Private Scholarships: Exposing the Truth About Them


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In the early 1970s, the U.S. auto industry received warnings from economic experts: If they continued to focus on the wrong thing, Japanese car companies would soon put them out of business. The “Detroit Three” automakers — General Motors, Ford and Chrysler — were told that if they continued to produce oversized, inefficient American-style models, they would soon be surpassed by compact, fuel-efficient Japanese cars if the price of gasoline were to increase drastically.

U.S. auto executives laughed off these dire warnings and continued with business as usual. Over the course of the decade, the price of oil skyrocketed due to a changing atmosphere in the Middle East, and the American car companies crumbled. If you’ve ever seen Eminem’s movie “8 Mile” or an episode of “Hardcore Pawn,” you have an idea of how things turned out in the Motor City.

It’s easy to become fixated on details that are new, shiny and fun (like a ’72 Corvette) and ignore others that are counter to our belief system. Such is the case with how prospective college students and their families seek financial aid. For whatever reason, students and parents alike spend an inordinate amount of time seeking out private scholarships from employers, nonprofits and local organizations, and not enough time focusing on where the bulk of aid money actually comes from.

Surprising Numbers

During the 2014-15 academic year, roughly $184 billion in student aid was awarded to undergrads. According to the College Board’s Trends in Student Aid publication, the overwhelming majority of student aid comes from the federal government, representing 66 percent of all aid awarded. Institutional aid from colleges and universities represents 22 percent, and state governments give 5 percent of total aid. A mere 6 percent comes from employer and private scholarships, a number that doesn’t quite support all of the hype.

Unclaimed Money

Many people mistakenly believe that the majority of aid comes in the form of private scholarships, so they spend precious time scouring through scholarship websites, books and other sources looking for what amounts to only a fraction of the total aid awarded. Their hunt is fueled each year by hearing that millions of dollars in scholarships go unused. While there is some truth to that statement, the fact also remains that many of those scholarships are inaccessible because the qualifying requirements are so limiting. For example, there may be a scholarship at a regional university specifically aimed at a student from a particular county who has a high school GPA of 3.5 or higher and is majoring in interior design. If no incoming student meets these criteria, the scholarship may go unclaimed.

Effect on Financial Aid Packages

It’s important to note that since the federal government requires colleges to consider private scholarships when calculating financial aid, those outside scholarships can actually reduce your total aid package. Let’s say, for example, that a family’s expected family contribution is $17,000 and the cost of tuition is $30,000. In order to meet this cost, the college offers $13,000 in aid to assist the family. Now let’s say that the student wins a $3,000 scholarship from a local employer. In this instance, most schools would then reduce their respective financial aid offers by $3,000. Hopefully, these reductions target loan awards, rather than grant awards, although that isn’t always the case at every school. All in all, private scholarships have very little impact on the “bottom line” for students requiring need-based aid, since scholarships often lead to a reduction in their original financial aid award. For affluent students who do not require aid, however, scholarships will undoubtedly impact out-of-pocket costs by reducing the amount they owe.

By no means do we want to discourage you from applying for private scholarships; we just encourage you to avoid dedicating an excessive amount of time to these pursuits.

Dave Bergman, Ed.D., is a co-founder of College Transitions, a team of college planning experts committed to guiding families through the college admissions process. Learn more at collegetransitions.com.

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College Transitions

Expert advice for finding the right fit


About This Blog

College Transitions is a team of college planning experts committed to guiding families through the college admissions process. As counselors and published higher education researchers, we aim to bring perspective (and some sanity) to college planning, and we strive to provide students with the support they need to enroll and succeed at a college that is right for them. Learn more at collegetransitions.com

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Calendar

December 2019

Wear your favorite holiday attire and dine with Santa Claus. Enjoy a delicious brunch, stories and crafts, and take pictures with the jolly man from the North Pole. 

Cost: $10/child. Free for ages 2 and younger

Where:
Joyner Park Community Center
701 Harris Rd.
Wake Forest, NC  27587
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Website »

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Participants develop their naturalist skills and understanding of local nature. Ages 5-8 with parent. Register online. 

Cost: $8/resident, $10/nonresident

Where:
Stevens Nature Center/Hemlock Bluffs
2616 Kildaire Farm Rd.
Cary, NC
View map »


Telephone: 919-387-5980
Website »

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Girls ages 5-12 take their favorite doll and have a creative time together preparing for the holidays. Register by emailing llpolkhouse2@gmail.com.

