What Colleges Give Merit Scholarships – Merit scholarships are awarded to students based on outstanding performance in academics, athletics or other special skills. Here’s how to sign up.
The cost of higher education is getting more and more expensive. So it’s normal to be worried about how to pay for it.
What Colleges Give Merit Scholarships
Leaving school with tens of thousands of dollars in student loan debt isn’t ideal, but that seems to be the case for many students.
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Scholarships and grants make up about 25% of the funding for the average college student. And one of the best parts is that with literally hundreds of thousands of scholarships available, there is bound to be one that you qualify for.
But we also can’t deny that the scholarship search process can be daunting, and having resources to help you along the way can make a huge difference.
There are many types of scholarships available. Some are based on your finances, but others are based solely on merit—such as your grades, test scores, and extracurricular activities.
We’ll cover exactly what a merit scholarship is and how it differs from a need-based scholarship. We’ll then guide you through how to find the ones you’re eligible for and how to apply.
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If you have demonstrated academic or athletic success, leadership, or community service during your high school years, you may be able to find a merit scholarship to help pay for college.
Scholarships, like grants, are a form of free support. In other words, you don’t have to pay it back after you graduate—unlike student loans.
A merit-based scholarship is based solely on personal achievement. Whether you qualify has nothing to do with your financial situation.
On the other hand, need-based scholarships are for students who need financial aid for college and have a FAFSA that demonstrates that need.
Which Colleges Will Give Me The Most Merit Scholarships?
A well-known need-based aid program is the federal Pell Grant. However, there are also plenty of universities and private institutions that offer scholarships to those from low- and middle-income families.
Depending on your situation, you may find that you qualify for merit-based and need-based scholarships. Regardless, remember: the worst thing you can hear is no, so it’s always worth applying if you’re eligible.
There are many types of merit-based scholarships. You can apply for scholarships from your school, nonprofits, local businesses—even your parents’ employers.
When you apply to college, you’re not just competing with other students for the best schools. The best schools also compete with each other for the best students.
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And one way schools do this is by offering merit scholarships and other forms of financial aid to current and prospective students.
Some merit-based aid is awarded by schools automatically when your application is accepted, while other scholarships require you to apply.
Tens of thousands of private institutions provide merit-based scholarships to students at various levels of education—everything from bachelor’s programs to doctorates.
It’s impossible to overstate how widespread these scholarships are—everything from small businesses to local nonprofits to global corporations offer financial assistance to promising students.
Scholarships And Grants
Many local businesses and organizations offer merit-based scholarships to high-achieving local students. Your local community foundation is a great place to start looking for scholarships.
The cost of college involves much more than just tuition. In fact, tuition alone often makes up less than half of your total bill for the academic year. When applying for merit scholarships, it’s important to know up front what they’re paying for.
If you receive a merit award from your school, it will be applied directly to your tuition before you see the bill.
These scholarships are often limited to school-paid expenses, which may include tuition, fees, and room and board. Sometimes you can only use the scholarship to pay tuition, which means if your tuition is already covered, you can’t use the money.
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In that case, it is a good idea to apply for scholarships from other organizations that send scholarship money directly to students by check or direct deposit.
When the money is sent directly to you, you can also use those scholarship dollars for personal living expenses like rent, food, and supplies.
When applying for scholarships, read the fine print for restrictions on what you can spend the money on. If the scholarship sponsor insists that you spend the money only on educational expenses, they will likely state this.
With literally hundreds of thousands of scholarships available, you must be eligible for one. The problem is finding the right ones for you. And with so much to choose from, it can be daunting to even get started.
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One important piece of advice we can share is to start your scholarship search early.
Many people don’t think to start applying for scholarships until they are in their senior year of high school.
But many scholarship programs are also open to sophomores and juniors. And the earlier you start, the better your chances of applying and getting scholarships.
Imagine being able to start your senior year already after building a savings account with your scholarship money. You could better plan your finances for school and have more peace of mind that you are not dependent on student loan debt.
What Is A Merit Scholarship?
Once you have been accepted to a university, contact the financial aid office and ask what scholarships are available.
If you’ve been accepted to multiple schools, you can even compare scholarship options between them and factor that into your school selection decision.
Let your school’s financial aid office know that you would like to attend their school, but you need to make a financially smart choice for you and your family.
Schools want to attract the best students, so they may be willing to offer additional merit scholarships to entice you to attend their institution.
Penn State University Merit Scholarships
It’s likely that local businesses and community organizations in your area will offer scholarships to local students. Check out local groups’ websites or even contact them directly.
You can also check with your high school guidance counselor. Many compile lists of local scholarships for students to apply for.
Instead of constantly showing scholarships that don’t match, you can share information about yourself and it will show you scholarships that do.
With a simple Google search, you can wade through thousands of results, many of which will not be relevant to you or even no longer exist. a targeted approach ensures that you don’t waste time.
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When you sign up for the service , you get access to thousands of scholarships to match, plus scholarship discounts with hundreds of new scholarship opportunities.
It identifies the most suitable ones so you don’t have to go through them all yourself.
You may worry that you won’t qualify for any merit scholarships, especially if you don’t have a high GPA or if you haven’t achieved any outstanding achievements during your high school years.
It is true that large scholarships have a large pool of applicants. And with an average GPA, it can be hard to compete. But no matter what your unique skill set is, you need to have a scholarship to match it.
Things To Know About Merit Aid Scholarships
Here are just a few examples of the unique scholarship opportunities available to students who are willing to think outside the box:
As a result, there is no hard and fast rule on how to apply for them. However, here are some general steps to follow:
Merit scholarships are a great way to supplement your government and school financial aid. Finding them and applying for them can be tedious, but it’s often a better option than taking out a student loan.
There are hundreds of thousands of scholarships available, and eligibility includes any type of merit you can think of, from academics to athletics and everything in between. If you have a special skill set or achievement, there’s a good chance you’ll get a merit scholarship for it.
Some States Move Toward Financial Aid Based On Need Rather Than Merit
Makes it easy to find the best financial aid and scholarship opportunities for you. Get started by registering today. Maybe you took the SAT or ACT and got a really good score, but you’re not sure how to make the most of it. Or maybe you haven’t taken the SAT or ACT yet, but you’re wondering how important the tests are. One way you can optimize your score is to find guaranteed SAT scholarships or guaranteed ACT scholarships. In this post, we’ll show you some of the high SAT score scholarships and high ACT score scholarships you can get. You can earn thousands of dollars in scholarships based on your tests alone. Are you curious how to do it? We’ll show you where you can get scholarships based on ACT scores and scholarships based on SAT scores. ACT Score Scholarships and SAT Score Scholarships This post focuses on scholarships offered by colleges and universities themselves. Why? Many private scholarships, while lucrative, involve full, undergraduate applications, including letters of recommendation and essays. There are many other smaller scholarships based on essays, personal circumstances, or even your parent’s employer. While we don’t advise you not to apply for them, this post will focus on the scholarships that any student can automatically win from universities based on test scores alone.
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