Applying For College Education Prices Scholarships Acceptance

Wood carved and painted envelope with overflowing money.

Flickr user Jake Slagle

Getting a scholarship can be a boon to any student applying to college, but many students are not sure about the right time to apply. Should they apply for scholarships before getting accepted into a college or do they have to wait to receive the acceptance letter and only then apply?

Don’t Wait, Apply Now!

The short answer is you don’t have to wait for your college plans to be finalized or to be accepted into a college before you can apply for a scholarship. You can start applying to scholarship opportunities as early as your freshman year in high school.

However…

Here’s what you need to know though. If your scholarship application is successful and you win any award before knowing which college you will be attending, you need to inform the scholarship organization. They will then either keep the money on hold and only give it to you after you have confirmed which college you will be attending or they will write you the check right away to be used only on condition that you use it for college, regardless of where you attend.

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Lender Rates (APR) Eligibility
Sallie Mae logo.
1.13% to 11.23%1 Variable
3.50% to 12.60%1 Fixed
Undergraduate and Graduate
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Credibe company logo.
1.04% to 13.19% Variable
3.00% to 14.14% Fixed
Undergraduate and Graduate
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Lendkey company logo.
1.49% to 7.64% Variable >800 FICO
3.99% to 7.64% Fixed
Undergraduate and Graduate
VISIT LENDKEY
Ascent company logo.
1.82% to 11.32% Variable
3.27% to 12.46% Fixed
Undergraduate and Graduate
VISIT ASCENT
College Ave company logo.
0.99% to 11.98% Variable
2.99% to 12.99% Fixed
Undergraduate and Graduate
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3.47% to 6.11% Variable
4.60% to 7.40% Fixed
Undergraduate and Graduate
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Earnest company logo.
1.04% to 11.44% Variable
3.34% to 12.78% Fixed
Undergraduate and Graduate
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1.20% to 11.59% Variable
3.31% to 11.99% Fixed
Undergraduate and Graduate
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1Variable interest rates start from 4.12% APR to 10.98% APR. We also offer fixed interest rates from 5.74% APR to 11.85% APR. Click here for important information. Terms, conditions, and limitations apply.
College Raptor is not a loan lender and does not assume responsibility for suggesting a loan to a user who may not be eligible for it. Rates, terms, conditions, eligibility, approval, and other considerations are the decisions of the lenders and may vary depending on which lender or marketplace the user selects. We urge users to carefully consider and review all loan options and terms before committing to taking out a loan.

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