Unlike loans, scholarships don't have to be repaid. They're generally awarded for merit in academics, athletics or a particular field of study. But scholarships exist for students of seemingly any interest, career choice or ethnicity-offering nice sums of cash for everything from playing lacrosse to being Laotian.
Who Awards Scholarships?
Many scholarships are awarded by colleges-for their students only. But thousands of other scholarships are given through such diverse sources including:
- High schools
- Civic groups
- Religious organizations
- Not-for-profit charitable foundations
And despite what you may have heard about businesses and corporations caring only about the bottom line, they award millions of dollars of scholarships to families like yours each year simply out of a desire to serve their communities.
Getting a Scholarship
Start your scholarship search by approaching your target university's financial aid office. Next, check with possible sources of scholarship funds about eligibility and the application process. To save time, search Web sites such as FinAid, FastWeb, and Scholarship Resource Network Express.
In addition, SLFC is also proud to offer its own scholarship, the Tom Steele Memorial Scholarship. Have a question about your quest for scholarship money? Contact Us.