No one can apply for every scholarship. There just isn’t enough time in the day. I’ve met some people who have tried to apply for as many as possible and gotten burned out. To prevent scholarship application burn out and to increase your chances of actually winning scholarships, it’s important to have a way of determining how likely you are to win a scholarship so that you can concentrate on applying for scholarships that you have a greater chance of winning.
I have a scale from 1-20 that I apply to each scholarship that I find. I first give each scholarship a number from 1-10 based on how well I fit the scholarship criteria. For example, perhaps they’re looking for someone who is a leader and I’ve only done a few things that could fall under that category. I might give myself a 3 or 4 because it’s not a great fit. The next thing I do is give the scholarship a number from 1-5 on how local and specific the scholarship is. For example, if the scholarship is only open to women in my county, then I might give the scholarship a mark of 5 on that. The last criteria is measured from 1-5 on how well publicized the scholarship is. If it’s on every scholarship website then I would give it a lower score.
And that’s how you quickly and easily rank a scholarship in order to prioritize it!
This is an abridged version of a section from the e-book The Complete Guide to a Debt-Free Education . If you liked this post, consider buying The Complete Guide to a Debt-Free Education for the low price of $14.99!