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.
Net Solutions’ Annual Scholarship is our initiative to support young, bright minds and encourage them to think and innovate. With this $2500 scholarship, we do our bit in helping deserving people to support their education and open their minds towards new possibilities in the tech world. To apply, compose an original 1,000 – 2,000-word piece based on the following topic: “The role of technology companies in transforming the world and altering the social fabric.” Submit your content, along with any supporting material, at the scholarship provider’s website.
Scholarships are monetary gifts, which means you don’t need to repay them or earn the funds by working. Scholarships are considered part of your financial aid package, and they may replace some or all of your financial aid eligibility, reducing your possible debt. They are a form of financial assistance awarded to students based on specific criteria that have been determined by the donor or organization providing the funds and the FACF board of directors.
Endowed scholarships for ministerial students vary in the amounts that are awarded. Freshman and sophomores typically receive a base-level award amount for the fall and spring semesters and then are considered for awards of higher amounts based their academic performance for their junior and senior years.
Michael Lightfoot was ambitious and curious as a child. He was a decorated boy scout and he demonstrated the values of thrift, bravery, reverence and loyalty throughout his life. He graduated from the University of the District of Columbia, with a degree in Computer Science in the 1970’s. He was a leader who balanced results with compassion and was always ready to lend a helping hand. He finished a successful career as a senior vice president at a major corporation. He is fondly remembered by his colleagues, friends and family.
The Pizza Hut scholarship is offered through its parent company Yum! Brands, also known as Yum!. The Yum! Andy Pearson Scholarship Program is administered by Scholarship America and is available to U.S.-based employees of Yum! or its other brands such as Pizza Hut, KFC, and Taco Bell. Legal dependents of these employees are also eligible.
Bryant Gladney was a life-long learner and a passionate teacher. We continue his legacy by helping students get the paramedic education they need throughout the United States in order to succeed in the field of emergency medicine.
Our vision is to build future generations of exceptional paramedics through the gifting of scholarships, honoring the memory of the very gifted paramedic and EMS educator Bryant Gladney, who lost his life in the line-of-duty.
Through the Burger King? Scholars Program, we have awarded nearly $60 million to over 45,000 students across North America since 2000. Our goal is to grant one scholarship for every BK restaurant in North America –that translates to more than $7 million each year!
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Created in memory of Burger King Co-Founder James “Jim” W. McLamore, the Burger King? Scholars program provides scholarships ranging from $1,000 to $60,000 to high school students and BK employees and their families. Scholarships are intended to offset the cost of attending college or post-secondary vocational/technical school. Recipients are selected through an application process that takes into consideration their grade point average (GPA), work experience, extracurricular activities, and community service. In 2022 alone, the Foundation awarded over $4.6 million in scholarships to nearly 4,000 students.
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The William A. Crawford Minority Teacher Scholarship is available to minority students (defined as black and Hispanic individuals) who intend to pursue, or are currently pursuing, a course of study that would enable them to teach in an accredited school in Indiana. Students must agree in writing to apply for teaching positions in Indiana and, if hired, teach in Indiana for at least three years.
For future women trial lawyers, the power of settlement planning is backed by Milestone and placed in your hands.
Milestone has established the Trial LawHER Scholarship to help a rising 3L female law student achieve her goal of becoming a plaintiff trial lawyer. This scholarship intends to elevate a rising woman leader in the plaintiff trial lawyer space and educate future trial lawyers around the importance and impact of settlement planning.
The Kenneth E. Hasbrouck Memorial Scholarship, administered jointly with the Hasbrouck Family Association, is a $1,000 award that may be divided if necessary. Applicants must be undergraduate students studying historic preservation, architecture, the conservation of artifacts and manuscripts, and/or the education of the public about local history in accordance with HHS’ mission.
