Tuesday, June 30, 2020
What Role Should Your Past Play in Graduate Admissions
document.createElement('audio'); https://media.blubrry.com/admissions_straight_talk/p/www.accepted.com/hubfs/The_Past_Doesnt_Define_You_2017.mp3Podcast: Play in new window | Download | EmbedSubscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | TuneIn | SpotifyTodayââ¬â¢s one of those shows where Iââ¬â¢m going to be the sole presenter. I actually started preparing this show during the World Series way back in October. Yes, folks, after 108 years of losing, the Chicago Cubs finally won the World Series. At the same time, we were working (and have worked in the past) with amazing applicants who overcame hurdles ââ¬â sometimes large and sometimes small ââ¬â to get accepted either first time or via reapplication. To me, these events had much in common. The applicants and the Cubs didnââ¬â¢t let their past define them. They looked to the future. And thatââ¬â¢s what applicants need to do as they approach the admissions process ââ¬â both first-time applicants and reapplicants. While you canââ¬â¢t and shouldnââ¬â¢t ignore your background and previous experiences ââ¬â both good and bad ââ¬â I find that applicants tend to focus inordinately on the past and way too little on the future. Focus on The Future Letââ¬â¢s start with first-time applicants, because what I say here really applies to both first-time and re-applicants. I sometimes get inquiries from applicants that start with what theyââ¬â¢ve done in the past. And certainly, past achievements and blemishes are critical to this arduous process that youââ¬â¢re going through. They have to be dealt with, but the starting place for your application has to be your goals: What do you want to do when you finish your education? The answer to that question determines what degree you seek. The future you see for yourself is really the starting point of your application. What Role Does Your Past Play? Once you have that first ingredient of a successful application, you need to season it and perhaps temper it with your past. Your past will show if you are competitive in ways other than your goal. Look to see that you meet the requirements of your target programs (appropriate degree, required classes, test scores, relevant experience if required). Then evaluate your competitiveness by comparing your profile with the class profiles and other qualitative information available from your target programs and perhaps its students and recent alumni. You should be competitive at most of the programs you are applying to. If not, you have to either improve your qualifications or change your target schools. Realize that for the overwhelming majority of you, there are multiple paths to achieving your goal. You donââ¬â¢t all have to go to Harvard or Top Choice Grad School to be the doctor, lawyer, business person, academician or whatever that you want to be. If Top Choice U (and its close cousins that are probably out of reach) didnââ¬â¢t exist, what you would you do? What would be your plan then? Would it be Second-Tier U that still has excellent placement in the kinds of firms you want to work for or the specialties youââ¬â¢d love to match at? Would it be a different career path? Or, you can choose to improve your qualifications to become competitive at Top Choice U. We have lots of information on the site, www.accepted.com, about overcoming all kinds of weaknesses. How to Change Your Chances But if you donââ¬â¢t want to change your goal, or change the schools you want to target, then you may need to change YOU to compete effectively in an intensely competitive process. This is where not letting your past define you really comes into play. If you have poor study skills, take advantage of courses and resources to improve those skills ââ¬â either at your undergraduate institution or through extension courses. If you had poor undergraduate grades, check out our podcast episode onà how to mitigate them. If your test score is keeping you up at night, consider changing your method of study and retaking the exam. If you did self-study to this point, try a course ââ¬â online or offline, whichever works for you. If you tried a course previously, try tutoring now. But you must change something if you want to expect a different outcome. If you come from a disadvantaged background or had a few bumps in the road of life, listen to the stories of people who have refused to let the bumps in their lives deter them from achieving their goals. I highly recommend ââ¬Å"The Unbelievable Story of an Orthopedic Surgeon or ââ¬Å"Wharton MBA Student, Single Mom, Entrepreneur. Or check out the story of Elad Shoushan, an MIT MBA who created a highly successful test prep app after struggling with the GMAT. Tips for Reapplicants Now letââ¬â¢s look at