Reduce College Debt with Scholarships

Six Scholarship judges were sitting around an ovalwin the very first time.
table. Forms were piled into 50 boxes. Each one hadIf you are a junior or senior in high school, go for it.
the name of a state. I looked at the boxes andBut remember, your chances to win increase with
wondered why some of them were overflowing andevery ompleted application. You should start College
others had just a few. This was the first round ofScholarship Planning even if there is a chance your
judging. By the time the contest was over almostchild may decide not to go to college. But if the
16,000 applications would be examined. Some of thedecision is yes, you will have everything in place. And
comments were really critical, "Why did this personthe planning experience is more than filling out a few
bother to send in an application? It's so sloppy." "Thisapplications.
person put the wrong address on the envelope, evenAnother common concern is assuming your family
though the correct one is at the top of theincome is too high to win scholarships. Fact: 80% of
application." One had a cassette tape inside. Weall scholarships are need based and income related,
played it and it was a country song. The applicantbut 20% are not. This means millions of dollars are still
was a good musician.available. It makes good solid financial sense to make
That was twelve years ago, and many people still doan effort to win scholarship money regardless of
not know or realize that College Scholarship Planningincome.
could reduce or totally eliminate college financial debt.You should start College Scholarship Planning even if
One of the first questions I am always askedthere is a chance your child may decide not to go to
is,"When should we start looking?" Then somecollege. But if the decision is yes, you will have
answer their own question with, "I'll bet we're tooeverything in place. And the planning experience is
late already huh?" The ideal time is to start is the 8thworth more than filling out a few applications.
grade to freshman year. Good planning starts early,Always remember, the college cholarship effort is
but scholarships are posted monthly, and if you starttruly a family affair.
planning early, you have a chance to win big. Many