Search for Scholarships
“Think of any major, specialty or talent and chances are there’s a scholarship program intended for it. High school seniors, returning college students and their parents should consider this route as a source for financial aid – especially if their college will be minimizing its financial aid offers.
Most deadlines range between October and March. Stick to free scholarship search engines, such as Sallie Mae’s Scholarship Search and FastWeb.com. And reach out to your local community and clubs you’re involved in.
However, should a student’s total financial aid exceed his financial need by more than $300, certain types of , like the Perkins loan and the SEOG grant, could be reduced, says Mark Kantrowitz, founder of FinAid.org, which tracks tuition and financial aid changes, and publisher of FastWeb.com. Make sure that you’re using scholarships to replace federal loans and you’re not losing out on free money that you don’t have to repay – like grants.”