reapplicants, where I think the maximââ¬â¢s applicability may be more obvious. Yes, youââ¬â¢ve been rejected (or think you will shortly be rejected) from your target schools. Youââ¬â¢re disappointed. Frustrated. Maybe a little embarrassed. But this is a setback. It doesnââ¬â¢t automatically need to be the end of your dreams, unless you decide the dream no longer appeals or simply isnââ¬â¢t feasible for you. If that dream no longer attracts you or isnââ¬â¢t worth the effort necessary to make it feasible, thatââ¬â¢s OK. Research other paths and goals and dreams, and go after them. The fact that this application or dream didnââ¬â¢t work, doesnââ¬â¢t mean you wonââ¬â¢t succeed at others. Furthermore, you may look back and say that you are glad things worked out as they did, because in the future you may realize your new path really was best for you. This has happened several times in my life, and if you keep perspective, it may be happening in yours. Alternatively, you may decide that this dream, this goal, still is what you want to pursue. It animates and motivates you. You want it. You need to try again. Great. The first step to a successful re-application is an evaluation of your last attempt so that you can improve. Again, the past doesnââ¬â¢t have to define or limit you. Reapplying Strategically Realize that rejection is caused by one of the following four reasons in broad strokes: 1. You simply werenââ¬â¢t competitive. 2. You were competitive at your target programs, but failed to effectively present your qualifications. 3. You did a good job on 1 2, but were a victim of the numbers and intense competition at your target schools. (Donââ¬â¢t assume this was the sole reason.) 4. A combination of the above. Itââ¬â¢s easiest to point to a sub-standard GPA, test score, or some other quantitative element that isnââ¬â¢t up to snuff because numbers are so concrete. However, an unappealing presentation of your qualifications (for example, sloppiness in your application or failing to show fit) is just as dangerous, especially at highly competitive programs, be they MD, MBA, JD or whatever. Being a victim of numbers and competition, almost always implies weakness in presentation, which means that that combo comes into play a lot. To make sure that you have a different outcome next time around, you must improve whatever you feel is weak. Sometimes thatââ¬â¢s easier said than done, but thatââ¬â¢s your mission as you reapply. Furthermore, even if you feel that you presented yourself well via your essay and that your academic stats were the issue, you still need to show commitment to the process and growth from your last application; I strongly discourage submitting the same personal statement or application essay as you sent in last year. Doing will so will damage your chances of acceptance. For advice on mitigating less-than-stellar grades, please see our podcast episode, What to do About a Low GPA. Low test scores? Well, the best thing to do is prepare again and raise them. I know thatââ¬â¢s much easier said than done, but thatââ¬â¢s the reality of the situation. We have tons of advice on the site related to writing your essays and resumes/CVs and presenting your story to schools. Just go to Accepted.com and click on the area that you are pursuing to access these resources. Iââ¬â¢d like to highlight one podcast, Focus on Fit. I devoted the entire podcast to demonstrating fit and outlined four key elements necessary to do so. Finally, if you really donââ¬â¢t feel you can improve those stats or the presentation of your qualifications, then you may have to change the way you achieve your goals. If you are pre-med, you may need to apply to lower ranked MD programs or osteopathic programs and not exclusively to top ranked allopathic programs. If you want to get an MBA to begin your career as a strategy consultant and canââ¬â¢t get into the top M/B/B feeder schools, consider achieving your goal in stages. Start at a program that sends grads into second-tier consulting firms, and plan to work your way over to the elite strategy firms or climb at these companies so that you get the best assignments. Youââ¬â¢ll still be doing the work you want to do. Related Links: â⬠¢ Resources for MBA Applicants â⬠¢ Resources for Medical School Applicants â⬠¢ Resources for Law School Applicants â⬠¢ Resources for Grad School Applicants Related Shows: â⬠¢Ã The Unbelievable Story of an Orthopedic Surgeon â⬠¢Ã What to do About a Low GPA â⬠¢Ã Wharton MBA Student, Single Mom, Entrepreneur â⬠¢Ã Individual Mobile Test Prep and the MIT Sloan MBA Who Created It Subscribe: hbspt.cta.load(58291, '4856c9da-9260-42e6-b6ed-f5ac00cf74ce', {});
Monday, June 8, 2020
What Are Merit Scholarships