Cost: $22/attendee, $20/sister

Where:
Historic Polk House
537 N. Blount St.
Raleigh, NC  27604
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Telephone: 919-676-6368
Website »

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See dancers and a guitarist from Flamenco Carolina perform a Spanish style of music and dance.

Cost: $3/person

Where:
Century Center
100 N. Greensboro St.
Carrboro, NC  27510
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Website »

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Ebeneezer Scrooge was visited by three spirits, but what about the next Christmas? With heartwarming excitement, discover how the Cratchit family has fared in the year that has passed since old...

Cost: Free

Where:
Wake Forest Renaissance Centre
405 S. Brooks St.
Wake Forest, NC  27587
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Website »

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The Durham Medical Orchestra performs with special guest Joseph Alessi, principal trombone, New York Philharmonic.

Cost: Free

Where:
Baldwin Auditorium, Duke University
1336 Campus Dr.
Durham, NC  27705
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Website »

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As a Christmas gift to our community and surrounding area, Wake Forest Presbyterian Church delivers the true Christmas story in a stirring virtual “walk” through Bethlehem to the stable...

Cost: Free

Where:
Wake Forest Presbyterian Church
12605 Capital Blvd
Wake Forest, NC  27587
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Sponsor: Wake Forest Presbyterian Church
Telephone: 919-556-7777
Contact Name: Meghan Reynolds
Website »

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Fun for the entire family, enjoy this wonderful, witty retelling of a classic fairy-tale. With a score consisting of well-known pop songs, follow Snow White and her Seven Dwarves as they try to...

Cost: $10-$60/person

Where:
Duke Energy Center for the Performing Arts
2 East South Street
Raleigh, NC  27601
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Sponsor: Duke Energy Center for the Performing Arts
Telephone: 919-996-8700
Contact Name: Blake Jones
Website »

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The choir presents its 49th performance on Handel's "Messiah."

Cost: Free

Where:
White Plains United Methodist Church
313 S.E. Maynard Rd.
Cary, NC  27513
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Website »

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The first day of winter is right around the corner! Help us welcome the season by making a snow globe to take home. We will bring the materials if you bring the imagination! For all ages (adult...

Cost: For all ages (adult accompaniment required for all children); FREE. Registration

Where:
Crowder County Park
4709 Ten-Ten Rd
Apex, NC  27529
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Telephone: 919-662-2850

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Children will enjoy this wonderful book written by John Denver reminding us not to forget about the wildlife this holiday season. We will make a craft then take a walk to look for our wildlife...

Cost: Free

Where:
Harris Lake County Park
2112 County Park Dr.
New Hill, NC  27562
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Sponsor: Harris Lake County Park
Telephone: 919-387-4342
Contact Name: Joanne St. Clair
Website »

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Join RTOOT as it performs the music of great Italian composers as well as beloved Christmas classics. Purchase tickets online. 

Cost: $9/adult, $3 ages 12 and younger

Where:
Cary Arts Center
101 Dry Ave.
Cary, NC  27511
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Website »

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Dan the Animal Man brings some of his animals from his vast collection to entertain all ages. 

Cost: $3/person

Where:
Century Center
100 N. Greensboro St.
Carrboro, NC  27510
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Website »

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Help find candy canes hidden in Bond Park before the Grinch turns them green. Ages 6-12. Registration required online. Choose course #127871. 

Cost: $10/child

Where:
Bond Park
801 High House Rd.
Cary, NC
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Website »

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Embark on a wild ride with favorite Disney characters Mickey, Minnie, Goofy and many others in this fun-filled getaway featuring unexpected hijinks and character interaction. Purchase tickets...

Cost: $15 and up

Where:
PNC Arena
1400 Edwards Mill Rd.
Raleigh, NC  27607
View map »


Website »

More information

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Ages 1-5 and caregiver delight in the discoveries of nature. Register online. 

Cost: $8/resident, $10/nonresident

Where:
Stevens Nature Center/Hemlock Bluffs
2616 Kildaire Farm Rd.
Cary, NC
View map »


Telephone: 919-387-5980
Website »

More information

Get into the holiday spirit by decorating cooking, making a craft and enjoying a holiday children's show.

Cost: Free

Where:
Century Center
100 N. Greensboro St.
Carrboro, NC  27510
View map »


Website »

More information

The Wake Forest Abilities Choir will present an evening of holiday music under the direction of director.

