Should I even bother applying?

I completely agree with sybbie719, a college counselor, who joined CC in 2004 [ when I did] and has been a voice of reason on CC for years.

The list of highly competitive scholarships that Renaissance dad listed are offered to only a handful of students each year and usually those same students ALSO offered admissions to HYPS- in other words- the are HIGHLY COMPETITIVE and offered to highly accomplished tippy top students with standardized tests scores in the 1550+/ 35-36 range, not to students with ACT scores in the low 30’s.
We see this happening every year.

USC[ Southen Calif] offers ONLY 5 Stamps scholarships/ year- and they receive 40,000 applications.

Thinking you are likely to win one is like expecting to win the lottery!
They DO offer 100 + full tuition scholarships , divvied up by college so it would be wise to throw them an early application.

http://admission.usc.edu/docs/Scholarships.pdf

[ There is NO such thing at as a Chancellor’s Scholarship at USC[ Southern California] so perhaps RD was referring to U of South Carolina ?]
so sure , IF you are lucky to win one of those scholarships, then you can count your blessings.
BUT you need to apply to colleges where your admission, AS WELL AS the funding for your education, are ASSURED, not just hoped for.