November is National Scholarship Month. As a parent, there are ways you can help your student when it comes to securing scholarship money for college.
Keep your eyes peeled for opportunities. Not all scholarships go to just the star student or athlete. Keep your eyes open for scholarship opportunities at your workplace, through organizations where you’re a member, places where you volunteer, etc.
Share your financial picture. Be sure that your student is invested in the financial end of the college-planning process. Share the yearly cost, what student loans may need to be taken out to cover it, the interest rates, the monthly payments – all the details. This doesn’t need to be done in a way that’s disheartening to your student, but more to help them understand the importance of any scholarship money that can be had. Students are busy during their junior and senior years, and filling out scholarship applications is an easy thing to push aside when homework, jobs and activities are filling their time. Help them understand that taking time for scholarship applications is worth the effort.
Encourage organization. Again, with their busy lives, it’s easy for students to let their scholarship applications to get lost in the shuffle. You don’t need to step in and handle it, but encourage your student to figure out a way to organize their scholarship search and application process.