Happy National Scholarship Month!
At Students First Consulting, we love scholarships! We believe that everyone should have the opportunity to achieve their higher education goals, regardless of their circumstances, and scholarships help to make that happen.
National Scholarship Month is a time to celebrate the impact that scholarships have on students and communities. Research shows that scholarships have a positive impact on students' success. For example, a 2017 study by the Brookings Institution found that students who received scholarships borrowed an average of $11,000 less than those who did not. Scholarships also help students graduate on time and with less debt.
Scholarship providers should be commended for making a massive investment in students’ futures. The College Board reports that colleges and universities give out an estimated $46 billion in grants and scholarships each year, and private scholarship providers give out another $15 billion. These investments have significant long-term payoffs, as scholarship recipients are more likely to be employed and earn higher wages after college.
We encourage everyone to join us in celebrating National Scholarship Month and to support scholarship programs in their communities. Want to take action this month (or anytime!)? Here are a few ideas:
Donate to your favorite scholarship program.
Volunteer your time to help with scholarship application reviews.
Spread the word about scholarship opportunities on social media or with your friends and family.
Encourage all students you know to apply for scholarships (there’s a scholarship for every student - truly!).
Advocate for policies that support scholarship programs.
Together, we can help more students achieve their higher education dreams. And happy celebrating!
