What are college-based merit scholarships?
College funding comes from 3 basic sources (4 if you count your parents pocketbook): Federal Government, State Government, and the Schools. College based scholarships come from the schools themselves. Merit awards mean that they are not based on need they are based on some form of merit, whether it be academic, athletic, or artistic. Private scholarships are usually only a very small part of the college funding picture. Typically, they are for between $500 to $2,500 and are not renewable. The average college-based scholarship in our database is for $12,330 a year, and renewable for all four years. In determining an aid package, schools will give merit money first (usually decided by the admissions office), then entitlement aid (federal financial aid as determined by filing your FAFSA), then self-help (Stafford Loan, Perkins Loan, or Work Study. Money you either earn, or have to pay back.), and then college grants (their own need-based money). College-based merit scholarships are the be
College funding comes from 3 basic sources (4 if you count your parents pocketbook): Federal Government, State Government, and the Schools. College based scholarships come from the schools themselves. Merit awards mean that they are not based on need they are based on some form of merit, whether it be academic, athletic, or artistic. Private scholarships are usually only a very small part of the college funding picture. Typically, they are for between $500 to $2,500 and are not renewable. The average college-based scholarship in our database is for $12,330 a year, and renewable for all four years. In determining an aid package, schools will give merit money first (usually decided by the admissions office), then entitlement aid (federal financial aid as determined by filing your FAFSA), then self-help (Stafford Loan, Perkins Loan, or Work Study. Money you either earn, or have to pay back.), and then college grants (their own need-based money). College-based merit scholarships are the be
