Suggested Reading : What not to do as an International Student in USA
Now if you have sent your completed application in round 1 ( September to October) then you have a better chance of getting an scholarship. Also keep in mind that the college has limited number of funding/scholarship and it is usually first come first serve ( but of course ) merit basis. Having said that if you have a solid profile with a very good GRE score then you can still apply late and end up getting a scholarship. But why to take a risk so apply as early as you can.
Also when you apply to most of the universities you don't have to file a separate scholarship application. Usually they state that " If you are sending a packet for application then you would be automatically considered for scholarship".
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You would also want to look at my article : Travel Tips for International Students
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