What Is a Merit-Based Scholarship?

A merit-based scholarship is a type of financial aid that is awarded to students based on their academic, athletic, artistic, or other achievements. Merit scholarships are generally awarded to students who have demonstrated exceptional academic or extracurricular performance, and they are often highly competitive. The amount of money awarded can vary widely, from a few hundred dollars to a full ride scholarship that covers tuition, fees, and room and board. Merit scholarships are typically awarded by colleges and universities, but they may also be offered by private organizations or corporations. Unlike need-based scholarships, which are awarded based on financial need, merit scholarships are awarded based on the student's achievements and potential for future success.

How to Find College Merit Scholarships

Finding college merit scholarships can be a daunting task, but there are several resources available to help you in your search. Here are some tips for finding merit scholarships:

Check with the college's financial aid office

The financial aid office at the college or university you plan to attend is a great resource for finding merit-based scholarships. They can provide information on available scholarships and application requirements.

Look for scholarships through professional organizations

Many professional organizations offer scholarships for students pursuing a degree in their field. Check with organizations related to your intended major or career path.

Search online scholarship databases

There are many online scholarship databases that can help you find merit-based scholarships. Some popular scholarship databases include Fastweb, Scholarships.com, and Cappex.

Research scholarships from private foundations and corporations

Many private foundations and corporations offer merit-based scholarships to students. Check with companies in your field of interest or with local foundations in your community.

Ask your high school guidance counselor

Your high school guidance counselor can provide information on available scholarships and can help you with the application process.

Check with your community organizations

Local community organizations, such as civic groups or religious organizations, may offer scholarships to students in the community.

Remember to start your search early and be persistent in your efforts. Scholarships can be competitive, so it is important to apply to as many as possible to increase your chances of receiving an award.

Types of Merit Scholarships

Merit scholarships are a type of financial aid that is awarded to students based on their academic or other achievements, rather than financial need. There are various types of merit scholarships, including:

Academic scholarships

These are the most common type of merit scholarships and are awarded to students who have demonstrated exceptional academic performance in high school, such as high GPAs, SAT/ACT scores, or class rank.

Athletic scholarships

These scholarships are awarded to student-athletes who have demonstrated outstanding athletic ability in a particular sport.

Artistic scholarships

These scholarships are awarded to students who have demonstrated exceptional talent in the arts, such as music, theater, dance, or visual arts.

Leadership scholarships

These scholarships are awarded to students who have demonstrated exceptional leadership skills in their school, community, or other organizations.

Community service scholarships

These scholarships are awarded to students who have demonstrated a strong commitment to community service and volunteerism.

First-generation scholarships

These scholarships are awarded to students who are the first in their family to attend college and have demonstrated exceptional academic or other achievements.

Diversity scholarships

These scholarships are awarded to students from underrepresented or minority groups, such as racial or ethnic minorities, students with disabilities, or LGBTQ+ students.

It's important to note that some scholarships may combine multiple criteria, such as academic and leadership achievements. Additionally, some scholarships may be renewable, meaning that they can be awarded for multiple years if the student continues to meet the criteria.

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Here are the 15 best merit scholarships for college-bound students:

Gates Scholarship

The Gates Scholarship is a highly selective, full scholarship for exceptional, Pell-eligible, minority high school seniors. The scholarship provides funding for tuition, fees, books, and living expenses, and also includes personal and professional development resources. The scholarship aims to support and empower the next generation of leaders and innovators from underrepresented backgrounds.

Coca-Cola Scholars Program

The Coca-Cola Scholars Program is a merit-based scholarship program that is open to graduating high school seniors in the United States. The program is funded by the Coca-Cola Foundation and awards $20,000 scholarships to 150 students each year. Applicants are evaluated based on academic achievement, leadership, and community involvement. Finalists are selected through a rigorous interview process and are chosen based on their commitment to making a positive impact in their communities. The Coca-Cola Scholars Program is highly competitive, with thousands of applications received each year.

