Need based scholarships are given to students who show financial need. These awards determine eligibility based on family income. Financial need may come from filling out the FAFSA. About 58% of low income families used need based scholarships in 2019, according to a Sallie Mae study. A scholarship is a monetary gift. you typically do not to pay back the funds compared to a student loan. So receiving a scholarship may make college more affordable.
10 Scholarships for Financial Need You Should Apply for
There are plenty of need based scholarships for college students. Start your scholarship search with these ten awards. Then look for more scholarship opportunities based on your goals, major and interests.
GE Reagan Foundation Scholarship Program
Dell Scholarship Program
Jackie Robinson Foundation Scholarship
Jeannette Rankin Women’s Scholarship
UNCF Koch Scholarships
Smith College Need Based Financial Aid
Anarcha, Betsy, and Lucy Memorial Scholarship Award
AKA Educational Advancement Foundation Graduate Financial Need
National Association of Hispanic Nurses Scholarships
Educational Opportunity Fund (EOF) – Graduate Student Grant (NJ)
How Do You Qualify for Need Based Scholarships?
To qualify for need based scholarships, the first step is to fill out the FAFSA. The Free Application for Federal Student Aid is a standard form to determine financial aid. The federal government, states and colleges use it. FAFSA forms are available on October 1st so make sure to apply by the deadline.
The FAFSA asks questions about family income, taxes, and other assets. This helps find what you are able to pay or your expected family contribution (EFC). You also list the colleges you applied to and the cost of attendance. Based on the math: COA minus EFC equals your unmet financial need. Keep in mind that tuition may vary over time but your EFC could stay the same.
Here are some general eligibility requirements for need based scholarships:
Full time enrollment status
U.S. citizen or legal resident
Plans to attend an accredited two or four year college in the United States
Have a high school diploma or GED
With all these factors, there are need based scholarships for students majoring in certain subjects. UNCF STEM Scholars Program is one example. This award is for Black high school students. You must have at least 3.0 GPA and plans to pursue a STEM career.
What is the difference between need based and merit scholarships?
Need based scholarship is given to family assets and income while merit scholarships are based on academic success. The main goal of need based aid is to make college more affordable for low income families. Your GPA and test scores may not be a factor in receiving financial need awards. Assuming need is not a criteria, undergraduate students of all income levels may also qualify for merit scholarships.
Merit scholarships are for high achieving students. They look at academic achievements. You typically need a strong GPA and test scores in order to qualify. Other criteria such as community service, leadership, and other talents could help you earn a merit award.
Where Do You Find Scholarships Based on Financial Need?
Many high schools, colleges, companies and nonprofits provide need based college scholarships. Federal and state governments also offer financial aid based on need. You should also look for local awards within your community. Your scholarship search should include awards based on your academic achievements, major, and personal interests.
The Jack Kent Cooke Foundation College Scholarship Program is for high school seniors with financial need. Eligible students may receive up to $40,000. You must be attending a four year undergraduate school. Many Cooke scholars exhibit a 3.5 GPA or higher and participate in community service projects. If you are selected, you may work with an education adviser. You also may attend a Scholars Weekend event in Washington D.C.
Jeannette Rankin Women’s Scholarship Fund is for women over 35 years old who show unmet financial need. JRF Scholars may receive up to $8,000. The award empowers non traditional students to pursue undergraduate program or trade skills certification.
Federal and State Government
The U.S. Department of Education offers need based aid as grants and work study. Once your school’s financial aid office has your FAFSA, it uses your EFC to make you an offer. It’s also called an award letter. It states the types of aid available, total amounts and outstanding cost. The letter may state a college scholarship especially if you’re a first year student.
This is the largest need based federal grant program. Amounts change but the maximum amount is $6,345 for the 2020 to 2021 academic year. According to Sallie Mae’s How America Pays for College 2020 report, 48% of families relied on grants to pay for college. Although grants are renewable, you may have to keep up with the terms and reapply each year.
This program allows eligible students to earn money to pay for school through a part time job. As a rule, you must apply and interview for these jobs. You may find on campus or off campus work. Some typical work study jobs include office assistant, lab research, cafe worker, and others.
Some colleges offer TEACH Grant eligible programs. If you’re enrolled as an undergraduate, post bachelor’s or grad student at one of these schools you may qualify. Eligible applicants need a 3.25 GPA and must sign a service contract. This states that upon graduation, you agree to teach in a high need field, full time and at a school that serves low income students. In return, this federal grant provides up to $4,000 per year.
Many states have a certain amount of need based grants. You may have to fill out a FAFSA as well as state form and be accepted to a public four year college in your state. Just make sure to meet all application deadlines since they may differ.
