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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: Lendza.com

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 this year’s scholarship essay prompt. 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

Website: lendza.com/scholarship

Best of luck, and please see the awarding organization’s website for full scholarship details and requirements.Determine the Best Way to Pay for College


Written by Robyn Stewart
Robyn Stewart is a member of College Coach’s team of college finance experts. Prior to joining College Coach, she worked as a former financial aid officer at College of the Holy Cross. Visit our website to learn more about Robyn Stewart.