Davidson Fellows Scholarship

This program provides scholarships of up to $50,000 to students who have completed a significant piece of work in science, technology, engineering, mathematics, literature, music, or philosophy.

Elks National Foundation Most Valuable Student Competition

The Elks National Foundation Most Valuable Student (MVS) Competition is an annual scholarship program offered by the Elks National Foundation. The MVS scholarship is open to high school seniors who are US citizens and have demonstrated academic excellence, leadership skills, and community service involvement. The scholarship awards range from $4,000 to $50,000 per year and can be renewed for up to four years. The application process typically opens in August and closes in November. Applicants are required to complete an online application, provide transcripts, letters of recommendation, and demonstrate financial need. Finalists are invited for an interview, and the winners are announced in April.

The Barry Goldwater Scholarship

The Barry Goldwater Scholarship is a highly competitive and prestigious scholarship awarded annually to undergraduate students pursuing a degree in mathematics, engineering, or the natural sciences. The scholarship was established in honor of former senator Barry Goldwater and provides up to $7,500 per year for tuition, fees, books, and room and board. Recipients are selected based on academic merit, research experience, and a commitment to pursuing a career in their chosen field. The scholarship is open to sophomores and juniors who are U.S. citizens, U.S. nationals, or permanent residents, and who have a GPA of 3.0 or higher.

Jack Kent Cooke Foundation Scholarship

The Jack Kent Cooke Foundation Scholarship is a highly selective scholarship program for high-achieving students with financial need. The scholarship is awarded to students with strong academic records, leadership potential, and a commitment to community service. It provides up to $40,000 per year for up to four years of undergraduate study, as well as opportunities for internships, study abroad, and graduate school funding. The scholarship also provides a personalized network of support, including academic advising, career counseling, and leadership development opportunities. The Jack Kent Cooke Foundation Scholarship aims to help talented students from low-income families achieve their full potential and succeed in college and beyond.

National Merit Scholarship Program

The National Merit Scholarship Program is a prestigious academic scholarship competition for high school students in the United States. The program is run by the National Merit Scholarship Corporation (NMSC) and was established in 1955. Every year, the NMSC recognizes approximately 7,500 students who demonstrate exceptional academic ability and potential for success in college. These students receive scholarships to attend the college or university of their choice.

Ron Brown Scholar Program

The Ron Brown Scholar Program is a national scholarship program for African-American high school seniors who have demonstrated academic excellence, leadership, and a commitment to public service. The scholarship is named after Ron Brown, who was the first African American to serve as Secretary of Commerce and who died tragically in a plane crash in 1996. The program provides scholarships of up to $40,000 over four years to help recipients pay for tuition, fees, books, and other educational expenses. In addition to financial assistance, Ron Brown Scholars receive mentorship and leadership training to help them succeed in college and beyond. The program seeks to empower the next generation of leaders who will make a positive impact in their communities and in the world.

Cameron Impact Scholarship

The Cameron Impact Scholarship is a four-year, full-tuition scholarship awarded annually to exceptional high school students who are passionate about making a positive impact on their communities and the world. The scholarship covers the cost of tuition and mandatory fees, as well as room and board, books, and other educational expenses. It is open to US citizens or permanent residents who have a minimum 3.7 GPA and are graduating from a high school in the United States. The application process involves submitting an online application, several essays, letters of recommendation, and an interview.

‍Davidson Institute for Talent Development

This program provides scholarships of up to $50,000 to students who have completed a significant piece of work in science, technology, engineering, mathematics, literature, music, or philosophy.

The QuestBridge Match Scholarship

The QuestBridge National College Match Scholarship is a highly competitive merit-based scholarship program that helps high-achieving, low-income students gain admission and full four-year scholarships to some of the nation's top colleges and universities. The program connects exceptional students from low-income backgrounds with partner institutions that offer generous financial aid packages to ensure that the cost of attending is not a barrier to achieving their academic and career goals. The application process includes a detailed questionnaire, academic transcripts, and letters of recommendation, and the selection is based on academic achievement, leadership potential, and community involvement.

