Merit-Based Scholarships:
Awarded based on a student’s achievements and abilities. These can include academic excellence, athletic skills, artistic talents, or other special accomplishments. It’s essentially a reward for your hard work and dedication in a particular area. Eligibility: Students should have a strong academic performance (typically GPA of 3.0+), leadership experience, or extracurricular achievements (example: National Merit Scholarship based on the PSAT).
Need-Based Scholarships:
These scholarships are designed to help students who may not have the financial resources to pay for college such as the Excelsior Scholarship. The goal is to make higher education more accessible to students from all economic backgrounds. Eligibility: Depends on the financial need (determined based on the FAFSA form)
Specialized Scholarships:
These scholarships are designed to help students who may not have the financial resources to pay for college such as the Excelsior Scholarship. The goal is to make higher education more accessible to students from all economic backgrounds. Eligibility: Depends on the financial need (determined based on the FAFSA form)
Field-Specific Scholarships:
This is awarded just to students studying engineering, nursing, or computer science. This scholarship helps support students who are pursuing careers in those areas. Eligibility: Typically it requires high academic performance within relevant coursework as well as enrollment in certain majors or institutions.
Institutional Scholarships:
Award given by a specific college or university to its students. This scholarship can be based on merit such as good grades or special talents. It’s also awarded based on various factors like academic performance, financial need, athletic ability, or other achievements. Institutional scholarships are funded directly by the school itself. Eligibility: They will require a certain academic standing (GPA), demonstrated financial need, as well as enrollment.
Other overall criteria include citizenship, unique skills, and even volunteering. Scholarships may differ in criteria and will require more than what is mentioned above, so it is important to read the terms and requirements for the scholarships you are applying for! What is mentioned above is a very broad criteria.