Top 3 Misconceptions About Scholarships

While the belief that the scholarship application process takes a long time is not entirely false, it is important for students to be shown the big picture. The survey reports that 84% of scholarship applications are completed within three hours; if an applicant were to win a US$500 scholarship for a day’s worth of work, they would have made $62.50/hour. So yes, the process can be time-consuming, but the time spent applying can certainly pay off.

Investing a few hours per day into scholarship applications can set a student up with enormous opportunities in the future. Thanks to new technologies, scholarship applications are becoming more unified, increasingly allowing students to apply for multiple scholarships at the same time.

The survey results indicate that 45% of students have problems finding a scholarship they are eligible for, reporting the process as “difficult” or “very difficult”. This is understandable, since there are simply so many different scholarship opportunities, but often it’s hard to sort through to find the relevant ones. Additionally, the survey shows that 75% of students are using scholarship information provided by their own university. This is good in one sense, but comes with a concern that universities may not be passing on information about the rising number of private scholarships on offer.

Students must therefore take it upon themselves to search beyond their university for external scholarships. One good way of keeping up is to subscribe to scholarship-based social media accounts and keep an eye out for daily updates. The options are out there, but it is up to everyone involved to work together to find them.

Thank you for reading! Let’s continue the conversation in the comments below! What are scholarship obstacles are you facing? What tips would you share with other students?

All graph images are courtesy of FluidReview.

Taylor Tomita is a creative writer based in Boise, Idaho, US. When he’s not writing you can find him traveling with his band or searching the town for good pizza.