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KBR Retirement & Investment Solutions

Searching For Scholarships - Finding Ways To Pay For College

November 13, 2021


The cost of college today is a reach for most families–to say the least! Families can make the cost more manageable by understanding how to be an educated consumer. The ideal solution is finding ways to pay for college using other people’s money. Scholarships or “gift aid” are free money for college based on your student’s qualifications–their need, talents, traits, or interests. The giver of the scholarship determines what qualifications are required to receive their money.

Have the College Money Talk

First things first, if you haven’t already done so you need to have the “College Money Talk” with your young adult so they understand the ways to pay for college and just how important scholarships are to cutting the cost of college and keeping their student loans in check. As parents, we don’t always teach personal finance to our young adults, yet we are asking them to make one of the largest buying decisions of their lives at the age of 18.

Students want to be a part of the money conversation, they just don’t know how. Scholarships are one part of the college funding puzzle that they can 100% have an impact on. 

Have a scholarship search game plan

Finding free money for college will take some investigation on your part, but thanks to the internet and other resources that we will cover here you can find your solution. But you must have a game plan. You can’t control how many scholarships you will be awarded, but you can control how many you apply for.

In our experience, the hard part isn’t finding scholarships to apply for, it’s motivating your high school senior to do them on time! Put yourself in their shoes for a second. They just completed all of their college applications and essays and the last thing they want to do is more “paperwork” on top of their school work. Totally understandable!

Work with your student to set a realistic goal of applying for at least 6 to 8 scholarships that are a good match. Refer to this blog as a guide of places to get started in the search.

In this post, we’ll focus on how to find scholarships available from colleges and outside sources.

Start Local

When beginning your scholarship search start locally. By far, the easiest place to start is your high school guidance counselor. They have the inside track on applicable scholarships for you. Particularly, the smaller local scholarships which can really add up, and they often aren’t even posted online.

Local community groups and your high school very often are also a great resource for finding scholarships.

Search those groups you and your family are part of. Churches, employers, clubs, and societies are all looking to help students attain their college dreams and want to help financially.

Check with the College

Visit the college’s website and talk to the college’s financial aid office. Call, email, or make an appointment. Financial aid officers want you to attend their school so they will try to help you if they can.

We want to make a special mention here about colleges and the merit money they award to students. Many colleges have money to give to students who meet certain academic criteria with grade point averages and test scores. We also talked about that top 25% test score benchmark colleges are shooting for. Colleges are looking for the best students, and they are prepared to provide scholarship money to get them.

Search out those schools that award scholarships to every student who meets those marks. Believe it or not several schools in the south (University of AlabamaUniversity of South CarolinaUniversity of Mississippi/Ole Miss to name a few) offer great merit awards because they want to bump up their average SAT scores for new students.

You may want to consider some extra test prep services when you realize the value of a higher SAT score and how that translates into more scholarship money from the college you are interested in attending. Even a point or two can make a big difference.

We have dozens of universities here in New England that offer good merit money. The more desirable the school the more money they will potentially award. Don’t rule out schools based on the sticker price. Cast a wide net, keep your options open, and remember that the sticker price of a college is completely irrelevant. It is all about your “net price” to attend after gift aid is awarded.

Where do you search online for “Free Money”?

When it comes to finding ways to pay for college, Google can be your friend. Searching online for scholarships and ways to pay for college can be time consuming, but it can be worth your while and several search websites are very helpful. A few to consider:

Beware of any search engines wanting to charge you money for their services or that won’t protect your personal information. (This is a case when you may want to actually read those privacy rights…are they selling your information?)

A relatively new trend in scholarships are micro-scholarships. These are sites like who award your student small sums of money for various accomplishments during their high school years like a certain amount for an A and so on. These micro-scholarships can only be used at partner colleges, but if your college is on their list, you could find free money on these types of sites.

Final tips?


  • Apply for scholarships early on. You don’t have to wait until your senior year.
  • Be aware of scholarship deadlines. They vary throughout the year. Remember early is better!
  • Don’t discount those small dollar awards. They may have fewer applicants.
  • Don’t discount those scholarships that require a little extra effort. Again, they may have fewer applicants because of the extra requirements to win them.
  • Apply for as many as you can to improve your chances…minimum of 6 to 8.
  • Essays…we could do a whole blog post on essay writing, but we’re money people so better to do a little research on your own for essay writing tips. Search and apply for scholarships every year while you’re in college, not just the freshmen year.
  • Don’t give up!

Finding ways to pay for college through scholarships can be a valuable piece of your paying for college puzzle. Have questions? KBR Retirement & College Solutions is here to help answer them for you.