zpostcode
Winning college scholarships: From need-based to merit
May 20, 2024 5:55 AM

  

Winning college scholarships: From need-based to merit1

  You’ve done a lot of prep work to narrow down your list of colleges and get those applications submitted. The next step in preparing for college is figuring out how to pay for tuition and other expenses. One way is through scholarships—money that you don’t have to pay back. Many types of scholarships are available, but how do you get them?

  Some college scholarships are based on need; others are based on your achievements or merit. Still other scholarships may be awarded because of your heritage, ethnic background, the clubs and activities you were in, or where your parent or legal guardian works.

  Fill out that FAFSAThe Free Application for Federal Student Aid (FAFSA) determines your Student Aid Index (SAI) and can identify some state and school grants and scholarships for which you might be eligible. If your college or university uses the College Scholarship Service (CSS) Profile, fill it out. (The CSS Profile is similar to the FAFSA and used by certain schools.) After you’ve been accepted, schools will inform you of your individualized financial aid package.

  Federal grants (including the Pell Grant)Federal student loans (subsidized and unsubsidized)Federal Work-Study programs State-level need-based grants School-level need-based grants and scholarships Some merit-based state and school scholarshipsWhat are need-based scholarships?Need-based scholarships award funds based on the cost of attendance at a given college compared to your family’s financial situation. Typically, a college uses the information provided on the FAFSA to determine if your situation merits a need-based scholarship. Each school has different parameters for calculating need, so just because you were awarded a need-based scholarship from one school doesn’t mean you’ll receive similar funds—or any at all—from other schools.

  There are also scholarships at the federal, state, and local levels that consider financial need. You may have to provide copies of bank statements, tax returns, or other documents if the organization doesn’t use the FAFSA or CSS Profile to determine your family’s monetary needs.

  What are merit-based scholarships?Scholarships are often awarded based on achievement or merit. You may qualify for scholarships based on your grades or your performance in athletics, performing arts, or leadership.

  If you take the Preliminary Scholastic Aptitude Test (PSAT) during your junior year of high school, you’re automatically entered into the National Merit Scholarship Program. The top 1% of test-takers qualify as semifinalists in the competition. These students must then complete an application, submit an essay, and meet other requirements. Less than 1% of semifinalists receive a scholarship.

  What other scholarships are there?Some companies and professional organizations offer scholarships to children of employees and members. These scholarships generally still require an application and may have a need or merit requirement. For example, you may have to have at least a B average to be awarded one of these scholarships.

  Heritage Ethnicity Disability Area of study A personal essay Unique traits or characteristics, such as being tall or a twin Random drawings and contestsYour high school is the best local scholarship sourceYou can find scholarships online by using one of many websites, such as Scholarships360, Scholarships.com, or The College Board’s BigFuture directory. But these sites list hundreds of scholarships nationwide, and it can be difficult to refine your search. A simpler way is to check with your high school guidance counselor or college admissions officer for a list of local scholarships. It’s much easier to win a scholarship if you’re only competing within your community rather than at the national level.

  Check with your school to see if alumni have set up any scholarships. You might find a scholarship for someone who participated in student government, for example, or a scholarship for someone who was in three different arts programs, such as choir, a radio station, and a theater program. Apply for these specific scholarships if you are eligible; less competition increases your chance of winning.

  The bottom lineChances are you won’t qualify for every available college scholarship, but there’s still plenty of free money to be found. And you have more control than you might think. Your efforts could make the difference between getting scholarship money or having to find other ways to pay for college, such as student loans.

  If you’re still in high school, get involved in activities that interest you. Try for that leadership position. Work an outside job (if you can). Do community service. Keep your grades up. Be sure to fill out the FAFSA and apply for any eligible scholarships.

  Finding ways to pay for college can be a lot of work, but those skills won’t be lost. You can use them to help grow your career once you have that hard-earned degree in hand.

