{"id":3066,"date":"2018-11-29T10:15:02","date_gmt":"2018-11-29T10:15:02","guid":{"rendered":"http:\/\/blog.scholarshipowl.com\/?p=3066"},"modified":"2021-03-24T15:55:09","modified_gmt":"2021-03-24T15:55:09","slug":"unclaimed-scholarships-2","status":"publish","type":"post","link":"https:\/\/scholarshipowl.com\/blog\/find-scholarships\/unclaimed-scholarships-2\/","title":{"rendered":"The Truth About Unclaimed Scholarships"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" class=\"alignleft wp-image-3073\" src=\"https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/31821489_s.jpg\" alt=\"concept for The Truth About Unclaimed Scholarships\" width=\"200\" height=\"203\" srcset=\"https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/31821489_s.jpg 686w, https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/31821489_s-295x300.jpg 295w, https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/31821489_s-80x80.jpg 80w, https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/31821489_s-314x320.jpg 314w, https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/31821489_s-241x245.jpg 241w, https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/31821489_s-334x340.jpg 334w, https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/31821489_s-442x450.jpg 442w, https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/31821489_s-491x500.jpg 491w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/>Every year your family spends thousands of dollars on your college degree. While you spend hours trying to find scholarships to help lower the cost. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, how would you feel if billions of dollars in scholarships go unclaimed every year? Does it make your stomach turn?<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Rumor has it that there are billions of dollars in unclaimed scholarships every year. Well, the rumor is exactly that- a rumor. The information is both false and outdated.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In reality, most college scholarships get claimed as they usually get more applicants than they have the money for.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">When Are Scholarships Unclaimed?<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are some instances where scholarships go unclaimed, but, it is much less than what the myth claims. Most of the big <img loading=\"lazy\" class=\"alignright wp-image-3068\" src=\"https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/ben-white-178537-unsplash.jpg\" alt=\"concept for The Truth About Unclaimed Scholarships\" width=\"200\" height=\"134\" \/>scholarships usually have winners. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">One reason for unclaimed scholarships is that there aren\u2019t applicants who meet the criteria. The restrictions of the scholarship may be so specific that it doesn\u2019t receive applicants. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">For example, a scholarship may award applicants because of their last name or their ethnicity. <\/span><a href=\"https:\/\/www.nytimes.com\/2004\/11\/07\/education\/edlife\/honk-if-your-name-is-zolp.html\"><span style=\"font-weight: 400;\">The Zolp scholarship<\/span><\/a><span style=\"font-weight: 400;\"> is only for students at the Loyola University of Chicago born with the last name Zolp. Almost every year, Loyola University receives applications for students who are eligible. But, some years there are no applicants so the scholarship does not get claimed. Maybe time to consider a name change?<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Why Scholarship Money is Usually Always Claimed<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are some circumstances where the scholarship winner won\u2019t end up using the money. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\">This may happen for various reasons if the scholarship winner:\u00a0<\/span><\/h3>\n<ul>\n<li><span style=\"font-weight: 400;\">Lied on their application<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Breaks one of the rules of the scholarship<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Decides to go to a different school and loses the school-specific scholarship<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Changes majors and loses the major-specific scholarship<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" class=\"alignleft wp-image-3071\" src=\"https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/dollar-726884_640.jpg\" alt=\"concept for The Truth About Unclaimed Scholarships\" width=\"200\" height=\"141\" \/>When scholarship money is not claimed, the organization usually does one of two things with the money. Either, they award the money to another student or they save the money for future awards. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It&#8217;s false that billions of dollars in college scholarships go unclaimed every year. But, there are <\/span><a href=\"https:\/\/scholarshipowl.com\/blog\/find-scholarships\/scholarships-that-very-few-people-apply-for\/\"><span style=\"font-weight: 400;\">some scholarships<\/span><\/a><span style=\"font-weight: 400;\"> that less students apply to. Because of this, the scholarship might have a higher chance of going unclaimed because it doesn\u2019t receive as many applicants. These scholarships may include smaller scholarships or local scholarships. You should definitely apply for these, even if the award is small.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Truth About Pell Grants<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When you hear about scholarship money that wasn\u2019t claimed, this is usually referring to <\/span><a href=\"https:\/\/scholarshipowl.com\/blog\/apply-for-scholarships\/everything-pell-grants\/\"><span style=\"font-weight: 400;\">Pell Grants<\/span><\/a><span style=\"font-weight: 400;\">. It is estimated that in 2017, about $2.3 billion dollars in Pell Grants were not claimed. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is important that you file the <a href=\"https:\/\/scholarshipowl.com\/blog\/?s=fafsa\">Free Application for Federal Student Aid (FAFSA)<\/a>. The Pell Grant is one of many financia<img loading=\"lazy\" class=\"alignright wp-image-3072\" src=\"https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/rawpixel-1137675-unsplash.jpg\" alt=\"concept for The Truth About Unclaimed Scholarships\" width=\"200\" height=\"133\" \/>l awards available with a FAFSA, and it currently gives up to $5,920 in funding.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">More than a million students miss out on the Federal Pell Grant, although they could have qualified for it. Because they aren\u2019t filing the FAFSA, they aren\u2019t getting the grant.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Even in the case of unclaimed <a href=\"https:\/\/scholarshipowl.com\/blog\/apply-for-scholarships\/everything-pell-grants\/\">Pell Grants<\/a>, where billions of dollars are not claimed, the money is not going to waste. Rather, it goes towards federal aid for future students to use.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Watch out for Scholarship Scams<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Some scholarship companies charge students. They say there are billions of dollars of unclaimed scholarships every year. <a href=\"https:\/\/scholarshipowl.com\/blog\/find-scholarships\/scholarship_scams\/\">Don\u2019t fall victim to this<\/a>. Instead, use the many <\/span><a href=\"https:\/\/scholarshipowl.com\/\"><span style=\"font-weight: 400;\">free scholarship services<\/span><\/a><span style=\"font-weight: 400;\"> out there. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" class=\"alignleft wp-image-3069\" src=\"https:\/\/scholarshipowl.com\/blog\/wp-content\/uploads\/2018\/11\/pang-yuhao-1133167-unsplash.jpg\" alt=\"concept for The Truth About Unclaimed Scholarships\" width=\"210\" height=\"140\" \/>There aren\u2019t millions or billions of scholarship dollars going unclaimed in every year. Still, there\u2019s a good chance that you aren\u2019t claiming the money you deserve. No matter what scholarship you might receive, filling out the FAFSA every year should be at the top of your priorities. Sure, it may take some of your time, but the results are worth it! Plus, it is a must for many financial aid forms. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember, you can <\/span><a href=\"https:\/\/scholarshipowl.com\/blog\/find-scholarships\/yes-you-can-still-apply-for-scholarships-while-in-college\/\"><span style=\"font-weight: 400;\">keep applying to scholarships<\/span><\/a><span style=\"font-weight: 400;\"> every semester. The more scholarships you apply to, the better chance you have at winning money. Keep up the great work.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every year your family spends thousands of dollars on your college degree. While you spend hours trying to find scholarships to help lower the cost. Well, how would you feel if billions of dollars in scholarships go unclaimed every year? Does it make your stomach turn? Rumor has it that there are billions of dollars [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3073,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[18],"tags":[44,76],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Truth About Unclaimed Scholarships | ScholarshipOwl<\/title>\n<meta name=\"description\" content=\"Sometimes, scholarship money does not get claimed. 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