Question 1

When can I start applying for scholarships?

Accepted Answer

Students of any education level can find scholarships they can apply for. Though many scholarships will stipulate that students be of a certain age group or grade level in order to apply, the abundance of scholarships available ensures that every student can find an opportunity that is right for them.

Question 2

How do I know if I’m eligible for a scholarship?

Accepted Answer

It’s common for scholarships to restrict their applicant pool based on major, personal background, income level, and grade level. Make sure to carefully read the requirements of each scholarship to make sure you fit each of the criteria listed. Students that do not match all the criteria will likely not be considered, no matter how accomplished they might be.

Question 3

Are scholarships counted as income?

Accepted Answer

Scholarships are usually not counted as income. As long as your scholarship is used only for qualified educational expenses, the money will not be taxed. Most students will use their money only on qualified educational expenses and Bold.org sends money directly to the financial aid office of the winner's school to be applied for eligible costs, so there’s usually no need to worry.

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