Financial Aid Expert Mark Kantrowitz Exposes Myths about College Scholarships

Barry Lenson

Financial Aid Expert Mark Kantrowitz Exposes Myths about College Scholarships

Myths about College Scholarships We just found a terrific post entitled “Top 10 Myths about College Scholarships,” written by Becky Supiano on the Chronicle of Higher Education’s Head Count Blog. 

In her post, Supiano covers a speech given earlier this month at the NACAC conference by Mark Kantrowitz, who publishes the FinAid.com website. We urge you to set aside a little time to read the whole post and absorb Kantrowitz’s dissection of common scholarship myths.

But until you do, here’s a brief rundown of a few of those myths and how they could be fooling you . . .

  • Myth: Only students who earn straight A’s in high school get scholarships. Actually, there are plenty of scholarships for students who earn B’s and even C’s.
  • Myth: Only minority students win scholarships. The reality is that white students are disproportionately more likely to get them.
  • Myth: Your child can get a full-ride scholarship. In fact, only 0.3 percent of students get scholarships that pay for 100% of college costs.
  • Myth: Only poor people get scholarships. Kantrowitz says that students from middle-income families are most likely to get them.
  • Myth: Applying for scholarships is more work than it is worth. Not so, according to Kantrowitz. He says that applying for most scholarships is actually not very time-consuming.

And here’s a little more helpful advice . . .

In his talk, Kantrowitz said that students tend to avoid applying for scholarships that require essays – and that makes those scholarships just a little easier to win.

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