Horatio Alger Scholarship

This program provides scholarships of up to $25,000 to high school seniors who have overcome adversity and demonstrated strength of character.

National Honor Society Scholarship

This program provides scholarships of up to $25,000 to high school seniors who are members of the National Honor Society and have demonstrated excellence in scholarship, leadership, service, and character.

Burger King Scholars Program

This program provides scholarships of up to $50,000 to high school seniors who have demonstrated academic achievement, work experience, and community involvement.

AXA Achievement Scholarship

This program provides scholarships of up to $25,000 to high school seniors who have demonstrated outstanding achievement in academics, leadership, and community service.

These merit scholarships are highly competitive, so students should start preparing early and give their best effort in academics, extracurricular activities, and community service. By doing so, they can increase their chances of being awarded one of these scholarships to help them achieve their dreams of higher education.

How to Increase Your Chances of Earning a Merit Scholarship

Earning a merit scholarship can be a great way to fund your college education without taking on excessive student loan debt. Merit scholarships are awarded based on a student's achievements in academics, athletics, community service, and other areas. Here are some tips to help you increase your chances of earning a merit scholarship:

Start early

Many merit scholarships have early deadlines, so it's important to start researching and applying for scholarships as soon as possible.

Focus on your strengths

Identify your strongest areas, whether that's academics, athletics, or community service, and look for scholarships that align with those areas.

Keep your grades up

Many merit scholarships are based on academic achievement, so it's important to maintain a strong GPA throughout high school.

Get involved in extracurricular activities

Merit scholarships often look for well-rounded students who are involved in a variety of activities, so join clubs, participate in sports, and volunteer in your community.

Take challenging classes

Merit scholarships often prioritize students who have taken challenging classes, such as honors and Advanced Placement courses.

Seek out scholarship opportunities

Don't be afraid to search for scholarship opportunities on your own, using online scholarship databases, college websites, and other resources.

Pay attention to the application requirements

Make sure you carefully read and follow the application requirements for each scholarship you apply for, including submitting all required materials on time.

By following these tips, you can increase your chances of earning a merit scholarship and reduce your financial burden when it comes time to pay for college.

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Practical Tips for Getting a Merit Scholarship

Getting a merit scholarship can significantly ease the financial burden of attending college. These scholarships are awarded to students who demonstrate exceptional academic or extracurricular achievements. If you are looking to increase your chances of earning a merit scholarship, here are some practical tips to follow:

Focus on your academics

Merit scholarships are often awarded to students who have exceptional academic records. Strive to maintain a high GPA and take challenging courses.

Get involved in extracurricular activities

Many merit scholarships take into account your involvement in extracurricular activities. Join a club, volunteer in your community, or participate in a sport to show your well-roundedness.

Study for standardized tests

Some merit scholarships require a minimum score on standardized tests like the SAT or ACT. Spend time studying for these exams to achieve the best score possible.

Start early

Many merit scholarships have early application deadlines. Start your scholarship search early and stay organized with deadlines and requirements.

Research scholarships specific to your interests

Look for scholarships that align with your interests, hobbies, or intended major. This can increase your chances of standing out among other applicants.

Write a strong essay

Many scholarships require an essay as part of the application process. Spend time crafting a well-written essay that highlights your strengths and accomplishments.

Ask for letters of recommendation

Many merit scholarships require letters of recommendation from teachers, counselors, or other mentors. Choose individuals who know you well and can speak to your strengths.

Apply for as many scholarships as possible

Don't limit yourself to just a few scholarships. Apply for as many as you can to increase your chances of earning a scholarship.

Conclusion

By following these practical tips, you can increase your chances of earning a merit scholarship to help fund your college education. Remember to stay organized and focused, and don't give up even if you receive rejections along the way. With persistence and hard work, you can achieve your goal of earning a merit scholarship.

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