Scholarship Consulting Business Plan

ScholarshipAssist offers college scholarship assistance to college students. There are many scholarships available that would help make college affordable for most people.

Unlike loans which require repayment, scholarships are “gifts” that generally do not need to be repaid. Many scholarships have initial prerequisites as well as performance requirements for the recipient while they are in school receiving aid.

Some scholarships have initial prerequisites such as financial need, aptitude/scholastic performance, ethnicity, association membership, etc. Many of the scholarships also have performance benchmarks that must be met while the person is receiving the aid such as a certain grade point average, avoiding academic probation, etc.

Each organization that offers scholarships have their own requirements and these requirements are at the discretion of each organization.

There are thousands of scholarships available that the potential applicants are not aware of. This is where ScholarshipAssist offers value. Their two primary services are:

• Provide the client with a list of possible scholarships from ScholarshipAssist’s master database that would be the most likely options. This database is a collection of many different available scholarships, a list that ScholarshipAssist has spent countless hours researching and continually updates.
• Increase the likelihood that the client receives a scholarship for each one that they apply to. By leveraging ScholarshipAssist’s knowledge of how scholarship recipients are chosen and passing this information on to its clients, it increases the strength of its clients application. ScholarshipAssist is also able to offer individualized suggestions specific to the different scholarships.

ScholarshipAssist fee structure is based on an incentivized performance compensation model where it gets paid if it successfully helps the client realize the scholarship. This is the proper fee model because it forces ScholarshipAssist to perform and it encourages many potential customers to sign up since payment is contingent on them getting money, a win-win situation.