Sources of Money 8: Club Scholarships or Collegiate Funding

Tuesdays we review a source of financial aid available to help you pay for college

Mark wanted to get his MBA. He worked for a bank who agreed to pay 80% as educational reimbursements. In addition, he earned another $60,000 in scholarships using graduate school search engines.

Advantages of Collegiate Funding

Club Scholarship (www.clubscholarship.com), also known as Collegiate Funding, provides additional tools to help you get money for college. Like many scholarship search engines, they offer:

Find schools by state (click a state on the map to see a list of colleges for that state sorted by “Four Year Universities” and “Community, Junior and Technical Colleges”. The list includes government, private, nonprofit, and for-profit schools

“Student” navigation provides information about choosing the school and paying for it

“Parent” offers information on how parents may save money and still give education

“Universities” describes the advantages and disadvantages of public vs. private schools

Lists specialty schools, online colleges, study abroad programs, & college vs. universities

Financial aid sources for undergraduate, graduate, and professional schools

Lists of state grants, scholarships, and student loan programs

“Grants” includes information about federal and other grants with links to several

A lot of the links go to the federal student aid web site sponsored by the government

Offers a survey to help you identify scholarship sources

Links you to All Ivy Writing Service Inc. for help with admissions essays

Tips and resources for international students including a link to the TOEFL test

Cautions About Collegiate Funding

We found very few cautions with Club Scholarships:

• States “Beware of online scholarship sites. While some offer legitimate information, others exist only to compile information that they then sell to private loan companies. To be safe when searching for funding, it is better to let CF do this research for you and to use our pre-screened sources.”
• Collegiate Funding focuses more on information and links to other web sites than sources of scholarships, grants, and loans.
• You will not find too many actual scholarships listed on the site

Thursday we discuss how your reusable master application helps for school admissions