Depending how far along you are in your quest for financial aid, you’ve probably heard the term “merit-based scholarships.” Still, the term “merit” is quite general, leaving you with a lot of questions. Does it refer to academics, athletics or volunteer work? Are merit-based scholarships only given to valedictorians? Where do you find them?
Here are a few answers to get you started.
What are merit-based scholarships?
In general, they’re given to students who show outstanding academic achievement and/or have made significant contributions to their schools or communities. They are not determined by your financial need. These scholarships are often given by associations, companies, governmental units, foundations and nonprofit organizations.
What are the qualifications to apply?
Usually, merit-based scholarships require very high qualifications in terms of grades and test scores. Applications also require excellent recommendations and extracurricular/or community activities. For athletic or talent scholarships, students must truly be outstanding. Of course, the greater the number of applicants, the tougher the competition, so national academic/merit scholarships are very competitive.
When should I start looking?
Begin your investigation early – during the second semester of your junior year. Gather as much information as you can and plan to start applying during the first semester of your senior year.
What is required with an application?
Biographical or personal interest essays are often requested along with information relating to community service and extracurricular activities. Personal recommendations may also be requested. When in doubt, include them. And, of course, read and follow the instructions carefully and proofread your application.
Where can I find merit-based scholarships?
Ask your guidance counselor for information on merit scholarships and do your own searches on the Web. Contact the schools to which you plan on applying. Schools will list numerous merit scholarships in their catalogs or on their Web sites that are available for entering freshmen. The financial aid office of any post-secondary school/university will also have a listing of merit-based scholarships offered at their school.
Don’t forget to check out local merit scholarships from your community or state. Ask about scholarships at your job or your parents’ place of employment as many companies offer merit scholarships to employees or their children. Also, check out local organizations such as clubs, businesses, churches, synagogues, associations, etc.
Remember, researching and applying for merit-based scholarships takes persistence. Stay organized and make copies of all your applications. Stay on top of deadlines and be sure to allow plenty of time for people to prepare letters of recommendation on your behalf. The sooner you start looking the better!
