Summary: In this episode of Wealth on the Move, host Will Hoffman discusses the challenges of funding college education with expert Dave Peterson. They explore the vast opportunities available through scholarships, the misconceptions surrounding them, and the importance of starting the scholarship search early. Peterson shares insights on different types of scholarships, the scholarship application process, and how to build a compelling personal narrative. The conversation emphasizes the need for parents and students to be proactive in seeking financial aid to alleviate the burden of student loans and ensure a successful educational journey.

Resources:

• Dave’s Website
• Dave’s Suggested Scholarship Search Site

Takeaways:

• There is a significant amount of scholarship money available, much of which goes unclaimed.
• Scholarships are not just for seniors; opportunities exist for younger students as well.
• A strong personal narrative is crucial for winning scholarships.
• Students should start applying for scholarships as early as possible.
• Many scholarships do not require high GPAs or test scores.
• Building a personal narrative involves academics, extracurriculars, volunteering, and work experience.
• Avoid applying for illegitimate scholarships that ask for sensitive information.
• The scholarship application process requires attention to detail and following instructions.
• Students can earn scholarships even after high school graduation.
• Utilizing resources like Scholarship GPS can help streamline the scholarship search process.

Connect with Will Hoffman: 

• Hoffman Wealth Management
• (724) 522-5411
• will@hoffmanwealth.com
• LinkedIn: Will Hoffman 
• Facebook: Hoffman Wealth Management 
• YouTube: Hoffman Wealth Management
• Instagram: Hoffmanwealthmanagement

 

Dave Peterson and Scholarship GPS not affiliated with Hoffman Wealth Management and Private Advisor Group. This presentation is not intended as specific financial advice for any individual.