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From: Julie in MN (209.162.49.5)
Subject:         Re: scholarships
Date: February 13, 2010 at 8:39 am PST

In Reply to: scholarships posted by Vicky in KS on January 8, 2010 at 8:15 am:

Vicky,
I know some former Girl Scouts who got scholarships based on volunteer work from small places such as dad's workplace, bank, or veteran organizations.

However, make sure that your income is VERY low or VERY high, and your child's grades aren't super-high before you work too hard at scholarships. You see, if your student tested high, the college will likely offer a needs-based grant at the highest dollar amount that your FAFSA shows you "need."

Every dollar that you get from scholarships will take a dollar away from that grant, because your "need" remains the same and the scholarship is meeting part of the "need."

Now, if you have no grant, or if you have more scholarships than the grant would have offered, then you are going to benefit from the scholarship. But my son's Army scholarship did him zero good, and in fact caused us to have to pay $2,000 more out-of-pocket than the original offer with the grant, due to cut-off situations & Army timing (during his first year).

Just a heads-up.
Julie


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