Finding Private Scholarships
Sign up for our FREE Monthly Email Newsletter
In addition to keeping in the financial know, you may be interested in checking your credit score and report.
¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.
²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.
³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.
4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.
Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.
In The College Solution, Lynn O’Shaughnessy provides an easy-to-use roadmap that you can use to find the right colleges (not just the most hyped) and to dramatically reduce your costs. In this excerpt, learn more about saving for college and finding private scholarships. If you’re interested in hunting…
In The College Solution, Lynn O’Shaughnessy provides an easy-to-use roadmap that you can use to find the right colleges (not just the most hyped) and to dramatically reduce your costs. In this excerpt, learn more about saving for college and finding private scholarships.
If you’re interested in hunting for private scholarships, here are some tips to increase your odds:
Reevaluate aiming for top scholarships. The best-known and most lucrative scholarships will be the hardest to win. Mega awards like the Coca-Cola Scholars attract a national audience, so the odds of winning will be miniscule.
Aim lower. It should be easier to win scholarships in your own community and region. Does your workplace offer scholarships to children of employees? Some unions also kick in money for the right student. Service organizations are good places to contact. Also check for scholarships in your high school’s counseling department. Visit the resource desk at the local library.
Explore online scholarship tools. Online scholarship locators will simplify your job. Once at the free sits, you can personalize your search by typing in your interests, accomplishments, and other unique aspects about yourself. The database will compare your profile with the requirements of countless scholarships and spit out a list of possibilities.
Here are three prominent scholarships search sites:
The most successful treasure hunters will be the ones who approach the scholarship process as a part-time job.
Know who is more likely to win scholarships. Mark Kantrowitz, who is publisher at Fastweb, shares in his slim book Secrets to Winning a Scholarship some of the characteristics of teenagers who are more likely to win private scholarships. Here are some of the factors that typically boost an applicant’s chances:
Kantrowitz suggests that students apply to all scholarships for which they are eligible. Who wins is a bit random, even among talented students, so applying to every scholarship that matches your background is the best way to maximize your chances of winning one. After your first half dozen or so applications, students find that they can reuse previous application essays, saving a lot of time.
Beware of scholarship rip-offs. Free college financial seminars can be ripe breeding grounds for rip-off artists. If you are dealing with legitimate professionals, they won’t promise that your child will win a scholarship or grant. Be skeptical of any testimonials that you hear from audience members. They could easily be planted in the room to generate sales.
How do you know if you are dealing with a shyster? According to the Federal Trade Commission, here are some of their telltale promises:
Learn more about scholarship scams at the Federal Trade Commission’s website at www.ftc.gov/scholarshipscams. To file a complaint with the FTC call (877) FTC-HELP. Other contacts, if you suspect a scam, are the local Better Business Bureau and your state’s department of consumer protection.
Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.