How to Get Free Money for College

by Mark P Cussen CFP CMFC
Get Free Money for College

When you're searching for funds to cover tuition costs, don't forget private scholarships. The following are some options that may be available to you--that you may never have thought about.

After you have exhausted your possibilities with public and government scholarships, you can look to private scholarships for additional aid. Most of these are for around $2,000, and the average student applies for five to six of them. Best of all, the student doesn't have to be a genius, future professional athlete or musical prodigy to get one.

The Ayn Rand Institute offers 521 different awards for aspiring entrepreneurial students. The awards range from $30 to $10,000, and they can be won by writing an essay on one of Rand's novels.

Talk to your high school guidance counselor and the financial aid officers at your prospective schools. They will be knowledgeable about the various scholarships available that you might never run across yourself. The Internet is another resource: visit fastweb.com for a list of over one and a half million scholarships now available.

You will probably get the most aid by staying local. Your parent's employer, your own employer or another local organization may have something to offer local students.

About the Author

I am a Certified Financial Planner with about 13 years of experience in the financial industry. I have worked as a stockbroker, income tax preparer, financial planner and loan officer. I am also involved in a venture capital enterprise in the oil and gas sector.