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The College Solution: A Guide for Everyone Looking for the Right School at the Right Price by Lynn O’Shaughnessy

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43. Capturing Private Scholarships

You cannot make footprints in the sands of time while sitting on the beach.

—Nelson Rockefeller, former U.S. vice president and governor

If you’re motivated, billions of dollars in private scholarships are waiting for you to chase after them. Luckily, all this money isn’t just reserved for the egghead kid who will eventually have to decide whether he or she will turn down the admission offer from Harvard or Yale. Plenty of regular kids can earn them too. But ultimately, only about 7% of students win one.

Before learning more about private scholarships, however, you need to appreciate some of the harsh realities about these prizes. Private scholarships are often only awarded for one year. So if you work really ...

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