APCF was founded in 1990 by API community leaders in response to the need for alternative funding for Los Angeles-based nonprofit organizations serving API communities. Since 2011, APCF has partnered with donors such as local companies and family foundations to offer scholarship programs to financially assist students in their pursuit of higher education.
All of the scholarships have an online application. The online applications can be found at https://www.apcf.org/scholarships
Application requires student to list out community service activities, disclose some family financial information, and answer 5-350 word essay prompts.
APCF was founded in 1990 by API community leaders in response to the need for alternative funding for Los Angeles-based nonprofit organizations serving API communities. Since 2011, APCF has partnered with donors such as local companies and family foundations to offer scholarship programs to financially assist students in their pursuit of higher education.
APCF was founded in 1990 by API community leaders in response to the need for alternative funding for Los Angeles-based nonprofit organizations serving API communities. Since 2011, APCF has partnered with donors such as local companies and family foundations to offer scholarship programs to financially assist students in their pursuit of higher education.
All of the scholarships have an online application and recommender form that can only be found on our site. The online applications can be found at https://www.apcf.org/scholarships
Application requires student to list out community service activities, disclose some family financial information, and answer 2-500 word essay prompts. The applicant must share the recommender form link with their preferred advisor for submission.
APCF was founded in 1990 by API community leaders in response to the need for alternative funding for Los Angeles-based nonprofit organizations serving API communities. Since 2011, APCF has partnered with donors such as local companies and family foundations to offer scholarship programs to financially assist students in their pursuit of higher education.
All of the scholarships have an online application and recommender form that can only be found on our site. The online applications can be found at https://www.apcf.org/scholarships
Application requires student to list out community service activities, disclose some family financial information, and answer 2-500 word essay prompts. The applicant must share the recommender form link with their preferred advisor for submission.
APCF was founded in 1990 by API community leaders in response to the need for alternative funding for Los Angeles-based nonprofit organizations serving API communities. Since 2011, APCF has partnered with donors such as local companies and family foundations to offer scholarship programs to financially assist students in their pursuit of higher education.
All of the scholarships have an online application and recommender form that can only be found on our site. The online applications can be found at https://www.apcf.org/scholarships
Application requires student to list out community service activities, disclose some family financial information, and answer 2-500 word essay prompts. The applicant must share the recommender form link with their preferred advisor for submission.
Red Boucher and his family came to Alaska after his service in the Navy. They settled in Fairbanks in 1958 after John F. Kennedy, whom he campaigned for, told him there was great potential in the far north territory. He founded the Fairbanks Goldpanners baseball team in the 1960s, setting up the roots of the Alaska Baseball League. He served on the Fairbanks City Council before becoming mayor in 1966. He was elected lieutenant governor of Alaska under the second administration of Governor William Allen Egan, serving from 1970 to 1974. Afterwards, served in the Alaska House of Representatives and Anchorage Assembly. He also had an interest in telecommunications, sparked by the first Apple computers, and became known as a telecommunications whiz whose successes included a crusade to boost Internet access in remote Alaska villages.
As an estate planning attorney and a father, I’ve seen the financial impact on families with the soaring costs of college. This annual scholarship is to help aid one winner that shows merit, grit, financial need, and good academic standing.
“InterMaths – Interdisciplinary Mathematics” is a 2-Year full-time Erasmus Mundus Joint Master Degree, funded by the European Commission. It is coordinated by the University of L’Aquila (Italy) and involves other 4 EU leading universities: Hamburg University of Technology (TUHH), Vienna University of Technology (TUW), Autonomous University of Barcelona (UAB), University of Côte d’Azur in Nice (UCA)
Application is open to students of any nationality. Academic Requirements. Bachelor’s Degree in Mathematics, Applied Mathematics, Physics, Engineering or another similar field with a very strong mathematical background (BS, BSc, SB, etc. or a degree at the same level as an academic Bachelor’s Degree, e.g. its equivalent from a college, university, or technical school of high standing, or 180 ECTS credits in the European system). All applicants are required to prove an advanced level of English (CEFR B2/C1 level).
The BeautySchoolsDirectory.com team is proud to offer a $2,500 scholarship for students and professionals changing others’ lives through wellness and beauty. If you’re ready to begin a fulfilling and rewarding career in the beauty and wellness industry, or if you are continuing your education to pursue your next career goal, submit the application form below for the chance to win a $2,500 scholarship toward your tuition and education expenses.
The Steps For Change Scholarship is an income and merit-based renewable scholarship awarded to high school seniors applying to a college or university to further their career goals. Students from low-income families are recognized for their capacity to lead and commitment to making a significant impact on communities. Award recipients must display academic excellence, exude passion in empowering the community, and exemplify a desire for continuous personal growth.
