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As education is becoming an expensive phenomenon, college students have to face the problem of paying for college. But Scholarships play a major role in solving these financial troubles of students. Therefore, students are supposed to start their hunt with scholarships before the college starts, so that their financial worries are taken care of.There are number of ways you can exercise to search scholarships like you can search it on internet; you can even can start the search in the high school itself, or you can also take high school guidance counselor or the libraries can be contacted for the list of scholarships to be awarded. Applying for smaller scholarships is also beneficial as larger awards have greater competition. However, there are some common scholarship misconceptions in the mind of students. Let’s have a look at them-

• Actually the fact is that scholarships are awarded on the basis of field of study, qualities of student such as sincerity; geographic location and ethnicity and is only available to academically best students. Therefore applying for regional and local scholarship can increase their chances of getting scholarships.

• One of the major scholarship misconceptions is that much of the amount of scholarship goes unclaimed each year in waiting of students like you to accompany and dig it up. The reason behind this misconception is marketing activities where potential scams use in an effort to get you hand over your money to them. However, these scholarships are just a minute percentage of the total scholarships paid out each year, and those scholarships are failed to be honored frequently and have highly preventive eligibility requirements.

• “Scholarship provides free ride to college” is yet another scholarship misconception students have in their mind. Many students think that wining a scholarship will aid to disburse less for college. This is wrong, your scholarship is different and your EFC is different which you must have to pay individually and scholarship will be added to your total amount of financial aid that you have already received and an equal amount of aid from other sources is subtracted.