What are merit-based scholarships
Merit-based scholarships are financial aid offered in recognition of student achievement. Merit-based scholarships can help students attain higher education opportunities that otherwise may be out of reach due to financial reasons. All scholarships are free money for college that you don’t have to pay back.
Eligibility requirements for merit-based scholarships
Before you apply to merit-based scholarships, make sure you check the eligibility requirements to see if you qualify. Some common eligibility requirements may include your GPA, community service, citizenship, plan to attend an accredited program, leadership potential, and submitting a FAFSA®. Scholarship eligibility requirements vary, so don’t assume you won’t qualify. Check them out!
Are merit-based scholarships worth my time
Some scholarships are quick and easy to apply for. Others require time and effort. Typically, fewer students apply to scholarships that require work which means you could have better odds of winning.
Pro tip? Don’t skip over merit-based scholarships that have smaller award amounts ($). There’s typically less competition for them—and they add up!