According to the National Center for Education Statistics, only 41% of students graduate college within 4 years. With each additional semester, tens of thousands of dollars add up. According to data from the University of Texas, those who graduate in 6 years instead of 4 spend 40% more than those who graduate in 4 years.
Multiple things can cause this, but a few of the most common reasons are changing majors, transferring, or taking unnecessary courses.
Many times students choose a college that they know little about. Their entire decision may be made based on a one-time visit or virtual tour. Many students forego the time consuming process of researching important information, such as:
Families don’t often think about this until it’s too late, but grades and standardized tests are the biggest way to scholarships. When scholarships are based off of grades and test scores (that are standard across the board), those last for all four years of school. Multiply the dollar amount of the scholarship by 4 and that’s a lot of money!
But what if it’s too late? What if you can’t go back and fix your grades or re-take standardized tests? People often think of scholarships when a student is applying or has already applied to their schools (typically Junior-Senior year).
Don’t worry, there are other options for you.
At this point, it’s about taking matters into your own hands. Applying to scholarships is truly a job in itself. You have to search, write essays, fill out applications, and they may even ask for a video...