Don’t Let The Recession Stop You From Seeking College Scholarships


Although the money tap for college scholarships and grants has eased since last year, billions of dollars in funding remains available for current and upcoming college students.

Although the money tap for college scholarships and grants has eased since last year, billions of dollars in funding remains available for current and upcoming college students.

Read the news and you can quickly get the impression that tens of thousands, perhaps millions of students will be having a difficult time paying for their college education come this fall. With many schools increasing their tuition and with aid harder to come by, some students are likely to fall between the cracks and miss out.

Yes, some funding has been cut back as colleges and universities seek to preserve endowments which were shrunk by last year’s stock market collapse. Still, there are plenty of opportunities for students to get help in the form of college scholarships and grants, most of which are corporate, foundation, association or privately funded.

Billions In Scholarship Monies Awarded Annually

To be sure, billions of dollars in scholarship money is available each year, but not all of it is awarded. Sometimes there aren’t any eligible candidates who can apply for these funds or there could be funds left over because not all of the scholarship money has been awarded.

Your school’s guidance counselor should be able to provide for you a list of scholarships which will give you details of who is eligible to apply, amounts to be awarded and the all important application deadline date. But, don’t limit yourself to that list — instead, Google your way around to see who is offering college scholarships and grants; you may be surprised by what turns up. If you’re finding too much spam, enter that same search in “Google News” and you’ll get the latest news releases from organizations touting their scholarships.

Tylenol Offering College Scholarships Right Now

For example, with little effort on my part I learned that Tylenol (Johnson & Johnson Company) plans to award $250,000 in scholarships to students who have leadership qualities are perform well academically. Ten $10,000 and 30 $5,000 grants will be awared. But hurry, the deadline is May 15th! Tylenol says that winners will be selected by July 15th and funds released in August, just in time for the fall semester.

Apply Early and Often

One of the myths regarding college scholarships is that they are only available at certain times of the year. True, each program establishes their own deadlines, but you can find them all year long. Naturally, you’ll want to secure funding well before the semester starts, but if an opportunity comes up then grab it!

Some students are also under the impression that there is a limit to the number of college scholarships that can be applied for each year. That is flat out untrue. The only limitations on you is your time because you’ll need to write an essay and may need to secure some recommendations for each application. You’re better off applying for as many scholarships and grants as you can handle — you won’t be approved by everyone, but you’ll increase the chances that you’ll come away with at least some funding.

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Categories: College Budgeting