The Scholarship Advantage

Some students assume that scholarships are primarily designed for students who are in dire need of financial assistance. This is not the case. In fact, winning a scholarship will be beneficial to any student for several years following their receipt of the award. If you are on the fence about applying for scholarships and unwilling to commit your time to the process, consider these significant benefits before you miss your opportunity:

Recognition

If you win a scholarship, you can give yourself a pat on the back. For some scholarships there are thousands of applicants. When you are recognized for your accomplishments it gives you the confidence to pursue other goals. It is very important for students to recognize their own potential early in their academic career so that they foster its growth—receiving recognition from an organization or company helps students take this step.

Distinguish Your Achievements

Receiving a merit-based scholarship indicates that you stood out among your peers. The scholarship provider recognized this quality, and it is important that you know see it too. When you apply for colleges or jobs in the future, you have proof that in at least one area you can distinguish yourself from other peers. This knowledge will motivate you to challenge yourself to reach higher goals in your own life.

Scholarships Provide You with Financial Support

Maybe you're one of the lucky students who aren't relying on financial aid to get through school—if so, it does not mean that you can't benefit from a scholarship. Some scholarship offers send winners the reward directly. This is good news for students who don't need financial aid to pay tuition, as the money can be used to pay for other expenses associated with college. Instead of spending your earnings from a part-time job on essentials like food and books, a scholarship lets you spend somebody else's cash!

Scholarships Can Help You Get Into a Selective University

Universities prefer students who are distinguished and have been recognized for an accomplishment. Winning a scholarship is a big deal! Most colleges are looking to add students who will be positive contributors to their student body. A merit scholarship confirms that you are a capable student who would be a great addition to the school.

Scholarships Make Your Resume Stand Out

Distinguishing your resume from those sent by hundreds of other applicants can be difficult. A scholarship can make it easy to make your resume stand out. Being recognized by someone else for your achievements is sometimes enough to get you in for an interview with a future employer. Looking for a job is hard work, but when you have plenty of achievements and qualifications it is much, much easier.

Latest College & Financial Aid News

UNC-Chapel Hill to Rename Building Named for KKK Leader

by Suada Kolovic

After nearly 100 years, the University of North Carolina at Chapel Hill will rename Saunders Hall – named for a 19th-century Ku Klux Klan leader – to Carolina Hall. All together now: It’s about time! Following years of activism by students, UNC-Chapel Hill announced the name change on Thursday. "These efforts to curate the campus and teach the past with greater context will [...]

Hundreds of Colleges Still Accepting Applications

by Suada Kolovic

High school seniors, are you down about not getting a fat envelope from any of the colleges you applied to? College students, are you looking to transfer from your existing institution? Don't freak out: There are hundreds of colleges that are still accepting applications. According to the National Association for College Admission Counseling's (NACAC) annual College Openings [...]

Seven Tips for Repaying Your Student Loans

by Suada Kolovic

If you're a recent college graduate, chances are you’ll have to start paying off your student loans sooner than you think. And even with the economy in a slump, don’t expect a free pass on not paying your loans. Are you starting to panic? Well, don’t! There’s a ton of advice out there to help students stay on track and courtesy of the U.S. News and World Report, here are seven tips for repaying [...]

Follow Us:

facebook twitter rss feed