Finding and Understanding Unclaimed Scholarships

What is the main goal of The Scholarship System, founded by Jocelyn Pearson?

• To help students get into top universities.

• To assist families in securing scholarships to avoid student loan debt.

• To provide career counseling for college students.

• To manage student loan repayments.

Who is the primary audience for the information provided by The Scholarship System?

• International students.

• US Citizens and Permanent Residents.

• Students seeking graduate degrees.

• High school counselors.

What are the two main categories of unclaimed money discussed in the video?

• Private loans and federal grants.

• University scholarships and personal savings.

• Unclaimed scholarships and unclaimed government grants.

• Endowments and trust funds.

Approximately how much money in scholarships is estimated to go unclaimed every year, according to SoFi?

• Billions of dollars.

• Close to $100 million.

• Around $2 billion.

• Tens of thousands of dollars.

A 2024 study by the National College Attainment Network found approximately how much in Pell Grants were left unclaimed by students not submitting FAFSA?

• $100 million.

• $2 billion.

• $4 billion.

• $15 million.

What is one reason scholarships might go unclaimed due to their specific nature?

• They require high academic achievement.

• They are designed for very specific demographics or eligibility requirements.

• They are only available to students attending certain universities.

• They have very short application deadlines.

What is a significant reason why many scholarships go unclaimed, related to their visibility?

• They are too difficult to apply for.

• They lack sufficient promotion or outreach.

• They require extensive volunteer work.

• They are only advertised through word-of-mouth.

Why do many families overlook smaller, less competitive scholarships?

• They are unaware of their existence.

• They prefer to focus on larger, more commonly known scholarships.

• They believe smaller scholarships are not worth the effort.

• They do not meet the eligibility criteria for smaller scholarships.

What is one reason a scholarship might not receive many applicants?

• The scholarship is for a very small amount of money.

• The application process is time-consuming.

• The scholarship is only advertised locally.

• The scholarship has too many eligibility requirements.

What is a potential benefit of applying for scholarships that require more effort, such as extensive essays or projects?

• They are always for larger amounts of money.

• They are often more legitimate.

• They have fewer requirements.

• They are easier to find.