How to Get Money from the College Board (And Why It’s Trickier Than You Think)
So, you’re thinking about how to get some cash from the College Board. Maybe you’re tired of their exorbitant test fees, or you’re just looking for a way to get some free money for college. Well, buckle up, because it’s not as straightforward as you might think.
The College Board: A Nonprofit That Makes A LOT of Money
Remember when your teacher told you that nonprofits don’t make a profit? Yeah, tell that to the College Board. They’re a 501(c)(3) organization, which means they’re exempt from paying taxes. But that doesn’t mean they’re not rolling in dough. In fact, they’re raking in over a billion dollars annually. Think about it: SATs, AP exams, PSATs – they’re all cash cows for the College Board.
The Catch
The College Board is a business, and like any business, their primary goal is to make a profit. So, getting money from them directly is a bit like trying to extract gold from a rock – it’s possible, but it takes a lot of effort and a bit of luck.
So, How Can You Get Money from the College Board?
Here’s the thing: the College Board doesn’t just hand out money like candy. It actually offers a few ways to get some cash, but they’re not exactly hiding it in plain sight:
- Scholarships: The College Board does offer various scholarship programs, both nationally and through partnerships with colleges and universities. But here’s the catch: these scholarships are competitive, and the application process can be time-consuming and stressful.
- Research Studies: The College Board might offer opportunities to participate in research studies, but these are usually limited to specific demographics and may not always be financially rewarding.
- Surveys: You might get a $10 gift card if you complete a survey after taking the SAT. However, these surveys are often targeted and not guaranteed for everyone.
- BigFuture Scholarship Search: You can earn entries to scholarship drawings by clicking “Go Apply” for scholarships on their BigFuture platform. But, don’t expect to win a large sum.
The Bottom Line: The College Board May Have Money, But Getting It Is a Challenge
While the College Board is a wealthy organization, it’s not in the business of giving away free money. You can try your luck with scholarships, research studies, and surveys, but don’t expect to get rich quick. Instead, focus on your education and try to secure scholarships and financial aid through other means.
The Real Way to Get Money for College
The College Board is a big player in the college admissions game, but they’re not the only one. Here’s where you should be focusing your energy:
- FAFSA (Free Application for Federal Student Aid): This is your golden ticket to federal grants, work-study programs, and student loans.
- College Financial Aid Offers: Once you’ve been accepted to colleges, they’ll send you financial aid packages. These packages might include scholarships, grants, and loans.
Don’t Be Fooled by Scams
Remember, the College Board is a legitimate organization. But be wary of scams that claim to offer free money or scholarships in exchange for your personal information. If it sounds too good to be true, it probably is.
Think Outside the Box (and the College Board)
Getting money for college is a marathon, not a sprint. Don’t rely solely on the College Board for financial aid. Explore other options, like:
- Private Scholarships: There are countless private scholarships available for students from various backgrounds and with different interests.
- Community Scholarships: Local organizations, businesses, and community groups often offer scholarships to students in their area.
- Work-Study Programs: Many colleges offer work-study programs that allow students to earn money while attending school.
Get Creative (and a Little Cunning)
Here’s a unique angle: Think like a marketer. The College Board wants to attract students, and they’re willing to pay for it. Here are some ideas:
- Become a College Board Research Subject: If you’re willing to participate in their research studies, you might be able to earn some money.
- Offer Your Expertise: Do you have a strong understanding of the college application process? Can you create compelling content for their website or social media? Reach out to the College Board and offer your services.
The Bottom Line: Don’t Be Afraid to Think Outside the Box
Getting money for college isn’t easy, but it’s not impossible. Don’t be afraid to get creative and think outside the box. And most importantly, remember that your education is an investment in your future.
Need More Help?
If you’re still looking for ways to get money for college, or you need help navigating the financial aid process, connect with us at JobLoving! We’re here to help you find the resources and support you need to succeed.