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Information: I Gained a Scholarship, Now What?

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Profitable a scholarship is a incredible feeling! We imply… who doesn’t prefer to be formally rewarded for his or her onerous work, win free cash, and keep away from some annoying post-college debt?

So, in the event you’ve simply acquired an e-mail or telephone name about successful a scholarship, congratulations! However what are you speculated to do now? How do you be certain that the cash goes to the correct place? 

Good questions – as a result of there are just a few required steps that each one scholarship winners should take. And this publish is gonna stroll you thru every one so you’ll be able to entry your scholarship funds and get again to celebrating (or making use of for extra scholarships) as rapidly as attainable! 

Step 1: Formally Settle for the Scholarship

Yea, you acquired the e-mail saying you gained the scholarship. But it surely’s probably not yours till you settle for it! And it’s important to do this earlier than the deadline. So, don’t neglect! 

When you’ve learn the e-mail, both settle for the scholarship proper then or set a reminder to do it ASAP. The very last thing you need is to overlook the deadline and get handed over for a runner-up. 

Step 2: Affirm School and Cost Data

Now that you simply’ve formally accepted the scholarship, the subsequent factor you must do is inform Scholly the place to ship the cash. To do this, you’ll must verify your cost info and the place you go/will go to school. 

You’ll want to offer info comparable to:

  • Which school you could have determined to attend
  • The deal with of your school
  • Your pupil ID quantity
  • A replica of your pupil invoice
  • Proof of enrollment (acceptance letter, enrollment assertion, or your class schedule). 

To finalize and course of cost of your scholarship, you’ll additionally must share some fundamental tax info by finishing a W9 kind since scholarships are taxable by US regulation. To learn extra about why a W9 is required, try this fast article from H&R Block.  

You’ll obtain your W-9 through a safe Docusign from Scholly. And, once you do, you’ll see that you simply’ll be requested to fill out the next info: 

  • Title
  • Deal with
  • Choose ‘Particular person’
  • Social Safety Quantity
  • Signal
  • Date

Now, we all know your social safety quantity is delicate info to share. So, we need to guarantee you that we take each precaution in ensuring your info is protected and safe. 

As soon as we obtain the finished Docusign, we’ll ship you your scholarship cash by test. You possibly can anticipate to obtain it within the mail inside 10 enterprise days of completion.

Step 3: Report the Scholarship to Your School

You gained the scholarship to pay for college. So, your school must learn about it! Meaning the next step is to contact your school’s monetary support workplace to allow them to know the way a lot cash you gained. You’ll want to additionally ask them how your scholarship could have an effect on your monetary support bundle. 

Step 4: Inform Us Your Story 

This final step isn’t required of all scholarship winners. However it’s a nice alternative so that you can obtain much more recognition in your onerous work and provides recommendation to future college students! 

If we contact you for an interview, we’ll ask to arrange a brief Zoom name to debate matters like: 

  • Your private background 
  • Your educational objectives and achievements 
  • Your extracurricular actions and passions
  • The way you’ll use the scholarship (if it’s not particularly meant for tuition) 
  • What you need to research, your potential profession aspirations, and plans for the longer term

We may additionally ask for a photograph and a fast bio so we will characteristic you as a scholarship winner on our web site. 

Once more, congrats on successful a scholarship! It’s an enormous achievement that you have to be pleased with. You’re doing what it takes to make your school training extra inexpensive. And we all know that your onerous work is gonna profit you all through your time in school and past! 

The publish Information: I Gained a Scholarship, Now What? appeared first on Scholly.



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