College students face the problem of paying for college since education has become expensive. Scholarships play a major role in solving the financial problems. Therefore, students should begin their search with scholarships so that their financial hassles are taken care of.
The chances of acquiring a scholarship increase if the search is started early. The students and their parents can start the search in their high school itself. High school guidance counselor or the libraries can be contacted for the list of scholarships to be awarded. Internet can also be utilized for the search. Applying for smaller scholarships is also beneficial since larger awards have greater competition.
Some of the misconceptions related to scholarships are listed here.
1. Scholarships are available only to the academically best students. The fact is that scholarships are actually awarded on the basis of field of study, sincerity, ethnicity and geographic location. Therefore, applying for regional and local scholarships can increase their chances of getting scholarships.
2. Many scholarships go unclaimed. In reality, very few scholarships go unused. It is tried to employ most of them to help students.
3. Scholarship searches should be paid. Actually, scholarship searches are services employed to help students find the suitable scholarships, so the ones that charge a fee should be avoided.
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.