It is already a given that scholarships are beneficial. They give students the opportunity to gain access to quality education without the need to shoulder the expensive cost of tuition and other school-related expenses. But with the vast number of scholarship programs available, it can be confusing and overwhelming to decide which one to avail of.
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Here is a list of the best types of scholarships that you can avail yourself of.
1. Academic Merit-Based Scholarships
One of the most popular types of scholarships is the academic merit-based scholarship. As the name suggests, this type of scholarship is awarded to students based on their academic merits or achievements. This usually includes maintaining a high GPA, belonging to the top percentile of the graduating class, or scoring high on college entrance exams like the SAT or ACT.
Academic merit-based scholarships are usually offered by colleges and universities as an incentive for bright and high-achieving students to enroll in their schools. These scholarships can also be offered by privately-owned companies and organizations as part of their corporate social responsibility program.
2. Financial Need-Based Scholarships
Another type of scholarship that you can avail of is the financial need-based scholarship. As its name suggests, this type of scholarship is awarded to students based on their economic needs or background. Students from low-income families often benefit from this type of scholarship program as it gives them an opportunity to get a quality education despite their limited financial resources.
Most financial need-based scholarships are funded by colleges and universities and private foundations and organizations dedicated to fighting economic inequality and providing educational opportunities for all. If you come from a low-income family and would like to apply for this type of scholarship, make sure to check out your school’s financial aid office for more information.
3. Athletic Scholarships
Athletic scholarships are another type of grant that you can avail yourself of if you have outstanding skills in a particular sport. These scholarships are usually granted by colleges and universities as part of their athletic recruitment program. By availing of an athletic scholarship, you will not only be able to get a quality education, but you will also have a chance to hone your skills in your chosen sport and compete in collegiate-level competitions.
4. Minority Scholarships
There are also minority scholarships that are specifically granted to members of minority groups who wish to pursue higher education. These include but are not limited to scholarships for African American students, Latino students, Asian American students, Native American students, Pacific Islander students, and LGBTQIA+ students.
Minority scholarships aim to promote diversity on campuses all across the country by making higher education more accessible and affordable for members of minority groups who have been historically disadvantaged when it comes to access to quality education.
With so many different types of scholarships available, it can be hard to decide. Remember these tips to decide which one will be the best scholarship for your needs!