Opportunity cost

Don't pass up a full ride

Don't pass up a full ride

Let's be clear: getting a full scholarship is very rare. Fewer than one percent of college applicants end up getting to go for free. It takes more than just being a good student who wrote a good application essay. But still, one percent is still thousands of students a year, so you may want to do some thinking and planning, just in case.

Here's a simple rule to help you know how to think about full scholarships: you should not pass up a full ride. If you apply to a school and they offer you a full scholarship, go to that school.

Two approaches to getting waitlisted

Two approaches to getting waitlisted

You can't refuse to make other plans hoping that you'll hear back from the school that waitlisted you. Depending on the college and the year (even if you look up their statistics from last year, they may be wildly different this year), your chances of hearing good news later are either slim, very slim, or maddeningly slim. You have to move on. 

Somewhere in your mind, though, you'll keep wondering what to do if it turns out you actually are one of the rare few who gets a spot later. Let's go over two different approaches to dealing with that possibility so it doesn't add anxiety to all your days between now and September.