Scholarship money is easy to find, in that many private, public, and government sources provide assistance. Scholarships are provided on a one-time basis, automatically renewed, or renewable each year based on providing proof of meeting certain criteria, such as GPA or athletic achievement. In some cases, a scholarship could be withdrawn if the recipient does not continue to meet his or her obligation toward funding. Accounting majors can receive money from multiple scholarships, so increase your odds by applying to as many scholarships as you can. The only downside to receiving a lot of college scholarship money is that the government might consider this amount when packaging your award amount.
Most scholarships are awarded based on academics, athletics, need, and merit; however, there are corporate awards, gender-specific, and minority-based scholarships; even funding for tall and short people is available. To find out more about different types of scholarships, search the web for more details.
Private donors sometimes establish college scholarship funds and give money to a student based on the personal criteria they have set. Award money could range from a couple hundred dollars to thousands, so check with your local schools or search the Internet to see whether any private scholarships exist for you. The average scholarship from a private donor is $20,000-$60,000.
States provide college scholarship assistance based on financial need, academics, and talent or merit.
Some awards are criteria-based, reserved for children of state employee credit unions, city foundations, and disability-related awards for people with epilepsy or hemophilia and the blind. The amount of the awards varies, as do selection processes and deadline dates. Check with your state education office website for more information.
Many companies provide scholarship assistance to the children of employees; however, others provide aid to the public.
AT&T, Pfizer, and Caremark are examples of businesses that provide public college scholarships. These scholarships are typically based on merit and awarded to people who plan to specialize in a certain field, such as biotechnology, optometry, or medicine. Award money is generous, between $5,000-$10,000.
Government agencies provide scholarship money as well, to children of employees and the public.
The ROTC, or the Reserve Officers’ Training Corps, provides generous, competitive, merit-based scholarships that are awarded to high school students who plan to enroll in a branch of the service. The length of the scholarship can vary; however, the award can be up to $70,000 a year for college expenses. The ROTC might also provide additional scholarship money for books and monthly stipends.