Getting the scholarships you need — Shaan Patel // Prep Expert

Shaan Patel, Founder of Prep Expert, delves into the SAT going digital and securing scholarships. When it comes to higher education, scholarships can be the key to unlocking opportunities without the burden of hefty tuition bills. From third-party scholarships to merit-based aid from universities, there are several options to make the pursuit of a college education more accessible and less financially daunting. Today, Shaan discusses how to get the scholarships you need.
About the speaker

Shaan Patel

Prep Expert

- Prep Expert

Shaan Patel is Founder at Prep Expert

Show Notes

  • 01:14
    Merit based scholarships and financial aid packages for college students
    Merit-based scholarships and financial aid packages are available from some universities while Ivy League schools only offer need-based aid. Students seeking scholarships based on their grades, test scores, and extracurriculars should apply to universities that offer merit-based aid.
  • 02:38
    The value of exploring university options beyond the Ivy League
    Most universities outside the top 20 offer merit-based financial aid and scholarships, unlike Ivy League schools. To maximize your opportunities, consider applying to a mix of Ivy League schools and universities that offer merit-based aid.
  • 05:50
    Applying for university merit based scholarships
    Most universities automatically consider applicants for merit-based scholarships and financial aid packages without a separate application. However, some universities require a separate application around the time of or shortly after your admission application.
  • 06:44
    Applying for scholarships from third party companies
    Between December and April, high school seniors should actively seek scholarships from companies like Coca-Cola, Toyota, and McDonalds. Many overlook these opportunities, but it's a chance for students to be rewarded for their hard work in academics and extracurriculars.
  • 08:01
    Applying for local scholarships
    Contrary to popular belief, local scholarships also apply to out-of-state colleges. Furthermore, local scholarships are less competitive than national scholarships. With fewer students applying for these scholarships, those who do have a higher chance of winning a local scholarship.
  • 10:10
    Scholarship resources and databases
    To find scholarship opportunities, use databases like Scholly, Fastweb, and UNIGO, where you can filter by state for local options. In addition, Coca-Cola offers national scholarships but reserves a certain number of scholarships for every state.
  • 11:25
    Prep Expert Digital SAT Playbook
    Shaan's upcoming book, "Prep Expert Digital SAT Playbook," focuses on strategies for the new digital SAT. The book launch event is online and will take place on Sunday, March 3. Interested persons can register for free on prepexpert.com.

Quotes

  • "The US Department of Education did a study that found that high merit students get 58% of their tuition paid for by merit-based financial aid." - Shaan Patel

  • "Ivy League universities only offer need-based aid. If you're looking for aid based on grades, test scores, and extracurriculars, apply to some universities that offer merit-based scholarships and financial aid packages." - Shaan Patel

  • "Most universities outside of the top 15 or 20 will offer a financial aid package that's merit-based." - Shaan Patel

  • "Local scholarships have literally 95% fewer applications than national scholarship applications. So, you've got an exponentially higher chance of winning local scholarships. " - Shaan Patel

  • "I got half a million dollars in scholarship offers because of my high SAT score. A high SAT score automatically makes you competitive for many scholarships and makes you stand out." - Shaan Patel

About the speaker

Shaan Patel

Prep Expert

- Prep Expert

Shaan Patel is Founder at Prep Expert

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