Merit Scholarships
Key takeaways:
- There are many merit scholarships available from various sources, including colleges and universities, private foundations, corporations, and non-profit organizations.
- Some scholarships, such as the Marshall Scholarship or the Rhodes Scholarship, are highly competitive and prestigious, offering opportunities for study at renowned institutions.
- Merit Scholarships support students in various academic disciplines, including STEM, humanities, arts, business, and social sciences.
One of the common myths about scholarships is that you need to have demonstrated financial need to win awards. But that’s simply not true.
Continue reading the article below the scholarship list.
25 Merit Scholarships with Approaching Deadlines
If you have solid grades or other accomplishments, you can qualify for merit scholarships. However, not all merit scholarships are created equal. Here’s everything you should know about merit scholarships - and how to win them.
What is a merit scholarship?
The biggest distinguishing factor in a merit scholarship is that they usually don't consider financial need. Merit scholarships are given to students based on some kind of accomplishment, whether it’s academic, artistic, athletic or something else. Merit scholarships care more about what you’ve done than other factors.
Some merit scholarships are open to all kinds of students, like the Coca-Cola Scholars Program.
Here's how to qualify:
- Must be a senior in high school
- Must be eligible for federal financial aid
- Must have a 3.0 GPA or higher
Merit scholarships are available for both current high school and college students. Even community college and graduate school students can qualify for merit scholarships. In fact, it’s never too early or too late to look for a merit scholarship.
Merit scholarships typically require a transcript, a letter of recommendation (or several) and an essay. If you’re applying for an artistic merit scholarship, you may also be required to submit your portfolio or examples of your work.
While most merit scholarships only require a 3.0 GPA, others, like the Cameron Impact Scholarship, have higher standards.
Here's how to qualify:
- Must have a 3.7 GPA or higher
- Must be a high school senior
- Must be a U.S. citizen
- Must plan to be a full-time student at a four-year institution
Types of merit scholarship
Academic
An academic merit scholarship is the most popular kind. This scholarship will mostly look at your grades, but may also consider test scores, community service and other extracurriculars.
Athletic
You can find athletic scholarships outside of your school. Many athletic scholarships are only given to athletes in certain sports or from specific regions or states, like the Brian Pearson Memorial Scholarship. One female and one male winner will be chosen.
Here's how to qualify:
- Must be from Iowa
- Must be a high school junior or senior
- Preference given to those involved with the Iowa Games
Artistic
One of the most well-known artistic merit scholarships is the Stuck at Prom scholarship. The winner for the dress and tux category will each receive a $15,000 award. Eight runners-up will receive a $1,000 scholarship.
Here's how to qualify:
- Must be at least 14 years old
- Must be a legal resident of the U.S. or Canada
- Must not live in Colorado, Maryland, North Dakota, Nebraska, Vermont or Quebec
- Cannot be a former finalist
Diversity-based merit scholarship
Some merit scholarships are focused on students from a particular racial or ethnic background. Others may require that you be part of the LGQBT community, be adopted or come from a foster background, and more.
Where to find merit scholarships
Your school will often put you in the running for merit scholarships when you apply. However, if you’re already enrolled, you may want to speak with your academic advisor or financial aid department about maximizing your scholarship opportunities. Many students don’t know that there are tons of scholarships for upperclassmen, even seniors.
To simplify the scholarship search, you can also create a profile on Scholarships.com. Answering every question and inputting all your information will generate a list of potential scholarships.
Even merit scholarships may require that you submit the FAFSA, even if there’s no need-based component. That's because they want to make sure that you’ve maximized all your scholarship opportunities.
Frequently Asked Questions about Merit Scholarships
Many students think that the only way to get a merit scholarship is to have a 4.0 GPA or a perfect SAT or ACT score. But that's not true. Scholarship organizations aren’t looking for the perfect cookie-cutter student. They want someone who has real passions and interests.
To qualify for a merit scholarship, you usually only need a 3.0 GPA. And many scholarships don’t even require a minimum SAT or ACT score.
The best way to win a merit scholarship is to write a compelling essay and look for a scholarship that has narrow eligibility requirements.
Your essay may be the perfect place to explain any extenuating circumstances that affected your grades. For example, if you had to take care of your ailing grandmother, mention that in your essay. The scholarship committee may be willing to overlook poor grades if you can show a reason why.
Also, know that good grades alone aren’t enough. You still need to write a captivating essay that shows exactly who you are. Also, if you have good grades but no extracurricular activities, you may not win many scholarships.
Being a well-rounded student who is capable of expressing themselves is more important than being a perfect student.
Merit scholarships may be given on a one-off basis or may be renewable for all four years. The exact rules depend on the particular scholarship.
If a scholarship is eligible for renewal, you may have to maintain a certain GPA or be making Satisfactory Academic Progress (SAP). This often means taking enough classes toward a major to ensure you graduate on time.
While all merit scholarships are different, one thing they usually have in common is that they require applicants to be U.S. citizens or permanent residents.
If you're an international student trying to find merit scholarships, you should start with schools that offer tuition waivers. A tuition waiver gives you the same tuition rate as an in-state student, often saving you tens of thousands of dollars over a four-year degree.
Students with DACA status may also find it difficult to qualify for scholarships. However, there are still many options available through the Scholarships.com portal. You can also look for awards through the schools you’re applying to. Some states, like California, also have special grants for students with DACA status.