If you plan on sending your child to college, you know that it’s expensive. The cost of an education rises each year. And, while you are hopefully saving up for college with the help of a savings account or a 529 plan, it doesn’t hurt to look for other ways of paying for school.
Scholarships can provide a way for your child to get free money for college. A scholarship can reduce the burden on you, as well as reduce the burden of student loan debt for your child. If you want your child to get a scholarship, though, you both have to start preparing ahead of time.
It’s important to work hard for decent grades, as well as to consider extracurricular activities and involvement. If your teenager starts at the beginning of high school to prepare to be eligible for scholarships, he or she is more likely to find success down the road. You can also start looking around at different scholarship options so that you know what your teen needs to work on.
You also need to start applying before your teen goes to school. Applying late in the junior year of high school, and in the early part of the your teen’s senior year, is often a good idea. Check scholarship deadlines to make sure that you are on track, and make sure to fill out the applications in order so that you don’t miss options.
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