Every year, billions of dollars in scholarships go unclaimed. Several investigations have been initiated to determine why these scholarships go unclaimed. The concessions of these studies show that many kids are weak in their abilities to search for scholarships that can be used to fund their college education.
Scholarships are offered from many sources. Both government and private institutions offer scholarships for various reasons. Many kids benefit from scholarships based on the economic condition, ethnicity, academic achievement, physical capabilities and social talents. These scholarships come in the form of partial, onetime and full scholarships. All types are based on the intention and financial capabilities of the sponsor.
How to Access the Best Scholarships for Kids
As the quest for education continues, kids are always seeking the best financial option that can provide them with the requisite financial backing needed to complete their studies. Scholarships offer kids the best option of financial support as there is no need to repay this form of funding after completing college. However, some basic steps must be made to secure the best scholarship. These steps include:
- Establishing an attitude of excellence: Kids must strive for the best if they hope to be at the forefront of those being considered for scholarships.
- Scholarship search: Scholarships are offered for all types of reasons. Many public libraries and scholarship search engines can provide a list of available scholarships.
- Seek counseling: One of the easiest places of learning about scholarships is from the counseling department of your school.
- Enter scholarship contests: Kids who are strong in public speaking and writing can benefit from scholarship competitions. These scholarship contests usually require students to write essays about topics suggested by the scholarship committee.
- Military scholarships: the military provides many scholarships to kids in exchange for their service.
Scholarships from private entities
Many private entities contribute to the billions of dollars in scholarships offered to kids. These include:
1. AT&T
Through its Labs Fellowship program, AT&T offers scholarships to both women and other minority postgraduate kids. They also offer scholarships to many African-American kids and children of AT&T fulltime employees.
2. Bank of America
Bank of America offers a 1-year competitive scholarship for study at college and vocational schools for dependents of employees. This scholarship range from $1000 to $500 per annum based on academic achievements and financial need.
3. Best Buy
Best buy offers a series of $1500 scholarships that targets 1000 students located in the US and Puerto Rico. Scholarships are awarded based on academic achievement and volunteer work.
4. Coca-Cola
Being one of the largest fortune 500 companies, Coca-Cola offers millions of dollars in scholarships each year to both needy and talented students.
5. Exxon
Each year, Exxon partner with the SECME schools to offer scholarships to minority students in the field of engineering and agriculture.
6. Ford motor
Ford motors offer three $10,000 scholarships participants of the PSA program in the fields of engineering, sciences, math and technical studies.
7. General Electric
General Electric gives legal US resident students scholarships with a GPA of 3.5 and higher. Students are selected based on academic performance and their prospects for the future.
8. JP Morgan
JP Morgan scholarships targets New York students participating in two or four year degree programs. Their scholarship covers tuition, books and paid summer internships.
9. McDonalds
So far, the Ronald McDonalds House of Charities has contributed over $29 million in scholarships over the years. To qualify students must be under 21 and participate in local chapters of the foundation.
10. Wal-Mart
Since the direct involvement of Sam Walton, Wal-Mart has been consistently offering scholarships to the many communities in which their stores are located.
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