Help clients’ kids find scholarship money

With scholarship money hard to come by, bright teens should cast a wide net to find schools offering cash, says WealthManagement.com.

Universities with a popular brand name will automatically attract smart students and won’t need to entice them with academic scholarship money. Elite schools are more likely to offer funds to students in financial need.

Read: Post-secondary costs will balloon to $150,000

Conversely, lesser-known schools that have to compete for the bright students will be more likely to offer money based on merit, says WealthManagement.com.

So, if the offer of a merit scholarship is a major factor in the post-secondary decision process for your client’s child, encourage him or her to apply to as many schools as possible to catch an academic scholarship.

Read the story here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.