Cost: Free

Where:
Wake Forest Renaissance Centre
405 S. Brooks St.
Wake Forest, NC  27587
View map »


Website »

More information

Embark on a wild ride with favorite Disney characters Mickey, Minnie, Goofy and many others in this fun-filled getaway featuring unexpected hijinks and character interaction. Purchase tickets...

Cost: $15 and up

Where:
PNC Arena
1400 Edwards Mill Rd.
Raleigh, NC  27607
View map »


Website »

More information

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Celebrate pecans at the State Farmers Market.

Cost: Free

Where:
State Farmers Market
1201 Agriculture St.
Raleigh, NC  27603
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Join us to learn about how Habitat for Humanity helps build houses, hear a Christmas tale and then build a graham cracker house of your own. Call to, 919-245-2532. Best for ages 4 and up with a...

Cost: free

Where:
Orange County Main Library
137 W Margaret Ln
Hillsborough, NC  27278
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Sponsor: Orange County Public Library
Telephone: 919-245-2539
Contact Name: Libbie Hough
Website »

More information

Is there a man in the moon, and is the moon made of cheese? Sip on some hot cocoa and listen to some of the stories people have told about the moon and find out if there is truth to them. Then...

Cost: For all ages; FREE. Registration is required for everyone, and adult accompanime

Where:
Crowder County Park
4709 Ten-Ten Rd
Apex, NC  27529
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Telephone: 919-662-2850
Website »

More information

Discover family traditions from North Carolina and around the globe. Create art, enjoy free access to Frida Kahlo, Diego Rivera, and Mexican Modernism, and have a special visit with Santa.

Cost: Free

Where:
North Carolina Museum of Art East Building and Museum Plaza
Raleigh, NC


Website »

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Bundle up and enjoy an evening around the campfire learning about creatures of the night and listen to Native American tales about some of our favorite nocturnal animals. Roast marshmallows and go...

Cost: Free

Where:
Harris Lake County Park
2112 County Park Dr.
New Hill, NC  27562
View map »


Sponsor: Harris Lake County Park
Telephone: 919-387-4342
Contact Name: Joanne St. Clair
Website »

More information

Kids ages 5-12 enjoy indoor activities while parents enjoy a night out. Register online. 

Cost: $30/resident, $45/nonresident

Where:
Halle Cultural Arts Center
237 N. Salem St.
Apex, NC  27502
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Website »

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Wear white clothing and play games, tumble and dance. Enjoy pizza, drinks and more. Ages 5-10. Registration required online. Choose course #127487.

Cost: $18/child; $28 for two children per family

Where:
Middle Creek Community Center
125 Middle Creek Ave.
Apex, NC  27539
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Website »

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Friday, December 13, 6:00pm, at both the Millbrook and Wake Forest Campuses. Put on your Christmas jammies, grab a blanket and come out for a  festive night to watch the classic animated...

Cost: Free

Where:
Crossroads Fellowship
2721 E Millbrook Road
Raleigh, NC  27604
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Sponsor: Crossroads Fellowship
Telephone: 919-981-0222
Contact Name: Lorraine Entwisle
Website »

More information

Have some fun and make something great at the Clay studio (and parents can sneak away and grab a bite or do some shopping at Northgate Mall). Each kid will complete and paint a piece of pottery...

Cost: $18 per child per workshop

Where:
1058 West Club Blvd
Durham, NC  27701
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Telephone: 919-560-2726
Contact Name: Lauren Tannenbaum
Website »

More information

Embark on a wild ride with favorite Disney characters Mickey, Minnie, Goofy and many others in this fun-filled getaway featuring unexpected hijinks and character interaction. Purchase tickets...

Cost: $15 and up

Where:
PNC Arena
1400 Edwards Mill Rd.
Raleigh, NC  27607
View map »


Website »

More information

Sing along with the band as they perform holiday favorites of Christmas, Hanukkah, the winter solstice and more. 

Cost: Free

Where:
Cary Senior Center
120 Maury O'Dell Place
, NC  27513
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Celebrate the love and joy that this season brings by creating art inspired by a Christmas tree. Register online. Choose course #126761.

Cost: $32/resident, $42/nonresident

Where:
Cary Arts Center
101 Dry Ave.
Cary, NC  27511
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Website »

More information

Give rugby a try. Take part in tag rugby pick-up games every Saturday morning at Baileywick Road Park, near the Second Shelter.  No experience necessary. All ages. 

