How Often Should I Apply For Scholarship Programs?

Drawn on watch - ever wonder how often you should apply to scholarship programs?

Flickr user David Davies

When it comes to paying for college, every little bit counts. And scholarships can help more than just a little bit. So it begs the question: how often should you apply for scholarship programs?

The short answer is you should apply for scholarships as often as possible.

Consider these two features of scholarships:

Scholarships are the Best Way to Pay

Scholarships are a way to get free money towards your college education. When you get money through a scholarship you do not have to worry about accruing interest rates or how you are going to pay it back. You may have to put in the work to win the award but once you do, that money is yours.

Green earnest logo.

Jump into next semester with a no-fee, flexible private student loan

Variable rates from 0.99% - 11.44% APR with auto-debit

Learn More

Apply for as Many as You Can

There is no limit to the number of scholarships you can apply for. There is also no limit to the amount of award money you can win. This means you can apply to any and all scholarships that you qualify for.

Scholarship Programs Take Time and Effort

However, there is a caveat to applying to too many scholarships. Looking for and applying to scholarship programs can take time. You do not want to spend all of your free time looking for opportunities and writing out unique essays for each. Use your time wisely. Factor in time spent on your school assignments, extracurricular activities, social life, and personal commitments and accordingly set aside some hours every week to scholarships.

Use College Raptor to discover personalized college matches, cost estimates, acceptance odds, and potential financial aid for schools around the US—for FREE!

 

Lender Rates (APR) Eligibility
Sallie Mae logo.
1.13% - 11.23% Variable
3.50%- 12.60% Fixed
Undergraduate and Graduate
VISIT SALLIE MAE
Credibe company logo.
0.99% - 11.99% Variable
2.94% - 12.99% Fixed
Undergraduate and Graduate
VISIT CREDIBLE
Lendkey company logo.
1.13% - 11.23% Variable
3.50% - 12.60% Fixed
Undergraduate and Graduate
VISIT LENDKEY
Ascent company logo.
1.51% - 9.09% Variable
3.24% - 11.33% Fixed
Undergraduate and Graduate
VISIT ASCENT
College Ave company logo.
0.99% - 11.98% Variable
2.94% - 12.99% Fixed
Undergraduate and Graduate
VISIT COLLEGE AVE
2.93% - 5.67% Variable
4.35% - 7.15% Fixed
Undergraduate and Graduate
VISIT ISL
Earnest company logo.
0.99% - 11.44% Variable
2.94% - 12.78% Fixed
Undergraduate and Graduate
VISIT EARNEST
1.20% - 11.52% Variable
3.20% - 11.99% Fixed
Undergraduate and Graduate
VISIT ELFi
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.

Leave a reply

Your email address will not be published. Required fields are marked *