  ReferencesTuition Exchange at a Glance | tuitionexchange.org Scholarships from Every Angle | scholarships360.org Scholarships by State | scholarships.com Scholarship Search | bigfuture.collegeboard.org [PDF] Guide to The National Merit Scholarship Program | nationalmerit.org

Comments
Welcome to zpostcode comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Recommend >
Rafi Bistritzer
  Rafi Bistritzer (born 1974, Israel) is an Israeli physicist known for his work on graphene.   Bistritzer was born into a family of physicians and seemed likely to follow them into the medical profession, but his first high-school physics teacher awoke in him an interest in physics. He received a bachelor’s degree in physics and computer science from Tel-Aviv University in...
Matthew Macfadyen
  Matthew Macfadyen (born October 17, 1974, Great Yarmouth, Norfolk, England) is a British stage and screen actor who has had a long and steady career playing a diverse set of characters, including the brooding Mr. Darcy in Pride & Prejudice (2005) and the irritatingly ambitious Tom Wambsgans in the HBO series Succession (2018–23).   Early life and career Macfadyen is the...
Lisa Kudrow
  Lisa Kudrow (born July 30, 1963, Los Angeles, California, U.S.) is an actress who excels at applying her keen comedic timing and delivery to offbeat, eccentric characters. She rose to fame portraying the free-spirited massage therapist and coffee-shop folk musician Phoebe Buffay on the popular sitcom Friends (1994–2004). She is also known for portraying the former sitcom actress Valerie Cherish...
Natalie Diaz
  Natalie Diaz (born September 4, 1978, Fort Mojave Indian Village, Needles, California, U.S.) is an American poet who won the 2021 Pulitzer Prize for poetry for her book Postcolonial Love Poem (2020). She is also a Native language activist working to revitalize the Mojave language.   Diaz grew up in the Fort Mojave Indian Village, on the Fort Mojave Indian Reservation,...
Information Recommendation
Matt Gaetz
  Matt Gaetz (born May 7, 1982, Hollywood, Florida, U.S.) is a lawyer and a congressman representing Florida’s 1st congressional district (2017– ). He is one of the most outspoken ultraconservative members of his party, has been a staunch defender of former U.S. president Donald Trump, and played a pivotal role in the ouster of Kevin McCarthy from his role as...
Percival Everett
  Percival Everett (born December 22, 1956, Fort Gordon (now Fort Eisenhower), Georgia, U.S.) is an American writer whose works reflect a wide range of subjects and styles and often deal head-on with philosophy and preconceptions concerning race. He has authored more than 30 books of fiction and poetry, including the novels I Am Not Sidney Poitier (2009), So Much Blue...
Linda Cardellini
     Linda CardelliniActress Linda Cardellini arriving at the 2020 Mercedes-Benz Annual Academy Viewing Party at Four Seasons Los Angeles at Beverly Hills, February 9, 2020.(more)Linda Cardellini (born June 25, 1975, Redwood City, California, U.S.) is a versatile actress who rose to prominence portraying teenager Lindsay Weir in the cult-classic coming-of-age television series Freaks and Geeks (1999–2000). She is also known...
Lisa Carrington
  Lisa Carrington (born June 23, 1989, Tauranga, New Zealand) is the most decorated New Zealand Olympian, having won six Olympic medals—five gold and one bronze—as a canoe sprint racer specializing in 200- and 500-meter races in a kayak. Carrington is also the first Māori woman to win an Olympic gold medal.   Early life Carrington is of Te Aitanga-a-Māhaki and Ngāti...
Lana Del Rey
     Lana Del ReySinger Lana Del Rey, 2023.(more)Lana Del Rey (born June 21, 1985, Manhattan, New York, U.S.) is an American singer-songwriter known for pairing glamorously morose musical themes with classic Americana and a nostalgic, cinematic visual style. Del Rey’s songs typically focus on relatable, melancholic experiences wrapped in a cultural pastiche of Hollywood’s golden era.   Early life The eldest...
Nolan Arenado
  Nolan Arenado (born April 16, 1991, Newport Beach, California, U.S.) is a professional baseball player considered to be one of the best all-around third basemen in Major League Baseball (MLB). An elite infielder, Arenado won the Gold Glove Award in each of his first 10 seasons. He made his MLB debut with the Colorado Rockies in 2013 and quickly became...
Pablo Jarillo-Herrero
  Pablo Jarillo-Herrero (born 1976, Valencia, Spain) is a Spanish physicist known for his work in the field of twistronics, the study of how the properties of layers of two-dimensional materials change when one layer is rotated with respect to the other.   Jarillo-Herrero received a bachelor’s degree in physics from the University of Valencia in Spain in 1999. He earned a...
Neil Sedaka
  Neil Sedaka (born March 13, 1939, Brooklyn, New York, U.S.) is an American singer, songwriter, composer, and pianist, one of the most prolific songwriters of his era, having written or cowritten more than 500 songs, including the hits “Calendar Girl” (1959), “Breaking Up Is Hard to Do” (1960), and “Happy Birthday, Sweet Sixteen” (1961). Although Sedaka himself performed many of...