How to Avoid Student Loan Debt With Weird Scholarships (2024)

How to Avoid Student Loan Debt With Weird Scholarships (1)

Weird scholarships can come in really handy to pay for college. College tuition is expensive, and student loans are not a good solution by any means. Here's a guest post from Pyper Barnes who is a current college student and runs a unique website named WeirdScholarships.net where you can find all kinds of unusual scholarship opportunities.

Student Loan Debt is a Huge Problem

Simply put, college is expensive. In fact, it's incredibly expensive. So expensive that this year 7 out of 10 college graduates now have student loan debt.

Keeping up with the rising costs of higher education is difficult to say the least. College savings accounts and under the mattress money can’t keep up with tuition spikes, fees, and those crazy overpriced on-campus meal plans. As a result, the problem is getting worse.

This year's class is leaving campus with a degree in one hand as well as more student loan debt than any class in history.

As a current college student, I am all too familiar with high tuition bills and student loan debt. Student loans are an easy and quick option for most college students. In fact, every college student is eligible to receive some amount of federal student loan funding.

So if you have a creditworthy parent, private student loans are just an application away. I myself took out student loans to fund my education at the University of Alabama. For me, student loans weren’t a choice, my loans were a necessity. After a series of financial letdowns, my parents weren’t in a great position to help me financially.

Contents hide

1 Student Loan Debt is a Huge Problem

3 Weird Scholarships Can Help

4 Strange Scholarships You Never Knew Existed

5 Applying for Unusual Scholarships

6 WeirdScholarships.net Can Help

7 Tips for Getting Started

7.1 Get Organized

7.3 Find Your Niche

7.4 Keep Applying

7.5 Don’t Give Up

Scholarships Can Be a Huge Help

After using student loans during my sophom*ore year at college, I was determined to avoid any more debt. Compounded interest isn’t fun to think about. I set my sights on paying my tuition bill through scholarships. Scholarships are a huge piece of the higher education puzzle. Unlike student loans, scholarship awards do not need to be paid back.

As you may know, the majority of scholarship funding comes directly from the institution itself through merit scholarships. Merit scholarships are usually given as a way to attract academically gifted students to campus.

Finding non-merit based scholarships is tough due to the sheer level of competition in the market. According to Google, scholarships is searched for for 301,000 times each month.

Weird Scholarships Can Help

With only a limited number of scholarship dollars available, and millions of college students, scholarship awards are far from certain. Consequently, that quick Google search for “scholarships” will bring a lot of spam and competitive scholarships to the first page. Winning one of these awards is about as likely as winning mega-million. Seriously.

So where did I look for scholarships? Not on the first page of Google’s search results. Therefore if you want to find less competitive scholarship opportunities you need to get creative.

Strange Scholarships You Never Knew Existed

You need to look for weird scholarship opportunities. Are you left-handed? Are you a single mother? Transfer student? Do you wear glasses? While I am not left-handed, a single mother, a transfer student, or wear glasses, you get the point.

It may sound like I’m kidding, but I can promise that there are hundreds of strange scholarship opportunities available. And guess what, the level of competition for these scholarships is a fraction of popular scholarships. Smaller scholarships have smaller awards but you will have a much greater shot of at least getting an award.

Applying for Unusual Scholarships

Applying for scholarships can seem like a full-time job at first. But after a few applications you will be able to reuse the same applications over and over again. Most of all, you should understand if you spend 100 hours applying for scholarships only to be awarded $2,000, well you’ve just made $20 an hour!

I was able to avoid more student loans by funding my cost of attendance through strange scholarship awards. I was able to piece together a hand full of unusual scholarship awards.

Hey, Jason here: By the way, you might want to check out a great resource I recommend for avoiding student loan debt and paying cash for college. It's titled “Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents” by Zac Bissonnette

WeirdScholarships.net Can Help

This summer I created a website called WeirdScholarships.net(named recently changed to ScholarshipBee.com). As you might expect, my website is dedicated to cataloging and presenting unique scholarships from across the internet. So after my personal scholarship campaign, I kept a catalog of scholarship opportunities I came across.

On WeirdScholarships.net I am sharing my catalog of unusual scholarships for free. No ads, spam, scams, no account required. 100% free.

WeirdScholarships.net is just a project right now. I was inspired to create WeirdScholarships.net because I wanted to help my classmates avoid crushing student loan debt. If my website can help just one student avoid student loans, I will be more than happy with the time spent on this project.

Since launching, I’ve created and added about 50 scholarship guides in addition to my giant list of 101 weird scholarship opportunities.

If you have some time this summer, check it out and see if you can find any good matches.

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Tips for Getting Started

Get Organized

I encourage you to set up an account on Google Drive or one of the other cloud storage services on the internet. Signing up for these accounts is free and will allow you to keep your scholarship campaign organized. I like Google Drive because you can directly work with Google Docs and Google Sheets.

Moreover, you can keep everything cataloged and organized in one place. After 20 applications things will start to get cluttered and a bit overwhelming. Therefore, staying organized from the start will save you time down the road.

Save Your Applications

Make sure to save hard copies of your applications for the future. As I mentioned above, there is a lot of crossover between scholarship applications and essays. Therefore, by saving your application responses you will definitely be able to save yourself time on future applications.

Find Your Niche

Start by thinking about yourself. What are you good at? Is there something you want to be good at? What are you studying? Why do you need a scholarship?

