What are my odds of winning scholarships?

Unlike entering a lottery or gambling at a casino, scholarships are made for students to succeed. The odds are in your favour. This is made even more true by the fact that all too often, students don’t even take the first step and apply! Millions of dollars in scholarships go unclaimed each year—simply because no one applies. So in submitting an application, you’re already ahead of the crowd!

That said, it still remains impossible to exactly predict your odds of winning scholarships. You can’t directly control luck, but you can move from a game with low odds of success to a game with better odds. That seems like an obvious strategy and you probably think you already do it. The difficult part is figuring out the odds of any given game, and that’s harder than it looks.

One game with low odds is gambling. One time, we had a talk to our students and asked, “What will happen if you go to the casino and play the slot machines long enough?” Almost in unison, they all yelled, “Win!” But if you look at a casino, the odds are against the gambler and for the casino. Yes, the casino loses money on the odd player, but over time and after millions of gamblers walk through the door, the casino always wins.

On the other hand, scholarships are a game with good odds. The more applications you submit, the higher your chances of winning. However, you have to persevere through the entirety of the Scholarship Payoff Period to see results.

Understand that you're playing a game with great odds and that if you keep applying, you're guaranteed success. This will help you stay process-focused and win scholarships.