Scholarships are a great way to help students pay for college, but they are not easy to come by. In fact, only 7% of students are likely to receive a scholarship, and only 1.5% of students will receive a full scholarship. That means that the odds of getting a scholarship are not in your favor.
However, there is still hope. According to the National Center for Education Statistics, $8.8 billion was awarded in need-based scholarships in the 2018-2019 school year. That’s a lot of money, and it’s available to those who are willing to put in the effort to apply for scholarships.
It’s also important to note that there are disparities in who receives scholarships. White students have a 14.2% chance of getting a scholarship, while minority students have 11.2%. This means that minority students have to work even harder to find and apply for scholarships.
So, while it is rare to get a scholarship, it is not impossible. With hard work and dedication, you can increase your chances of getting a scholarship. Start by researching scholarships that you may be eligible for, and make sure to apply for as many as you can. You never know when you might get lucky and receive a scholarship.
