There is a scholarship (or many scholarships) out there for everyone. Every student has some skill, interest, experience, or characteristic that may make them an attractive candidate for one scholarship or another. And while we often refer to scholarships as “free money,” scholarships don’t actually come for free. It takes work to thoughtfully consider your strengths and research the scholarships that might be most appropriate for you. While the effort that goes into finding and winning scholarships may be akin to a part-time job, we at College Coach want to make your job a little easier. This on-going scholarship series highlights a new scholarship each week. Check out the below, along with the other posts in the series, and you may discover a funding resource that will make covering that college bill a little (or a lot!) easier.

Most families need to borrow to one extent or another to finance the cost of college, but do you know what college financing tool is better than a loan? A scholarship! Check out this scholarship to help reduce the amount you need to borrow for college.

Scholarship: Better Than a Loan Scholarship

Awarding Organization:

Amount: $500

Number of Scholarships Awarded: One

Eligible Students:

  • U.S. resident
  • At least 18 years old
  • Enrolled in an institution of higher education

How to Apply: Submit a 500-word essay, answering the question: “If you were starting a business, what would be the company’s most important core value? Why?” In addition to uploading your full essay, you must also tweet a condensed version of your idea to @LendzaLoans with the hashtag #BetterThanALoan.

Deadline: December 31


Best of luck, and please see the awarding organization’s website for full scholarship details and requirements.


Written by Beth Feinberg Keenan
Beth Feinberg Keenan is a member of College Coach’s team of college finance experts. Before joining College Coach, Beth worked as a Senior Financial Aid Officer at Northeastern University. Visit our website to learn more about Beth Feinberg Keenan.