Do Most Scholarships Go Unclaimed?
It’s no secret that college tuition is expensive and the cost of attending college continues to rise. As a result, many students are looking for ways to pay for their education, and scholarships are one of the most popular options. But did you know that many scholarships go unclaimed each year?
According to Forbes, the National Scholarship Providers Association reported that an estimated $100 million in scholarships go unused each year due to a lack of applicants. Similarly, the National Association of Student Financial Aid Administrators found that only about one-third of all available scholarships are awarded each year.
So why do so many scholarships go unclaimed? One of the main reasons is that many students don’t know where to look for scholarships or how to apply for them. Another reason is that many students don’t realize that they may be eligible for certain scholarships.
Fortunately, there are a few steps you can take to make sure you don’t miss out on any potential scholarship opportunities. The first step is to research the different types of scholarships available. There are many different types of scholarships, such as merit-based, need-based, and student-specific scholarships.
Once you’ve identified the types of scholarships you may be eligible for, the next step is to search for scholarships. There are many online resources that can help you find scholarships, such as the College Board, Fastweb, and Scholarship America.
It’s also important to remember that many scholarships have deadlines, so it’s important to stay organized and keep track of the deadlines for each scholarship you’re applying for. Finally, make sure to read the application instructions carefully and submit all required documents in a timely manner.
Don’t let your hard-earned money go to waste! With a little bit of research and organization, you can make sure you don’t miss out on any potential scholarship opportunities. Jan 31, 2023 is the deadline for many scholarships, so start your search today!