How Much Time and Money Can Scholarships Save? [INFOGRAPHIC]

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Scholarships get you free money for school—but writing essays, getting recommendations, and sending in applications all take time. Is that time worth the money?

We looked at the average student loan debt ($25,250, according to the Project on Student Loan Debt) and saw which of the following let you pay it off fastest: scholarships, working part time in school, or working full time after graduation.

See what we found out in the infographic below.

(Click on image to enlarge.)
Are scholarships worth the time and effort? Yes! Especially when compared to working for the money.

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  1. Pam Kragt January 23, 2013 / 11:05 am

    But FINDING the scholarships to apply for is the problem. Do you have some SAFE websites for possible scholarships?

  2. Margie Lowe January 24, 2013 / 1:37 pm

    I wish the “it takes roughly 10 scholarship applications to win one scholarship award” applied to my daughter. She’s applied for well over 100 scholarships and only has one small award to show for it. But she keeps trying!

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