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Scholarships for Students and Us!
Heather Cooper Milwaukee School Of Engineering
& Angela Sarni
Concordia University Wisconsin
Scholarships Are
A form of gift aid
Free money that doesn’t have to be repaid
Applied directly to tuition to help pay for college
The best way to pay for college
Who Can Get a Scholarship? Your students!
Scholarships are available for every kind of student
What are Scholarships Based On?
Qualities
Achievements
Luck
Qualities
Income Level
Major
Where the student or their parents work
Heritage or Religion
Hobbies or Interest
Community Service
Achievements
Academic
Athletic
Musical
Artistic
Volunteer
Other
Luck
What are the benefits of scholarships? They are free money that does not need to
be paid back
They are worth the time
One $500 scholarship won One hour spent applying
= $500 per hour!
Reduced Out-of-Pocket Expenses
$10,000 Scholarship
$10,000 Federal Student Loan
$10,000 Credit Card Debt
Interest Rate
0% 6.8% 19%
Interest Accrued
Over 4 years0% $2,720 $7,600
Total Repaid Over 10 years
0% $12,720 $17,600
Loan Repayment Examples
Unsubsidized Direct Loan
6.8% Interest Rate
Debt TermMonthly Payment
Total Interest Paid
Total Paid
$10,000 10 years $115 $3,810 $13,810
$20,000 10 years $230 $7,619 $27,619
$25,000 10 years $288 $9,524 $34,524
$30,000 10 years $345 $11,428 $41,428
$35,000 10 years $402 $13,333 $48,333
$50,000 10 years $575 $19,408 $69,408
Cost of Borrowing Each Additional $5,000 borrowed adds
Approximately $1,905 in interest
Approximately $57 to their monthly payment
*assumes 10-year standard repayment period and 6.8% interest rate
Where Do Students Find Scholarships?
High School Guidance Counselor
Local Searches
Financial Aid Office
Online Searches
High School Guidance Counselor
Great resources for local scholarships
4H
Library
ROTC
Local business
Lions Club
Local Searches
Churches
Civic Opportunities
Businesses
Employers
Government Agencies
Financial Aid Office (ways to
promote scholarships)
Scholarship Binders
Listservs/email accounts
Financial Aid Websites
List of Endowment Scholarships
Bulletin Boards
Facebook & Twitter
Financial Aid Office (continue)
List of Internet Websites
Provide Key words to search
Offer to review and give pointers on essays
Do Scholarship Presentations
Offer Essay Templates
Online Searches
Go College www.gocollege.com
Fast WEB www.fastweb.com
Fin Aid www.finaid.org
Scholarships.com www.scholarships.com
Super College www.supercollege.com
Avoid Scams
Fees
Private information requests
Strange contact information
Fake endorsements
Phone calls
“Guarantees”
How Do Students Apply?
Personal Assessment
Application
Essays
Letters of Recommendation
Interviews
Personal Assessment
Activities
Accomplishments
Future Plans
Character
ApplicationDo:
Include clubs and
organizations in which they
are involved
List other scholarships and
honors that they have
received
Check grammar and
punctuation
Research the sponsoring
company/organization
Don’t:
Use an unprofessional
email address
Include phone numbers
with unprofessional
outgoing messages
List the wrong scholarship
or organization name
Lie
Essays
Explain
Who the student is
Why they chose their major
The organizations, hobbies, or community service
they are involved in
What they hope to accomplish in their major and
their career
Examples:
Describe how they contribute to their
community and what they have learned
from their experiences
Describe an academic challenge they have
faced and how they have overcome it
Letters of Recommendation Choose the right people:
They should know the student well
Ask if they feel comfortable writing a positive letter of
recommendation
Asking an instructor who does not know the student well could
result in a bland, boilerplate, average letter of
recommendation
Carefully follow the instructions on the application—if it
requests a letter from an instructor, don’t substitute one from
a staff member
Provide the letter writer with:
Adequate time to write the letter Let them know the deadline
Resume
Transcript
Essay
Instructions on where to send the letter
Ask for more letters than are needed
Letters of Recommendation (continue)
Interviews
Research the company/organization
Compile revealing personal stories
Prepare questions to ask the interviewer
Prepare responses for anticipated interview
questions
Practice ahead of time
Send a thank you note after the interview
Tips for Success Apply if you are eligible
Follow all directions
Make sure it is readable
Proofread
Keep a copy
Meet deadlines
Ask for help
Keep a list
Remember the scholarship Trifecta Campus involvement Grade point average Community service
RECAP What are scholarships?
Free money for college Who can get a scholarship?
Your students! Where can you find scholarships?
Financial Aid Office High School Guidance Counselor Local Searches Online Searches
When should students apply? NOW!
Thank You!Heather CooperMilwaukee School Of [email protected]
Angela SarniConcordia University [email protected]