If you or your child is hoping to enter college in the fall, it’s a good time to be looking for a scholarship. Take the Ivy leap now.
Scholarship and grants form the bedrock of my college financing philosophy: Get as much of a discount upfront on college bills before you step inside those ivy-covered walls.
I’ve always disliked loans, which can hobble young adults for years. Grants don’t have to be paid back and should be your first financing option. There’s a method to the Ivy leap that takes a great deal of diligence. Scholarships don’t magically appear in the mail, and you’ll need to fill out a lot of forms.
For the persistent, taking the Ivy leap pays off. I know one young man who got enough scholarships to cover his first two years of college and he’s now working on getting the money for the rest of his degree.
There are few people who know more about landing college funds than Mark Kantrowitz, the founder of the college money search engines Fastweb and Finaid. Kantrowitz has distilled some of the tips he’s learned over the years in his new book Secrets to Winning A Scholarship.