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MAY
17
Out of the Nest

Out of the Nest

My daughter graduates from college in two weeks.  My how time has flown!  To think she was this little toddler with big, brown eyes and now, here she is, about to embark on her adult life. 

Her graduation from college makes me think about the debt she has incurred to attend.  Fortunately for her it's not as bad as others but still; debt is debt and she will have to pay it off. 

So, I found it interesting on Yahoo Finance, a young lady about to graduate from high school has cleverly accumulated over $500,000 in college scholarships, grant and award money from all the colleges she applied to.  Her mother, who is an expert in the field, has put together some tips for parents of high school graduates to use in their search for money to use for their children's education:

1.       Scholarship committees are looking for two things:  leadership and charity work - Committees love to see students engaged in their communities and love to reward students who have gone above and beyond.

2.       Merit-based Aid is your friend – Universities are eager to attract top talent and will often offer substantial tuition-reduction aid for student's with high academic performance.

3.       Start building your resume in your early teens – schools themselves and private committees like to see what you've been doing.  Key activities that are important are: sports, volunteer work, part-time jobs and community engagement.

4.       Don't wait until senior year to apply for scholarships – The prime time to start looking for scholarship opportunities are when your child is in middle school.

5.       Forget Google – Your friends and family can be a great source for scholarships – Many employers have scholarships and grants available to children of employees.

6.       Get colleges to pay you to visit – "fly-in" programs vary from school to school but some colleges will offer all-expenses paid campus visits while others will offer to reimburse families for travel expenses or academic credits.

The bottom line is there is a ton of ways to get money for college.  All it takes is some dedication and research on behalf of the parents and child.

 



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