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  • 2m.

    Do Un-awarded Scholarships Really Exist?

    Approximately $100 million in scholarship dollars may go un-awarded each year, but you're better off putting in the effort to find under-awarded scholarships with few applicants.
    By Diane Melville - Updated: March 16, 2016

    What You'll Learn

    • The difference between "un-awarded" and "under-awarded" scholarships.
    • Why some scholarships end up being under-awarded.
    • How you can find these opportunities.
    A stack of books

    If you've searched for scholarships, then you’ve heard about the mystical un-awarded accolades. You know—the bazillions of dollars in scholarship cash just sitting out there without anyone to spend it.

    While there are un-awarded scholarships (a 2005 report hypothesized that approximately $100 million in scholarship dollars goes un-awarded each year), the Internet has exaggerated this concept. If I were you, instead of getting hung up on un-awarded scholarships, I would focus instead on under-awarded ones.

    These are scholarships that receive very few applicants. Why should you seek them out? Because the odds are in your favor to win more of them! After winning one local scholarship, I asked the provider how many people had applied. She said something along the lines of, "Oh, this year was tough! We received 20 applicants." 20 applicants. For two awards. That sounds like pretty favorable odds to me!

    Why Do Some Scholarships Go Un-awarded/Under-Awarded?

    There are several reasons why a scholarship might go un-awarded. Here are just a few examples:

    Those are just a few examples, as different scholarship organizations may have varying reasons for not awarding a particular scholarship.

    How To Use This To Your Advantage

    While you can't do much about a scholarship organization not being happy with the caliber of applicants it receives, you can do something about finding the scholarships that are not well publicized. Simply put, these scholarships will take more effort to find. Typically, an underpublicized scholarship will not be listed on a scholarship search engine—and you'd be lucky if they had a website.

    Still, the organizers of the scholarship will do a couple of things to publicize it: (1) email local guidance counselors at schools with the scholarship application and/or (2) physically mail a copy of the application to schools, organizations, and people that they want to help them spread the word. (That local scholarship I mentioned before? I found the application on my counselor's desk—that's how random these scholarships are to find.)

    The most likely way to get a hold of these scholarships is to contact your financial aid office about upcoming scholarship opportunities and to browse the financial aid websites of other schools in your area. See if they have posted any scholarship information that your school may have missed. Very few students will put in this legwork. Thus, many of these scholarships go un-awarded or receive just a handful of applications! That is where your opportunity lies.

    Por Diane Melville - Actualizado: 16 marzo 2016
    A stack of books
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