Scholarships and Financial aids go unclaimed for because of the various misconceptions about them. The most common misconception is that scholarships are not easily available and are not rewarded to all. However, the truth is that they are easily available and anyone can apply for them. Many scholarships can be applied for at the same time. This will only improve your chances of being awarded one and it would be a great help for your college if you are awarded more than one.
Grants follow the same principle but require a co signer for the documents. Grants are easier than scholarships and a high GPA is needed to be maintained in order to qualify for scholarships.
Some facts you should know:
1. Scholarship search can be used to find scholarships easily.
2. College scholarships are free and any program requiring you to pay for applying for one should be considered a scam and avoided.
3. When online scholarships are applied for, you should receive a call from the organization or a confirmatory email within a few days of being granted. A scholarship search should give you a pin number or password.
4. Scholarships and other forms of financial aids can all be utilized in conjunction. Also, you can use multiple offers from each source for example; more than 1 scholarship or grants can be used at a time.
5. Scholarships from other private organizations can be used along with the one granted by the college you are attending.
6. You can apply for scholarships at any time, even if you aren’t currently enrolled in any school.
7. Student loans can be attained even with less credit.
8. Student loans are not necessarily the best options, scholarships should be considered instead.
Planning to give the best shot in both is a challenge.The key word here is balancing! 
Parents get frightened by the fact of to pay thousands of dollars for an education. 
For post secondary education, Federal government has launched loan program. 
Scholarship scams - because many students competing for scholarship.