scholarship money

How Your Effort Can Equal Money: The New College Board Opportunity Scholarships

Work hard and it’ll pay off, right? That’s what everyone (including us!) will tell you. But what if you could qualify for the chance to win scholarship dollars by learning as you go? That, too, could pay off, specifically when putting together your college admissions’ journey. And the new College Board Opportunity Scholarships program could fund it all in the end.

The New College Board Opportunity Scholarships

The recently launched College Board Opportunity Scholarships program takes a new and possibly valuable track to learning about the college exploration, study, and application process… yes, things you’re already doing. Complete steps through their site, let them know as you go, and as the College Board puts it:

The more effort you put in, the more chances you get to earn a scholarship ranging from $500 to $2,000. If you complete all six steps, you’re eligible to earn a $40,000 scholarship. Scholarships are awarded—through monthly drawings—to students who complete each step.

And it’s not a small amount of money either. The initial scholarship investment is $25 million, with an available $5 million being awarded each year, starting with the class of 2020.

Related: Cracking The Code: How to Pay for College

Six Steps

The College Board has laid out six specific steps students need to do in order to qualify for an entry into each section of the scholarship:

  1. Build your initial college list = $500
  2. Practice for the SAT with the popular Khan Academy = $1,000
  3. Improve your score = $2,000 (Seriously, improving your score over your SAT tests is a step!)
  4. Strengthen your original college list = $500
  5. Complete the FAFSA = $1,000
  6. Apply to colleges = $1,000

And, if you complete all six of those steps, you’re qualified for a $40,000 scholarship.

Winners for each level, and the completion level, are randomly selected from a monthly drawing.

Smart College Visit’s audience is always asking for scholarship information. This one seems to be a no-brainer. You’re (hopefully) already doing these steps on your path to finding and finding the best college for you!

RELATED: myStudentAid: The FAFSA Mobile App and How It Can Help You

The College Board Opportunity Scholarships program launches in December 2018. Sign up over there to start completing your steps, and entering!