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Need Free Money for College? Avoid These 3 Mistakes
Do you know the 3 biggest mistakes both parents and students make when looking for free money for college that destroys their results? If you want to dramatically increase your chances of having your child’s college tuition and fees covered by scholarships and other college financial aid by avoiding these 3 college financial mistakes, read this right away because the mistakes and what to do instead are in this article.
Mistake #1: Starting Too Late
What is the error? The mistake here is to believe that students should wait until they reach their junior or senior year in high school before finding different sources of free money for college.
Why is it a mistake? This is a mistake because the longer a student waits before starting, the less time they actually have to research awards they will qualify to receive.
What should you do instead? Regardless of how old your child is, start now by creating a list of college funding opportunities. As your children grow, that list will also grow over time.
Mistake #2: Doing The Work Yourself
What is the error? The mistake here is to push yourself to find all the money for college you need. This leads to overwhelm and before you know it, you and your child have given up hope.
Why is it a mistake? This is a big mistake because to win at the game of finding free money for college, you’ll want to identify ways to accomplish this without having to do all the work yourself.
What should you do instead? Relationships are key here. Try to build a relationship with the college counselor at your child’s school and ask for email updates if any new scholarships cross their desk. This person is usually your greatest resource.
Mistake #3: Not Knowing The Numbers
What is the error? The mistake here is to find and apply for 30 or fewer scholarships to help you pay for college.
Why is it a mistake? This is a mistake because even the best student will win less than 3% to 5% of awards they apply for. That said, if a student locates and applies to 3 college scholarships or college funding opportunities, that’s 90 or so for the month.
What should you do instead? Be aggressive about finding as many credible sources of free money for college. Set a daily or weekly goal and stick with it until the question of how to pay for college quickly becomes a thing of the past.
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