SWFG: Taking Advantage of College Scholarships
“Education changes lives and scholarships make it affordable.”
-Shay Spivey
Spring Semester brings excitement for Juniors and Seniors in High School in many ways:
|
· Prom · Spring Break · ACT or SAT Tests · ACT or SAT Preparation |
· Spring Sports · Summer Approaching · Decisions on College |
So, ACT and SAT are not so fun for students…
Also, while many students are looking forward to the excitement and anticipation of college, the thought of college expenses are “not so fun” for many parents. Shifting some of the “not so fun” college expense responsibility to the student may be a reasonable solution? How can parents and students work together to carry the financial burden? Scholarships.
Year-over-year there are hundreds of millions of dollars given out in scholarships, and this isn’t just involving academic or athletic scholarships.
In doing a quick Google search for “Strangest College Scholarships”, results included: Duck Calling Contest, Tall Club (for boys over 6’2” and girls over 5’10” …I missed that opportunity…), Vegetarian Scholarship, Beef Advocate Scholarship. There are scholarships out there for everyone.
Parents, make it a challenge, chore, or job for your children. Have them apply for one scholarship a day. Yes, they may apply for 100 scholarships, and maybe they are only chosen or granted 5 of them. But if those 5 scholarships give $1,000 apiece. That is $5,000 that will help in paying for college. For the 2021-2022 school year according to College Tuition Compare, the average cost of one year at a four-year in-state public college is $22,601.
Also, don’t let the dollar amount shy you away from applying. If you think the $200 scholarship isn’t worth applying for? Consider the following, if you spend 30 minutes applying for this $200 scholarship and receive it, that is a $400 hourly wage. What part time job pays that hourly rate?
We recommend making sure the student has “skin in the game.” Tell them they are responsible for $XX of their college education. The scholarship money is out there to help them pay for this.
Stribling~Whalen Financial Group wants to help make you aware of these opportunities. We found the following websites helpful to explore the opportunities that are out there for College Scholarships:
|
Locally: - North Georgia Community Foundation |
|
|
|
- Most Hall County School has a Scholarship Page on their Website: Cherokee Bluff, East Hall, Gainesville, Johnson, North Hall & West Hall - Have your child visit their guidance counselor to see what scholarships are available. |
||
|
Nationally: |
||
Please follow us on Social Media:
Regards,
Warren D. Stribling, IV, CFP®
Principal
warren.stribling@striblingwhalen.com
Brian E. Whalen, CFP®, CIMA®, AIF®
Principal
brian.whalen@striblingwhalen.com
Jacob Beauchamp, AAMS®
Financial Advisor
jacob.beauchamp@striblingwhalen.com
Any opinions are those of Stribling~Whalen Financial Group and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct.
Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.
