Use These 7 Ways to Get Money for College

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THINKSTOCK

With college tuition skyrocketing, pursuing your educational dreams may seem out of reach. The average student carries nearly $29,000 in student-loan debt. However, you don’t have to be part of this statistic. Each year companies and organizations give away millions of dollars in scholarships to deserving students.

In 2004 I earned more than $100,000 in scholarships to pay for not only my undergraduate studies but also my law degree. I searched and applied for scholarships with the help of guidance counselors and online resources. Despite receiving rejection letters for an entire year, I persisted through these financial obstacles. Now I have no student-loan debt.

Whether you apply for a $1,000 or $20,000 scholarship, invest your time and talent in showing judges how your education will benefit society. If you’re not willing to help others, why should someone assist you with your college expenses? So make sure you highlight your community service.

Ramp up your search and earn some cash. Here are seven creative ways to find money for college:

1. Social media. If you’re already scrolling through your tweets, use Twitter to locate scholarships. Search using hashtags like #scholarships, #college and #financialaid. To stay up-to-date on the latest opportunities, follow @prepforcollege and @volunTEENnation. You could also start a Facebook group dedicated to finding free money for school.

2. Crowdfunding. Last year a Boston University student raised more than $8,000 to help pay for her tuition fees through crowdfunding. Take advantage of your online presence. Enlist your family and friends to spread the word. When you ask for money, don’t be shy; treat people’s donations as an investment in your future. Start your campaign today with one of these sites: ScholarMatchGoFundMe or YouCaring.com.

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Source: The Root |