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.
The International University of Leadership Education Scholarship is available for students at the International University of Leadership who are from developing countries. Scholarships are available for study in business administration at both the undergraduate and the graduate level.
This scholarship is available for U.S. undergraduate students who are majoring in a STEM field. Applicants must have knowledge and experiences with American Indian tribal cultures, and demonstrate the potential for career work and contributions to American Indian tribes.
This scholarship is available for U.S. undergraduate and graduate students who are American Indians, Alaska Natives, or Native Hawaiians, and members of AISES. Students must have a grade point average of 3.0 or higher, and major in computer science, computer engineering, or management information systems.
This scholarship is open to students in their second year at Nashua Community College in New Hampshire who are matriculated in a business-related major. Applicants must be enrolled full time and have a grade point average of 2.0 or higher.
This scholarship is open to students currently pursuing graduate-level degrees in structural and/or civil engineering at an accredited university or college located in the United States or Canada. Students must be enrolled full time.
The Obama Foundation Scholars Program is available for student who have a proven commitment to service and leadership within a community, region or country outside the United States. A demonstrated commitment to return to these communities following their completion of the program is also required.
Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. Applicants must be enrolled full-time as a sophomore, junior or senior at a TMCF (Thursgood Marshall College Fund) member-school during the academic school year.
Southwestern College, a 4-year private college located in Winfield, Kansas, offers annual renewable grants of up to $5,000 for membership as a “participant” or a “competitor.” Grant recipients are required to maintain a 2.0 GPA. Participants attend all eSports activities. Click to learn more and apply today!
The TELACU Education Foundation combines important financial assistance with highly effective programs that aim to ensure students’ academic success. It was originally set up to revitalize urban, underserved areas throughout the US. The College Success Program is funded by TELACU and their partner businesses, colleges, universities, nonprofits and private donors. Historically, about 75% of TELACU Scholars earn degrees in a STEM-related or Business discipline. They have also awarded scholarships to nearly 400 first-generation Latinx college students from underserved communities in California, Illinois, Texas, and New York. Applicants entering college as first-year students are eligible to apply for an Award that can be renewed for up to four years.
The goals of The Walt Disney Company UNCF Corporate Scholars Program are to help create a diverse pipeline of college educated professionals ready to assume fulfilling off-camera careers in entertainment and to help raise the number of underrepresented minorities employed in the entertainment industry.
