Merit scholarships are a type of gift aid that help pay for college by rewarding talent. Most merit based scholarships go to students who stand out with strong academics.
Recipients of a merit scholarship may be high academic achievers or have strong athletic, artistic or other skills and values. Eligible students must also show a desire to serve the community or leadership skills.
Some merit scholarships also may look at financial need. But most of the time accomplishments and academic excellence are the primary factors to win a merit scholarship.
How Do You Get a Merit Scholarship?
Merit awards are different from needs based scholarships. A need-based scholarship uses family income to make decisions. Instead, the merit scholarship sponsors usually start out with a goal or reason why they offer it. This might be to develop their industry with smart minds or invest in the future of their community and college.
There are various criteria to qualify for a merit scholarship. Sometimes you need to be a member of a specific association or enrolled in the university. Other scholarship providers may specifically offer it to minority students, female students or for certain majors like STEM.
Either way, you’ll need to see if you qualify. One example is the Women Techmakers Scholarship. It is an academic merit scholarship. In order to be eligible, eligible students must show strong academic performance, leadership, and impact on the community of women in tech. You may fit the bill as an upstanding male student, but this one is for girls.
What is Merit?
That stated, what ‘merit’ means generally depends on the organization granting the scholarship. Some merit scholarships look at academic performance, test scores, and your recommendations. Others may only look at your SAT/ACT test scores.
Still others focus on your dedication to and performance in a specific field of study. This can be anything from music to math and others.
Many private companies, groups and nonprofits fund merit scholarships. There are no federal funds for merit-based scholarships.
Some merit scholarship providers are from local communities such as churches and cultural groups. Companies such as Google, Gates Foundation or Coca Cola also offer merit scholarships.
Most colleges also award merit scholarships. Often alumni endow funds to use for these awards. Merit based awards may thus carry the name of a person so that their legacy continues. You’ll also find charitable foundations offering merit aid which sometimes look at financial need.
What GPA do You Need to Get a Merit Scholarship?
An academic merit scholarship often requires a strong GPA. But the actual grade point average you need to get a merit scholarship varies.
For instance, you need a cumulative GPA of 3.5 on a 4.0 scale to qualify for the SHRM Foundation’s Graduate Scholarships. This awards $5,000 to a graduate student pursuing an HR degree related program.
The Voice of Democracy Scholarship awards $30,000 to one national first place winner. Most high school students as well as military students may apply.
How Much is a Merit Scholarship?
The U.S. Department of Education tracks the aid schools award to undergraduates. According to the NCES study, they looked at the amount of money high-merit students received. It found that those in selective schools got about 58% of their tuition. Those in less selective schools received about 46% of their tuition amounts.
What Qualifies You to be a National Merit Scholar?
National Merit Scholars have the highest PSAT/NMSQT® Selection Index scores. About 1.6 million enter to compete. But about 50,000 qualify for recognition in the National Merit® Scholarship Program.
Each September, the sponsor colleges notify the recipients. They let them know if they have qualified as either a Commended Student or Semifinalist. Then about 15,000 semifinalists move to finalist standing.
About 7,600 winners of Merit Scholarship® awards (Merit Scholar® designees) may be notified. Part of the decision making process looks at students’ abilities, skills, and accomplishments.
How Do You Get the Most Money for Merit Scholarships?
Many scholarship providers factor in both need and merit. There are at least six things that may help you get the most merit aid for college.
Don’t forget to fill out the FAFSA. Depending on your circumstances, you may be eligible for federal aid too. This might be useful if the amount of your merit scholarship is not enough to pay tuition, fees, housing etc.
Apply to schools where your grades put you ahead. Many college admissions look at the entire pool of applicants. You may be ahead of the student body in some colleges and not in others.
Check whether the merit scholarship is renewable. If so, abiding by the terms may help pay your entire four years at college.
Make sure you understand the net cost of attending each school you apply to. Then assess the amount of merit aid you can get and see what makes the most sense to you.
Figure out where your talents lie and use them when you search for scholarships. It doesn’t have to be high marks. The Doodle for Google Scholarship rewards creativity.
When applying to a college or university, look at their financial aid section and scan for merit scholarships to see if you qualify.
This scholarship is open to Delaware high school seniors who are graduating from a Kent County public school and plan to pursue an engineering degree at a Delaware institution. Students must be active in community service and have a low to moderate income.
This scholarship is open to Delaware residents who are accepted at an accredited college or university’s nursing program to initiate or further nursing training. All recipients will seek to improve the quality of health care in society through nursing practices that ensure that patients are a priority.
This scholarship is open to Delaware residents who have been accepted at an accredited school of medicine. Students must enroll full time and be active in community service.
This scholarship is open to U.S. students who are currently completing courses at a two-year college/university with a declared intent to major in accounting or a related field at a four-year institution. Students must have a grade point average of 3.0 or higher and demonstrate some financial need (i.e., not already have educational expenses covered).
This scholarship is open to U.S. students who have a declared concentration in accounting and intend to be a CPA in Michigan. Students must have earned at least 120 credit hours by May of the application year and anticipate completion of Michigan CPA requirements in May of the year following application.
This scholarship is open to U.S. undergraduate and graduate ethnic minority students who are pursuing an undergraduate accounting, finance, or related business degree or master’s-level business degree at a Georgia college/university or are Georgia residents. Applicants must be student members of NABA and have a grade point average of 3.2 or higher.
The Anthony Muñoz Scholarship Fund was created by Anthony Muñoz and his family to support Tri-State youth in achieving their dreams of attending a local college or university. All applicants must demonstrate a desire and intent to overcome adversity, have financial need, excel academically, and fulfill a leadership role in the community. Semi-finalists will be interviewed by AMF Scholarship Fund selection committee in May. Finalists will be announced on May 31st!
Committed to nurturing the growth of all Tri-State youth and especially vulnerable, at-risk populations, the Anthony Muñoz Foundation has created unique opportunities that appeal to students of all ages, educational, cultural and economic backgrounds. Through deploying a life-changing college scholarship fund program, three high school education and recognition programs, three empowering football camps, and our Whiz Kids tutoring program, the Anthony Muñoz Foundation is making a tangible difference in the lives of youth across the Tri-State.
Anthony strongly feels that youth need to be encouraged and inspired, as well as recognized and rewarded for their accomplishments. Anthony and our organization want the youth of our region to know that they have value. No matter the odds, they can rise above the hardships life has dealt them and achieve their dreams.
This scholarship is open to Minnesota residents who have completed a minimum of one academic year at the University of Minnesota Graduate School. The fellowship is available to students who have an interest in or connection with Norway and/or its culture; applicants should have a strong, mature, and clearly defined career interest in a specific field, with a sound research or study plan.
This scholarship is available for high school seniors in North Carolina who are employed in retail or who have a parent or legal guardian who is employed in retail. Selection will be based on work history and academic achievement.
This scholarship is available for current undergraduate students in North Carolina who are employed in retail or have a parent/guardian who is employed in retail. Selection will be based on academic merit, employment history, and other contributions to the community through service and volunteer work.
