Parents: One of the best ways for your kids to cash flow their college education (yes, it’s totally possible) is by applying for scholarships. But the scholarship search can be an overwhelming and time-consuming process, especially for high schoolers who are already trying to balance school, extracurriculars and keeping up with their friends on social media.
Here are my top three tips you can give your kids to set them up for scholarship success.
Fill out the Free Application for Federal Student Aid (FAFSA)
Funds go unused every year because a lot of students get intimidated by the FAFSA form and don’t bother to fill it out—or they assume their family won’t get aid because of their income bracket. But the truth is, there’s no income cutoff to qualify for scholarships, and it’s always worth a try. (Remember, your teen wants the scholarships and grants available through the FAFSA. Not the loans.)
The form might look confusing at first, but it’s actually pretty simple when you go to fafsa.gov and follow the prompts. There are sections for you to fill out and sections for your teen to fill out, so do it together (there’s nothing like bonding with your teen over financial aid documents, am I right?). If you need some extra help, check out my Guide to FAFSA at anthonyoneal.com/resources.
Treat the scholarship search like a job search
I recommend that high schoolers spend at least one hour a day finding and applying for scholarships. I know that sounds like a lot, but if you think about it, the time they spend scrolling through Instagram could actually be used to make them thousands of dollars for college. Have them set a timer and just knock it out.
Some scholarship applications don’t need much more than your name and basic info—pretty painless! Others might want an essay or written responses to some questions, so you could always help your kids by proofreading their answers or bringing them some caffeine.
Here are a few ways your teen can look for scholarship leads:
Do the research
There are plenty of resources online and in print that can point your kids toward the best scholarships for their situation—they just have to be intentional and do some research. The free money is out there! Searching and applying for scholarships does take some serious effort, but it’ll really pay off in the long run when your child graduates from college with zero student loan debt.
Happy scholarship hunting!
About Anthony ONeal
Since 2003, Anthony has helped hundreds of thousands of students make smart decisions with their money, relationships, and education. He’s the national best-selling author of Debt Free Degree and travels the country spreading his encouraging message to help teens and young adults start their lives off right. You can follow Anthony on YouTube and Instagram @AnthonyONeal and online at anthonyoneal.com or facebook.com/aoneal.