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Another Scholarship!

April 17th, 2018 at 06:24 am

My oldest daughter has a four year scholarship worth $14K per year, along with a $500 Honor's Scholarship. She also had another scholarship her freshman year (worth $1-2K). These have helped tremendously the first two years since we pay out of state tuition. This year, her third year, the Post 911 GI Bill has paid the difference after scholarships, along with a book and housing stipend. We have paid very little out of pocket this year. I need to do an update on that here soon.

We have been notified she is receiving an art scholarship next year worth $1500. This will be divided in half, so worth $750 per semester. This is most significant for the spring semester, as she will not have Post 911 GI Bill benefits to use, thus everything after scholarships is ours to pay.

We expect our daughter will be going an extra semester (Fall 2019) because she is a double major. That semester will be the most expensive, or possibly the least expensive. Scholarships will have run out (unless awarded a new one), thus the entire out of state tuition will be on our shoulders. She has been averaging 17 credit hours a semester, so the cost could be almost $20K. We do not have the money now and expect her college funds to be depleted by then. We are starting to think it would be in the best interest to move more of my husband's Post 911 GI Bill benefits to our oldest daughter just in time for her final semester. And then that benefit covers the entire tuition!

Our youngest daughter will be receiving in state tuition. Yes, her college is in another state. Smile Her tuition after scholarships is $3500 PER YEAR for the first two years, for 12 credits or more. The remaining two years will be higher as an engineering student, around $1500 per year, or $4500 TOTAL per year. Again, this is not including housing. Honestly, we can totally cover tuition out of pocket for her even in those higher cost years.

Our thinking now is to move more of the GI Bill benefits to our oldest daughter because the benefit to us financially is much higher.

At any rate, just excited our daughter was awarded a scholarship! Part of it will benefit our us directly, the other benefits the US taxpayer...paying less out of the GI Bill funds to the university.

In other news, received $10 Diamond Class Action settlement. Apparently enough leftover funds from several years ago to make another payout! I also sold a book on eBay last night, so few extra dollars there.

I sort of felt like a money magnet yesterday!

10 Responses to “Another Scholarship!”

  1. Rachael777 Says:

    CONGRATS!! happy news.

  2. Rose. Says:

    That's great!

  3. Wink Says:

    The number and amounts of these scholarships is really impressive! I'm sure you are very proud of their accomplishments! Way to go!

  4. rob62521 Says:

    That's nice you had a good feeling of money magnet. So glad you and your family received that tuition help.

  5. FrugalTexan75 Says:

    Sweet!

  6. LivingAlmostLarge Says:

    Stupid question but how did your daughters find these scholarships? Were they school specific or just a general scholarship they applied to outside of different universities? How did they find them and qualify for them? Did they apply to a lot of scholarships? What was the rate of return?

  7. creditcardfree Says:

    LAL, daughter's were granted these scholarships from the universities they are attending. They both received high ACT scores of 31 and have 4.0+ GPAs. We have received no outside scholarships. I know my oldest filled out a couple outside applications last summer, but didn't receive anything. Our youngest just filled out a scholarship that would be given by her high school's engineering academy, but we don't know the results of that yet. It would be small. Overall, these have all been merit based. Oldest daughter has to fill out a university scholarship app every year to be considered for additional scholarships. I hope that helps.

    Make sure you children do well in school. Getting an ACT score over 30 is nearly guaranteed to get a scholarship of some kind at most universities, unless very competitive.

  8. LivingAlmostLarge Says:

    Wonderful. I had no idea. I thought it was due to applying to a lot of outside scholarships.

  9. creditcardfree Says:

    There are lots of outside scholarships available...so many want volunteer hours. My oldest never did any. Our youngest has done some, like 15 hours at the most. Or you have to be affiliated with an organization. There are many for children of deceased or disable veterans...which is not us. The outside ones seem to be hit and miss.

    I do have one that I found out about this year. I'm going to make both girls apply before the deadline of May 15. No idea if it is a viable one or not.

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