HomeFinanceFinancial aidWhat Are Merit Scholarships?This page may contain affiliate links.Nov 12, 2019Donââ¬â¢t good grades matter anymore? Many parents with children who excel in school are frustrated by the lack of funding for these bright students. While there seem to be thousands of scholarships available, many are highly specialized and not all students qualify. Filling out private scholarship applications can become a full-time job, for a paltry $100 or $500 one-time awards. Understanding merit based scholarships and how they fit in to the overall college funding picture is vital. Letââ¬â¢s take a look at the merit of these merit scholarships. What Are Merit Scholarships? Are Merit Scholarships The Same As Private Scholarships? When we talk about private scholarships, weââ¬â¢re talking specifically about those scholarships not awarded by the school or a government program. Private scholarships come from corporations, non-profits, and community organizations. The problem is that most of these awards are quite small, and thereââ¬â¢s a ton of competition. About 7 percent of undergrad students receive private scholarships, and the average value is under $2,000. Given that in-state tuition is around $25,000 a year and a private school is close to twice as much, is it really worth the time and effort to search for merit based private scholarships? [Are Private Scholarships Worth The Effort?] There are some high-dollar scholarships, but they tend to have one winner in thousands of applicants. National Merit Scholarships are only $2,500 $7,000 per year, and they are among the largest awards available. The bottom line with private scholarships is that your best bet is to apply for locally available awards. Enjoy what you can get, but donââ¬â¢t expect to make a big dent in the cost of school. State and College Merit Scholarships The state and individual colleges also offer merit scholarships. These are simple to apply for ââ¬â many times all you have to do is submit the FAFSA and college application. If you want to follow the 80/20 rule for finding scholarship money, then focus your time on findingcolleges that offer merit based scholarships and target those where your student is more likely to receive one. Colleges provide merit scholarships as an incentive for students, in the top quarter of the schools test score/gpa range, to attend their institution. Generally, these students have academic qualifications that would contribute to improving the collegeââ¬â¢s academic profile. At some schools, students are automatically considered for merit scholarships and the requirements are even posted on the schools website. At other schools, students may need to apply for these scholarships and be aware of the schools deadlines for being considered, which may be earlier than regular admissions deadlines. [Using Data To Find Merit Scholarships] Keep in mind that schools can set their own standards for maintaining a scholarship from year to year. Many schools require a specific GPA before a tuition scholarship or other merit aid can be applied to the sophomore year. That GPA must be maintained to keep the scholarship for the junior and senior years as well. Its important you and your student understand all the requirements for maintaining whatever merit based scholarships that have been awarded by the school. Sometimes a school or state award only applies to the freshman year. Keep that in mind as you prepare to pay for college ââ¬â you may find that the freshman year has the most funding available, and money decreases over time. This is something to ask if and when your student is offered a merit scholarship. Find out how many years the scholarship is for. Look For A Mix Of College Funding With the cost of school increasing, and the number of college-bound students growing as well, there will continue to be more competition for the same funding. Instead of just counting on good grades to give your student a full ride, expect to pull together money to pay for college from a variety of sources. If you want to minimize college debt, look for ways to save for school as early as possible. Re-evaluate your household expenses to see if there are ways to cut costs and use that money to put towards college. Encourage your student to do well in school and get college credits while in high school by either taking AP classes and/or dual enrollment classes at a local college. You can encourage ââ¬â or require ââ¬â your student to start with a low-cost community college before transferring to finish a four-year degree. Or, you can steer your child to schools that are the most likely to award need-based and merit aid. Paying for college is a big challenge for many families. Weââ¬â¢re here to make it easier. Take a look at our resources on cutting costs, winning maximum aid, and more!
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