August 28th, 2022

The Scholarship Collective

Welcome to the Scholarship Junkie’s weekly newsletter, the Scholarship Collective. Where you can find educational content on all things higher education. From scholarships to post-graduation woes, I got you covered every Sunday by Noon. Want to make yourself smarter in 5 minutes? Read the morning brew.

3 Things I Wish I Knew About Student Loans at Age 18

Unfortunately, not everyone's student loans qualify for student loan forgiveness in 2022. I know that paying off your student loan debt can be hard to think about. That's why I'm here to help tell you about some of the things I wish I knew before taking out student loans.

1. Every loan has different terms and accrues interest at different times

There are two main types of federal student loans: subsidized and unsubsidized. Knowing what you have can help you tremendously in preparing for future payments.

• Subsidized loans are those that are given to you by the government and don't accrue interest while you're in school.

• Unsubsidized loans are ones that you take out on your own and do accrue interest while you're in school. (is it worth it to pay off interest while in school?)

2. There are scholarships that pay off your student debt

If I knew about this at 18! I'd be a millionaire... jk I'd just have less debt and so can you. Here are three scholarships to help you pay off students loans:

• Delete your Student Debt No-Essay Grant (due 09/01/2022)

• Nitro College Repayment Grant (due every month)

• Career/Job Paths for Loan Foregiveness

3. Federal loans are typically better than private loans

There's so much that goes into choosing the right loan service provider, that I didn't know about at 18. Interest rates? boring. Payment plans? who cares. At 18, I wish I look more at the details.

• Federal loans typically have lower interest rates than private

• Federal loans don't need credit history to qualify

• Federal loans have income-driven payments plan options

Community Feature: Winner's Circle

• Congratulations to Alicia for the winning the Scholarship Collective $25 Amazon Gift Card giveaway!

How'd she win? She gave survey feedback to help make the newsletter better.Where can I find more of Sade's giveaways? Join the Discord community of over 300 scholarship junkies!

Are you an international student or a U.S. student looking to study abroad?

This is for you.

The International Scholarship Collective is a monthly Newsletter that comes out at the end of September and will cover ONLY scholarships for international students.

Want scholarships relevant to you?

Take the international student survey.

The Art of Winning: Letter of Recommendation Edition

When it comes to scholarship applications, a letter of recommendation can be the difference between winning and losing. Don't wait until the last minute to start asking around for letters of recommendation, because you'll be missing out on some of the most valuable resources in your quest for a scholarship—your professors, teachers, or advisors.

Tips for Success:

• Pick someone who knows you well. If you're applying for a scholarship where an essay is required, pick a teacher or professor who taught you something that makes you stand out.

• Make sure the recommender knows what kind of information is needed and when it's due by so they can give their best effort to writing it on time.

• Your recommender may not realize the magnitude of the scholarship. If it's a nationally competitive scholarship, make sure they know.—especially if they're not in academia themselves!

• If there's no essay requirement, make sure your recommender has spent enough time around you to know what makes you unique as a student since they will be essentially telling your story.

Don't know how to ask for a recommendation?

Here's an email template to make your life easier.

The Scholarship Roundup

The Scholarship Roundup is where you can find different categories of scholarships due soon each week! (categories change every week)

Scholarships for High School students: Visionary Scholarship Program Maryknoll Student Essay Contest Huntington's College Scholarship SweepstakesScholarships for Undergraduate Students: Abacus Scholarship (Due 08/26/2022) Glotzer & Leib's Scholarship Optimal Undergraduate Scholarship Scholarships for Graduate Students:

• Richard E. Merwin Student Scholarship

• Law School Diversity Scholarship

• Medical School Diversity Scholarship

• Apply to Bold.org $25,000 No-Essay Scholarship*

• Niche 60SecondScholar No-Essay Scholarship

• SmartOwl No Essay Scholarship

Scholarships with International Student eligibility:

• Environment Awareness Scholarship

• Dream Big Scholarship

Scholarships for Minority Students:

• AfterCollege STEM Inclusion Scholarship

• Rosy Salon Cosmetology Scholarship

• Gates Scholarship

Other helpful scholarship links:

Scholarship Database for International Students

Scholarship Database for Graudate/PhD Level Students

Sade Goes LIVE!

UPDATE: My live schedule for TikTok will be on the last Sunday of each month (Eastern Standard Time). Want to ask questions anonymously? Submit your questions in advance. Join me on live as follows:

• Sunday, August 28th, 2022 12:00 PM EST

• Sunday, September 25th, 2022 12:00 PM EST

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Disclosure: This newsletter contains affiliate links as marked with an asterisk* which means that if used, the Scholarship Collective would receive compensation. All affiliate links are products or services that I have tried and loved and all opinions expressed are my own. Only links with an asterisk* are affiliate links.