Page 42 - Admissions Logistics 2020

WHERE DOES SCHOLARSHIP MONEY COME FROM
Out of of of all the the the money money available to pay for for a a a a a a a a a a a a a a a higher education approximately 80% comes from the the the federal government in in in in the the the the the the form of of of of grants and loans All of of of of that money money money is need-based Nineteen percent of of of the the the the remaining remaining money money comes from from the the the the colleges themselves through merit-based programs The remaining remaining 1% originates from from outside sources including private scholarships Most of of of the the 1% 1% from outside sources is is is also given to those who can demonstrate they need need it it In actuality only 1/10th 1/10th of of of of 1% 1% 1% of of of of all all college funding funding is is is is not need-based funding funding Why is is is is that that 1/10th 1/10th of of of of 1% 1% all all that that is is is available for non-need based based students? Let’s look at at at it it from a a a a a a a a a a a a a a different standpoint Suppose you you were giving $5 $5 000 000 to to to a a a a a a a a a a foundation so that that it could be administered in in in the the form of of scholarships Would you you you want that that that that $5 $5 000 000 000 000 per per per year year to to to to to go to to to to to the the child of of an an upper-middle-class family family family that that that earned earned $75 000 000 000 000 to to to to $150 000 000 000 000 per per per per year? Or would you you prefer that that that it went to to to to a a a a a a a a a a a a a a a a a a a student student from a a a a a a a a a a a a a a a a low-income family family family who who earned earned $35 000 000 000 or or less less per per year year – a a a a a a a a a a a a a a a a student student whose family family family was less less likely to to to to to be able to to to to to send them to to to to to college? Obviously if you you you you were to to to to to leave your your money money for such a a a a a a a a a a a purpose you you you you would want your your money money going to to to to to to the the student who needed it it most The good news news (or bad news!) is is that it it is is becoming increasingly difficult for for everyone to to to pay for for college and thus easier to demonstrate your need Perhaps you’re considering that that 1/10th of 1% as a a a a a a a a a a a a a possible source for for college funding but that that money is also hard to obtain because the criteria for for for receiving it it can vary widely There are scholarships for for women Armenian students and children of Merrill Lynch employees The The funding can be be be hard to to obtain because the the student student must not only meet the the requirements but also be be be able to to demonstrate a a a a a a a a a a a a a a a a a special aptitude for learning and and succeeding in in in in in in college Students with the the the highest highest test scores and and the the the highest highest GPAs are are the the the ones who are are awarded this type of funding This is is is is is is not to to to discourage you you from applying though When it it it comes to to to scholarships apply apply for for anything for for for which you you you meet the criteria The worst anyone can say is is is is is no no and it it it it is is is is is better to to to try for for for funding than wonder if you you would have gotten it it Scholarships are another brick on the the the the road to to to college college and and need to to to be be tread with the the the the same level of commitment as every other other other step The similarities between applying to to to college college and and and scholarships are remarkably similar similar and and and by doing one you you will will learn about the the the other other On a a a a a a a a a a a a a a a a a a a a a more technical level most will will will require you you to to fill out out an an an an application and and have have a a a a a a a a a a a a a a a a a a a a a a a letter of recommendation You will will probably have have to to to write an an an an essay as as well In short follow the same same rules as as applying to to to colleges The same tactics and principles hold true for scholarships Scholarships are hot commodities if you you you intend to apply for one get your application application in in in as as as as early as as as as possible or or you you you you may may be left out Scholarship Scholarship committees look at at at at last-minute applications as as as as reflective of the the the person who wrote it it If your application application came in in just under the the the wire they may may assume that is how you you complete assignments 30