Vol 14, No. 1 - A NEWSLETTER FOR STUDENTS AND PARENTS - FALL 2000
Material in Beyond High School is published quarterly by the nonprofit College Planning Network, Campion Tower, 914 E. Jefferson, Seattle, WA 98122, (206) 323-0624.
President and Editor: Douglas J. Breithaupt; Designer: Jeff McClard; Illustrator: Kiam Wright; Web Designer: Charlotte West.
Material may be reproduced with acknowledgment of the source.
College Scholarships Attract New Money
What do you do if your personal wealth is more than you ever plan to spend? While this is a question that most people will never have to ask themselves, for the lucky few, a new trend has emerged. The answer for many with millions to spare is to start their own college scholarship foundation.
High profile money from dot.com and high-tech executives have certainly contributed to this trend. In Seattle, Portland and Spokane, new scholarship foundations are providing a growing source of money for college. At the same time, it's not just the mega-wealthy who have put their money into scholarships. Many working-class baby-boomers are deciding to 'give something back' by helping support higher education. While the reasons for this trend are varied, the primary motivation appears to be a genuine desire to make a difference in our society by leaving a legacy of scholarship support.
While these scholarships are a wonderful resource, it is important to review some of the realities of the scholarship process. Private scholarships are:
The remainder of this newsletter will discuss these realities
in detail and provide you with a clear picture of the role private scholarships
play in the financial aid process. The key with private scholarship is to
begin collecting information as early as possible. The freshman year in
high school is a good time to start. Once the student has been determined
eligible for a specific scholarship, every effort must be made to provide
the very best possible application. Students should leave themselves plenty
of time to complete applications and have family, friends and education
professionals review the application and offer constructive advice.