Identifying the correct scholarships to apply for is the key to winning an award. So the better the fit for a particular scholarship, the better your odds. On WeirdScholarships.net I have a catalog for everything you can think of. I even have a borrowed scholarship search which can help you find some targeted opportunities.

Keep Applying

Too many students stop looking for scholarships after they enter college. For some reason students believe you can only get scholarships as a freshman. This is simply wrong. You can get scholarships throughout your college career. In fact, there are a number of scholarships for upperclassmen only. Keep applying even after you’ve acquired your taste for cheap beer and vodka.

Don’t Give Up

In conclusion, applying for scholarships can be boring and you might feel like it is all worthless. I can promise you that applying for scholarships will be boring. So try listening to music or even watching television to make a process less painful. Spotify has a student discount. You can get a monthly Spotify subscription for only $5 a month if you are a college student. I kept my sanity through music.

I can promise you it won’t all be worthless. So keep your head down and your blinkers on.

Pyper Barnes is a Junior at the University of Alabama. Pyper created Weird Scholarships to help college students avoid student loan debt though lesser known scholarship opportunities. WeirdScholarships.net was created in May 2015 and is updated at least once a week.

How to Avoid Student Loan Debt With Weird Scholarships (2024)

FAQs

How do scholarships minimize student debt? ›

Generates Another Payment Stream for College Tuition Fee

Some scholarships won't pay every last penny you owe to a college or university. These universities offer financial aid in various chunks, and that's why they are called partial scholarships. But, a full scholarship means all debts are paid upfront.

Can you use scholarships to pay off student loans? ›

There are actually numerous private grants and scholarships that can help you pay off your student loans. Aid might be need-based, merit-based, or a combination of both. You can also look for private funding options using a search engine like Fastweb or FinAid.

Is there a way to avoid student loan debt? ›

Start Saving Early

Of course, the most simple and perhaps obvious way to avoid student loan debt is to start saving and investing early for future education costs. If you're a parent or grandparent of a future college student, there are ways to save over time that can add up to big savings later.

Do scholarships put you in debt? ›

Borrowers are generally on the hook to repay student loans with interest, while scholarship awards are free money — meaning you never have to pay them back. Even if scholarships don't fully cover your college costs, they can reduce the amount you need to borrow, saving you money down the line.

Can you keep leftover scholarship money? ›

If you've received scholarship funds that are greater than your cost of tuition and fees, oftentimes your college or university will send you a refund for the leftover money. Depending upon the terms of your scholarship, you can use these funds for another education-related expense.

What happens if I get too many scholarships? ›

What happens to leftover scholarship money. If you earned scholarships and grants that add up to more than your total cost of attendance, your school may send you a refund of the leftover scholarship money.

Do student loans go away after 7 years? ›

Do student loans go away after 7 years? While negative information about your student loans may disappear from your credit reports after seven years, the student loans will remain on your credit reports — and in your life — until you pay them off.

What can you not use scholarship money for? ›

Unless it's tuition, fees, books and room and board, it's generally unwise to presume an expense will be covered by scholarship money, Ladd says. Transportation, groceries and off-campus dining, technology and clothes are typically not covered, but some scholarships may be less strict on how the money is used.

Can my student loans be forgiven after 10 years? ›

Seeking forgiveness under Public Service Loan Forgiveness (PSLF)? The PSLF Program forgives the remaining balance on your Direct Loans after you've satisfied the equivalent of 120 qualifying monthly payments (10 years) under an IDR plan while working full-time for an eligible employer.

How much student debt is too much? ›

Regardless, one rule of thumb for student debt is that you should try not to borrow more than the first year salary you can expect in your chosen field. This means that if you expect to earn $38,000 in the first year of your career, you should try to borrow $38,000 or less for your degree.

Can the government wipe out student loan debt? ›

Under Public Service Loan Forgiveness, borrowers in public service for 10 years who have made 120 months of qualifying payments can get their remaining student debt canceled.

How can I get my student loan debt erased? ›

Your loan can be discharged only under specific circ*mstances, such as school closure, a school's false certification of your eligibility to receive a loan, a school's failure to pay a required loan refund, or because of total and permanent disability, bankruptcy, identity theft, or death.

Can you use scholarships to pay off student loan debt? ›

Typically, scholarships are designed to cover tuition and other education expenses. Is it possible to use scholarships to pay off student loans? Actually, yes, depending on the conditions of the scholarship.

Can I get a student loan if I have a full scholarship? ›

A scholarship will affect your other student aid because all your student aid added together can't be more than your cost of attendance at your college or career school.

Can you pocket your scholarship money? ›

You can keep money from grants and scholarships. If it's not spend on educational expenses, it has to be reported as income.

Why does applying to as many scholarships as possible reduce your student debt? ›

Explanation: Applying to as many scholarships as possible can significantly reduce your student debt by providing funds to cover the cost of your education. Scholarships are types of financial aid that do not need to be repaid, unlike student loans.

Why do scholarships reduce financial aid? ›

A scholarship will affect your other student aid because all your student aid added together can't be more than your cost of attendance at your college or career school.

How does free education reduce student debt? ›

Tuition-free college will help decrease crippling student debt. If tuition is free, students will take on significantly fewer student loans. Student loan debt in the United States is almost $1.75 trillion. 45 million Americans have student loan debt, and 7.5…

How does scholarship money help students? ›

Scholarships provide financial support for students to help pay for a college degree. These funds enable students to obtain education they may not have access to otherwise. Scholarships go further than being financial aid for many students. They reward deserving students with the ability to afford higher education.

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