Merit Based Scholarships And Grants. There are many scholarship opportunities available for low-income students. Many scholarships have financial criteria, such as the federal Pell Grant or the amount of family income that can be expected. Below are a few of the more popular merit-based scholarships and grants.
College Grants and Scholarships You Don’t Want to Miss:
College costs continue to rise every year, making it hard for students to find the money they need to finance their education. Fortunately, there are plenty of college grants and scholarships that can help you cover the costs of school without having to take out loans or scrounge up money from other sources. The following list of grants and scholarships will help you find money in places you may not have considered before, so keep reading to learn more about these incredible opportunities.
Financial Aid:
College is an investment that doesn’t have to break the bank. It’s important to take advantage of as many options for paying for your education as possible, so you can take out the least amount of loans. There are lots of different types of financial aid available, including grants, scholarships, loans, work-study programs, and more.
What are non-merit and merit scholarships?
Scholarships that are not merit-based or scholarships that are entirely merit-based.
Non-merit scholarships usually take into account factors such as socioeconomic status, race, ethnicity, religion, sex, gender identity or expression, sexual orientation, geography and home country. Some non-merit scholarships are awarded based on information about the student’s situation outside of their schoolwork. Merit-based scholarships reward students for good grades, which can be difficult when you don’t have the resources needed to get the best education possible.
How much do college scholarships pay?
College grants can provide a little or no money, whereas scholarships often offer larger dollar amounts. For example, at the University of Phoenix, where tuition is around $15,000 per year, the student grants are all less than $1,000 while most scholarships pay $5,000-$7,500 per year.
Don’t rely solely on college scholarships and grants when you decide on what school to attend. Evaluate your choices carefully. Some colleges may be more expensive than others, but that’s not always the case. Colleges with higher tuitions may also have lower cost living expenses in their surrounding area. For example, at Dartmouth College in Hanover, New Hampshire, tuition is about $59,000 per year with room and board costs of about $12,000.
Scholly: free mobile app:
Scholly is the world’s first college scholarship and financial aid search engine, designed with today’s smart phone, tablet, and laptop users in mind. The app makes it easy for students to explore their options by allowing them time flexibility.
Establish a relationship with your high school guidance counselor:
Your high school guidance counselor is your one-stop source for information on scholarships, grants, internships, universities and more. Whether you are just entering high school or about to graduate, your counselor can answer any questions you may have. Remember that many of the scholarships only apply if you apply by a certain date! Make sure to stay up-to-date with deadlines.
What’s next after you get accepted?
Congratulations on getting accepted into your dream school! But you’re not finished yet. That letter from the college likely also came with a financial aid award letter, which will go into detail about how much need-based financial aid, federal loans, or scholarships you may be eligible for based on your FAFSA.
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