Cost: Free

Where:
Baileywick Road Park
9501 Baileywick Rd
Second Shelter Field
Raleigh, NC  27615
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Sponsor: Raleigh Redhawks Rugby
Contact Name: denise travis
Website »

More information

Our Reindeer Romp is open to the entire community and our Girls on the Run families. So join us! Celebrate as nearly 1,000 girls reach their end-of-season goals – the finish line is only the...

Cost: $30 - $35

Where:
Koka Booth Amphitheater
8003 Regency Pkwy
Cary, NC  27518
View map »


Sponsor: Girls on the Run of the Triangle
Telephone: 919-401-6307
Contact Name: Jamie Botta
Website »

More information

Ages 5-12 make a picture frame for the holidays. Snack provided. Register online. 

Cost: $30/resident, $45/nonresident

Where:
Halle Cultural Arts Center
237 N. Salem St.
Apex, NC  27502
View map »


Website »

More information

Ages 1-5 and caregiver delight in the discoveries of nature. Register online. 

Cost: $8/resident, $10/nonresident

Where:
Stevens Nature Center/Hemlock Bluffs
2616 Kildaire Farm Rd.
Cary, NC
View map »


Telephone: 919-387-5980
Website »

More information

Travel with us to Puerto Rico with books, games and arts and crafts!  Join the staff of ISLA (Immersion for Spanish Language Acquisition) for a fun filled hour! Best for ages 3 and up with a...

Cost: Free Gratis

Where:
Orange County Main Library
137 W Margaret Ln
Hillsborough, NC  27278
View map »


Sponsor: Orange County Public Library
Telephone: 919-245-2539
Contact Name: Libbie Hough
Website »

More information

Embark on a wild ride with favorite Disney characters Mickey, Minnie, Goofy and many others in this fun-filled getaway featuring unexpected hijinks and character interaction. Purchase tickets...

Cost: $15 and up

Where:
PNC Arena
1400 Edwards Mill Rd.
Raleigh, NC  27607
View map »


Website »

More information

One ticket admits the entire family to decorate a special gingerbread house. Supplies provided. Workshops available at 2 p.m. and 4:30 p.m. Allergy-free workshop available at 11 a.m....

Cost: $40

Where:
Family Preschool
4907 Garrett Rd
Durham, NC  27707
View map »


Sponsor: Family Preschool
Telephone: 919-402-1500
Contact Name: Sue Henson
Website »

More information

Family Wildlife Series: Holiday Habitat Helpers Saturday, December 14, 2-3 Attract winter wildlife to your backyard by providing or improving their habitat.  Create simple outdoor decorations...

Cost: Free

Where:
Blue Jay Point County Park
3200 Pleasant Union Church Rd
Raleigh, NC  27614
View map »


Website »

More information

Embark on a wild ride with favorite Disney characters Mickey, Minnie, Goofy and many others in this fun-filled getaway featuring unexpected hijinks and character interaction. Purchase tickets...

Cost: $15 and up

Where:
PNC Arena
1400 Edwards Mill Rd.
Raleigh, NC  27607
View map »


Website »

More information

Embark on a wild ride with favorite Disney characters Mickey, Minnie, Goofy and many others in this fun-filled getaway featuring unexpected hijinks and character interaction. Purchase tickets...

Cost: $15 and up

Where:
PNC Arena
1400 Edwards Mill Rd.
Raleigh, NC  27607
View map »


Website »

More information

Join us as we watch for meteors during the Gemenids Meteor Shower. Local astronomers will help us observe these shooting stars and other phenomena in the night sky. As a bonus we may see or hear...

Cost: Free

Where:
American Tobacco Trail
1309 New Hill-Olive Chapel Rd.
Apex, NC  27502
View map »


Sponsor: Harris Lake County Park and the American Tobacco Trail
Telephone: 919-387-4342
Contact Name: Joanne St. Clair
Website »

More information

Favorite Christmas songs are presented in authentic Nashville country style with dazzling guitars and fiddles along with soaring harmonies. Purchase tickets online. 

Cost: $25/person

Where:
Wake Forest Renaissance Centre
405 S. Brooks St.
Wake Forest, NC  27587
View map »


Website »

More information

See the choir perform beloved Christmas songs with guest vocal group AVANTE. Purchase tickets online. 

Cost: See website for fees

Where:
Cary Arts Center
101 Dry Ave.
Cary, NC  27511
View map »


Website »

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