Top ten myths courtesy of Mark Kantrowitz
- Only straight- “A” students win scholarships
- Only minority students win scholarships
- My child will get a full-ride scholarship
- Only athletes win scholarships
- Only the poor win scholarships
- Scholarships are just for high-school seniors
- The cost of private high school is earned back in scholarships.
- $6.6-billion in scholarships went unclaimed last year
- Colleges will just reduce other aid if a student has a scholarship
- Applying for scholarships is more work than it’s worth
…
My two cents
Myth 6: I have no idea how to go about finding college scholarships for younger students, including those that Kantrowitz says students can apply to “as early as kindergarten”.
Myth 9: I question this one if the “other aid” is need-based. Most schools do not permit a student to “stack” merit money on top of need-based money. Instead, a scholarship would simply reduce some or all need-based aid. Anyone in this situation should check with the specific college before assuming stacking is allowed.