Should students apply for scholarships? Absolutely! However, the rules have changed and putting a lot of time and energy into the unknown will end in disappointment. The best thing to do is to call me. Then we can discuss what options are available for that particular student instead of depending on hearsay and rumor. Funding a college education is easy if you know what you’re doing. What students did 20, 30 years ago no longer applies. Attend our next Free Teleconference this Monday at 7:30pm. We will be discussing why going on a college tour can be a waste of money if your child does not come back with a check! RSVP at www.tuitionreductionplan.com or call us at 248-230-9668. |
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