A person, planning on attending college and who already has a scholarship just might be able to receive more monies with a guaranteed scholarship for college. Very good SAT, ACT or a high GPA may get you some more financial aid in the form of guaranteed scholarships. Just fill out the paperwork in your college financial aids office and you may be good to go. Those who have been given an outstanding award because of some sort of high set of achievements may also be in the money too, because this is how some colleges award these guaranteed scholarships. If you fit the description of what they are looking for then the money is yours.