SALT LAKE CITY–TFS Scholarships is the most comprehensive free online resource for higher education funding connecting students to more than 7 million scholarships representing more than $41 billion in aid.
It was founded in 1987 after Richard Sorensen’s father, an inner-city high school principal, bemoaned the lack of good scholarship resources for his students.
High school seniors now applying for college should also be applying for scholarships, according to Richard Sorensen, an expert with more than 30 years experience helping students find scholarships.
“College bound students should spend four to five hours a week looking for scholarships, starting in the fall of their senior year,” says Sorensen, President of TFS Scholarships. “They should think about finding scholarships like it’s a part time job.”
A scholarship, unlike a student loan, is free money and should always be the first place students look for help in funding their college education. The majority of the scholarship opportunities featured on the TFS Scholarships website come directly from colleges and universities, rather than solely from competitive national pools, thereby increasing the chances of finding scholarships.
“There are new scholarships posted on the site every month, each with different deadlines and time frames,” says Sorensen. “There is plenty of aid out there and a lot of it goes untouched. If a student is diligent, they’ll find it.”
TFS Scholarships also posts a new scholarship opportunity every day on its Twitter, Facebook and Instagram social media accounts (@TFSscholarships), making it easy to find new scholarship opportunities. “We call it ‘The Scholarship of the Day,’” says Sorensen. “Most of the scholarships are available for all students so if a student or their parents follow us, they will have the opportunity to apply for more than 300 scholarships every year from this source alone.”
TFS takes it a step further, digging deeper into localized scholarships. “If you wanted to go to Arizona State, for example, we have scholarships specific to that school,” says Sorensen.
Each month TFS adds more than 5,000 new scholarships to its database in an effort to stay current with national scholarship growth rates – maximizing the number of opportunities students have to earn funding for their education.
Once students have their scholarships in hand, how they manage them can have important implications. It is up to the student to inform the school of the scholarship.
“The truth is, the money is going to be sent to the school in most cases,” says Sorensen. “If the money is going to tuition and books, it’s tax free. But it is taxable if they use it for living expenses. And if students get more money in scholarships than their direct expenses, they get the difference back from the school,” says Sorensen.
The TFS website also provides financial aid information, resources about federal and private student loan programs, and a Career Aptitude Quiz that helps students identify the degrees and professions that best fit their skills.
Thanks to the financial support of Wells Fargo, TFS has remained a free, online service that effectively connects students with college funding resources to fuel their academic future. “Students trust us with a lot of their personal information and we respect that,” says Sorensen. “With TFS, they never have to be worried about being bombarded by spam.”
For more information about Tuition Funding Sources visit tuitionfundingsources.com.
About TFS Scholarships
TFS Scholarships (TFS) is an independent service that provides free access to scholarship opportunities for aspiring and current undergraduate, graduate, and professional students. Founded in 1987, TFS began as a passion project to help students and has grown into the most comprehensive online resource for higher education funding. Today, TFS is a trusted place where students and families enjoy free access to more than 7 million scholarships representing more than $41 billion in college funding. In addition to its vast database that’s refreshed with 5,000 new scholarships every month, TFS also offers information about career planning, financial aid, and federal and private student loan programs as part of its commitment to helping students fund their future. Learn more at tuitionfundingsources.com.