Maria Estarellas

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What You Should Know About Scholarships

When it's time to go to college, the word "scholarship" is confusing for both students and parents. We automatically think about student loans, FAFSA, tuition and fees, EFC, grants, and work study. But what we don't realize is that knowing more about the scholarship process could save us thousands of dollars when trying to cover the cost of our kids' education.

Scholarships are "free money" given away by the government, private institutions and organizations, charitable foundations, schools, universities, clubs, etc. Unlike loans, scholarships are not repaid to the scholarship provider.


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