Quick Answer: What Does A Scholarship Pay For?

How long does it take for scholarships to process?

Merit scholarship results are typically announced one month after the scholarship deadline.

Deadlines can be found on each scholarship webpage.

Need-based awards are announced on a rolling basis once your FAST financial aid application is complete..

Do you get money from scholarships?

How do I get my scholarship money? That depends on the scholarship. The money might go directly to your college, where it will be applied to any tuition, fees, or other amounts you owe, and then any leftover funds given to you. Or it might be sent directly to you in a check.

Can you lose KEES money?

The KEES Scholarship is awarded for the fall and spring semesters, one academic year at a time. If you ever lose your KEES money due to GPA and then regain the 2.5 overall EKU GPA, please contact the Scholarship Office to see if you have regained eligibility.

Do I have to pay back financial aid if I drop out?

Students who drop out of college may be required to pay back a portion of the federal student aid they received to pay for their tuition, such as a Pell Grant or the Stafford Loan. The amount due may be as high as 50% of the aid that the Department of Education determines was not used for classes.

How hard is it to get a scholarship?

Applying for scholarships is hard, but then so is applying for college admission. It gets much easier after the first half-dozen applications, since the student can reuse and adapt previous application essays. … Apply for every scholarship for which you are eligible to increase your chances of winning a scholarship.

What is the best website to apply for scholarships?

The 10 best scholarship websitesGoing Merry. Going Merry began in 2016 as a solution to make the process of finding scholarships simpler for students. … Fastweb. Fastweb was founded in 1995 and helped 270 students find scholarships on its first day. … Cappex. … The College Board. … Peterson’s. … Niche. … Scholarships.com. … Unigo.More items…•Dec 13, 2019

Can I buy a laptop with Pell Grant money?

While many people assume that Pell Grants are just for paying tuition, the funds can be used for much more. Any school-related costs, from room and board, to a new laptop, to travel expenses to and from school can be covered with Pell Grant funds.

Do scholarships expire?

Sadly, most scholarships will expire during this time frame. They are often considered “use it or lose it” and must be used during that particular award year. … Your scholarship may be one of the few that can be used at a later date or there may be other options regarding the award available to you.

Does raise me actually give you money?

Is it cash? The money on RaiseMe represents scholarship dollars from colleges and is applied as a traditional college scholarship would be – as a discount on your tuition when you enroll. There is no cash from RaiseMe or from any of our college partners.

Does scholarship pay for room and board?

Most student aid can be applied to a range of college costs, including tuition and living expenses. Grants, like scholarships, do not require repayment, making them ideal for needy college students. And because most college grants do not carry restrictions, they can be used to pay for room and board.

Does scholarship money go to your bank account?

Private scholarships may be sent directly to your college account or they may be sent to you in the form of a check or direct deposit into your bank account. If you win a scholarship and you’re not sure how you’ll receive the money—just ask.

What happens if you don’t use all of your financial aid?

When your school gives you financial aid, sometimes money is left over after your aid is applied to your tuition, fees, and other school charges. This remaining amount is called a credit balance.

What is the most KEES money you can get?

For each year you earn a 2.5 or better GPA, you can earn the base amount listed below. For instance, a high school freshman who earns a 3.5 GPA would have a $375 scholarship for each year of college. Amounts may change based on available funds….KEES Base Award Amounts.GPAAmount2.50$1252.601502.701752.7518715 more rows

Do scholarships only cover tuition?

Full tuition scholarships usually only cover the cost of education, which includes tuition, book fees and other education fees. However, these scholarships likely don’t offer help with room and board, living costs or travel costs.

Can you keep extra scholarship money?

Usually, a school will first subtract funds from the student loan component of the package, leaving any grant or work study money alone. However, students should always clarify with the school when they report a scholarship that they would like student loans removed from the package first.

What happens to unused KEES money?

Restrict KEES money used by college students to tuition, fees and books. Currently, if any money is left after those costs, the student receives a check that can be used for housing and food. … All students would have to fill out a federal student-aid form known as the FAFSA.

How long can you use KEES money?

KEES awards are available for a maximum of 8 academic terms and must be used within the earlier of attainment of a baccalaureate degree or 5 years from high school graduation. KEES awards can be used for the fall and spring terms only and are not available for summer coursework.

Do scholarships pay for meal plans?

Use scholarship money for your dorm room, meal plan and other living expenses. Scholarships are free monetary awards that students can use to pay for college.

Do scholarships have to be paid back?

Students do not have to repay grants or scholarships, which are considered gift aid. Grants are typically awarded by the federal government, states or colleges and are usually based on financial need.

Can you use scholarship money for personal?

In addition to using scholarship money to cover tuition as well as room and board, some scholarship providers allow you to use your winnings to cover any and all education-related expenses. Education-related expenses are items like textbooks, computers, transportation to and from school and student fees.

How much is the average college refund check?

Less than $10,000 of that goes to tuition, leaving students with refund checks of roughly $14,000 each year. While these refunds are intended to go toward educational expenses and living expenses – food, rent and utilities – no one monitors how students spend this money.