How Many Scholarships Can You Get?

Are scholarships free money?

A scholarship is free money that does not have to be paid back.

Whether you are in high school or enrolled in college, we are here to help you research and find college scholarships..

Can you keep extra scholarship money?

Usually, a school will first subtract funds from the student loan component of the package, leaving any grant or work study money alone. However, students should always clarify with the school when they report a scholarship that they would like student loans removed from the package first.

When should I start applying for scholarships?

Federal Student Aid recommends that students start researching for scholarships the summer after your junior year of high school. If you have time and energy, you should even start before that. Every scholarship has different rules and different deadlines. Some even require submissions a year prior to starting college.

What happens if your financial aid is more than your tuition?

When your school gives you financial aid, sometimes money is left over after your aid is applied to your tuition, fees, and other school charges. This remaining amount is called a credit balance.

Can you use scholarship money for personal?

In addition to using scholarship money to cover tuition as well as room and board, some scholarship providers allow you to use your winnings to cover any and all education-related expenses. Education-related expenses are items like textbooks, computers, transportation to and from school and student fees.

Is there a limit to how many scholarships you can get?

When paying for college, always explore scholarship opportunities before considering federal or private student loans. College scholarships are free money that you don’t need to pay back. There’s no limit to the amount of scholarships you can apply for—so apply for as many as you can.

Can you get multiple scholarships?

There’s no limit to the number of scholarships a student can apply for or receive.

Can I use scholarship money for rent?

Most student aid can be applied to a range of college costs, including tuition and living expenses. Grants, like scholarships, do not require repayment, making them ideal for needy college students. And because most college grants do not carry restrictions, they can be used to pay for room and board.

Can you use scholarship money for dorms?

If you get the funds directly, or indirectly as a tuition refund, you can typically spend the money on education-related expenses like room, board or books. Some groups also approve scholarship spending on living expenses, like dorm room furniture or groceries.

What if I get too many scholarships?

If you earned scholarships and grants that amount to more than your total cost of attendance, your school may send you a refund. … Remember, scholarship money can be used to pay for any education expenses deemed necessary by your school. This could include books, laptops, lab equipment, housing, and more.

Is it hard to get a scholarship?

Applying for scholarships is hard, but then so is applying for college admission. It gets much easier after the first half-dozen applications, since the student can reuse and adapt previous application essays. … Apply for every scholarship for which you are eligible to increase your chances of winning a scholarship.

Do scholarships expire?

Sadly, most scholarships will expire during this time frame. They are often considered “use it or lose it” and must be used during that particular award year. … Your scholarship may be one of the few that can be used at a later date or there may be other options regarding the award available to you.

What if my scholarship is more than tuition?

In general, money used to pay tuition costs directly doesn’t count as income, while other funds do. … If you receive more in scholarships than the cost of tuition and other qualified fees, you’ll have to report the difference on your taxes. Don’t worry.

What happens to unused KEES money?

Restrict KEES money used by college students to tuition, fees and books. Currently, if any money is left after those costs, the student receives a check that can be used for housing and food.