What is merit based scholarship?

Opportunities for Minority Groups Forum
1

Hi Guyz…

I’m starting to look into scholarship opportunities for college and keep coming across the term “merit-based scholarship.” I’m not entirely sure what this means and how it differs from other types of scholarships.

Can someone explain what a merit-based scholarship is? What criteria are typically considered, and how can one qualify for such a scholarship? Any tips on applying for these scholarships would also be appreciated!

Thanks in advance for your help…

2

Sure, I’d be happy to help!

A merit-based scholarship is a type of financial award given to students based on their academic, artistic, athletic, or other abilities, rather than on financial need. These scholarships are designed to reward students for their achievements and encourage continued excellence.

Criteria for Merit-Based Scholarships

  1. Academic Achievement: This is the most common criterion. It includes GPA, class rank, standardized test scores (like the SAT or ACT), and other academic honors.
  2. Extracurricular Activities: Participation and leadership in clubs, sports, community service, and other extracurricular activities.
  3. Special Talents or Skills: Demonstrated talents in areas such as music, art, sports, or other specific fields.
  4. Letters of Recommendation: Strong recommendations from teachers, coaches, or community leaders.
  5. Personal Essays: Well-written essays that showcase your achievements, goals, and character.

How to Qualify

  1. Maintain High Grades: Focus on keeping a strong GPA and taking challenging courses.
  2. Excel in Standardized Tests: Prepare thoroughly for tests like the SAT or ACT to achieve high scores.
  3. Be Active: Participate in extracurricular activities and seek leadership roles.
  4. Develop Your Talents: If you have a special talent or skill, work on honing it and gaining recognition.
  5. Gather Strong Recommendations: Build good relationships with teachers and mentors who can write supportive letters for you.
  6. Write Compelling Essays: Spend time crafting thoughtful and personal essays that highlight your strengths and aspirations.

Tips for Applying

  1. Start Early: Begin your search and application process as early as possible.
  2. Research Thoroughly: Look for scholarships that match your strengths and interests. Websites like Fastweb, Scholarships.com, and your school’s guidance office are good places to start.
  3. Stay Organized: Keep track of deadlines and required documents for each scholarship.
  4. Tailor Your Applications: Customize your application materials for each scholarship to highlight the most relevant aspects of your background and achievements.
  5. Seek Help: Don’t hesitate to ask for help from teachers, mentors, or scholarship advisors.

Applying for scholarships can be a competitive process, but with dedication and preparation, you can increase your chances of securing financial support for your education. Good luck!

3

Many of these colleges provide their scholarships, which are frequently determined by test results, rank, or GPA. Each school operates a little differently, so you should visit their websites. Regardless of college, you can also apply for external merit-based scholarships. The most well-known of these is the National Merit Award, which is mostly determined by PSAT scores.

4

There is no need for additional effort because some institutional merit scholarships are awarded immediately upon review of your application, eliminating the need for a separate application process.

Some college-specific awards, on the other hand, WILL need a separate application process; they will be detailed on the financial aid or scholarships page of the college.

Applying for EXTERNAL scholarships essentially requires you to conduct your research.

A few examples are the Gates and Coke scholarships.

5

You’re absolutely right! It’s crucial to pay attention to the specific requirements of each institution and scholarship.

For the college-specific awards that require separate applications, it’s beneficial to start early and keep track of deadlines.

Often, these applications might involve additional essays or recommendations, so giving yourself ample time is key.

When it comes to external scholarships like the Gates and Coke scholarships, it’s not just about meeting deadlines.

These highly competitive scholarships often look for well-rounded individuals with exceptional achievements, leadership qualities, and community involvement.

Crafting a compelling narrative and showcasing your unique strengths can make a significant difference.

Moreover, there are numerous other external scholarships available that might not be as widely known but still offer substantial financial support.

Websites like Fastweb, Scholarships.com, and the College Board’s Scholarship Search can be invaluable resources for finding these opportunities.

Remember to stay organized, keep a calendar of deadlines, and reach out to mentors or advisors for guidance.

With diligent research and careful preparation, you can maximize your chances of securing the financial aid you need.