The Investing for Beginners Podcast - Your Path to Financial Freedom

AAR42 - College Scholarships 101

Mar 24, 2026
Andrew Sather, frequent contributor on investing and personal finance, shares practical scholarship know-how and personal anecdotes. They explain differences between scholarships, grants, and fellowships. Filing the FAFSA is emphasized as the must-do starting point. They encourage applying widely, using GPA to qualify, and leveraging 529 accounts and smart loan evaluation.
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ADVICE

Start By Filing The FAFSA

  • Do file the FAFSA as your first step to access hundreds of free financial aid opportunities.
  • Evan says FAFSA is quick, has no downside, and missing it cost a friend thousands in aid.
ADVICE

Apply Widely With A Spaghetti Strategy

  • Do apply to as many scholarships as possible and use a 'spaghetti on the wall' approach.
  • Evan and Andrew emphasize there's no downside: the worst response is 'no' and niche awards often go unclaimed.
ADVICE

Ask Counselors To Find Niche Scholarships

  • Do work with guidance counselors and mentors to find niche scholarships tied to your activities.
  • Evan advises counselors know niche grants (community service, specific majors) that few applicants discover and can be high-value.
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