Navigation Menu
  • Colleges
    • Get Matched To Colleges
    • Explore All Colleges
    • Colleges By State
    • Online Colleges
    • Review a College
  • Scholarships
    • Explore College Scholarships
    • Scholarship Match
    • Unigo Scholarships
    • $10K Scholarship
    • Unigo Scholarship Winners
  • Easy Scholarships
  • Unigo Scholarships
  • Student Loans
  • Articles
    • All Articles
    • Expert Admissions Advice
    • Get Ready for College
    • How to Pay for College
    • In College Tips
  • Log In
  • My Account
    • My Scholarship Match
    • My Saved Scholarships
    • My College Match
    • My Account
    • Log out
  • Sign Up!
  • Home
  • pay for college
  • scholarship
  • what you should know about renewable scholarships

What You Should Know About Renewable Scholarships

Posted byUnigo Staff May 29, 2015January 4, 2023

By tamara

Keys to Renewable Scholarships In the world of scholarships, ‘renewable’ is the golden key. Why? It’s simple — a renewable scholarship is money in the bank. Unlike a non-renewable scholarship, these awards provide funding over multiple years; that’s music to any student’s ears. Unfortunately, many students fail to read the ‘fine print’ on their scholarship award packages and find themselves in a quandary when their financial aid is stripped away. Most renewable scholarships come with stipulations and guidelines that must be followed to continue to receive funding; one simple mistake can lead to a zero balance in your student account. To ensure you receive the full amount of your financial aid award, be sure to follow these simple rules.

Adhere to Deadlines

Most scholarships will require you to submit additional documentation once you have been selected as a recipient. Requested items may include, but are not limited to, a copy of your transcript, financial records and your proof of admission or acceptance. Be sure to provide all documents by the dates indicated in your award letters. Also, make note of any future deadlines when submitting the documentation required for renewing or maintaining awards. Failure to meet any of the deadline dates could result in loss of funding.

Be Aware of Requirements

Most renewable scholarships require students to maintain a certain grade point average, course load and/or enrollment status. Be sure you know what is expected of you. If a scholarship requires you to maintain full-time status, verify the credit hours or number of courses to meet that status per the awarding entity or scholarship provider/committee; it may be different from the “full-time” definition used at your college. Knowing what academic expectations you must meet to keep your scholarship funding should help keep you on track throughout the year.

Communicate

If you find you have unforeseen circumstances that may prevent you from meeting the renewability requirements, be sure to contact the scholarship administrator as soon as possible. Some programs will place you on scholarship probation and give you a semester to bring your grades or enrollment status back up to standard. If you fail to communicate with them early on, you place yourself in jeopardy of losing your funding for the following semester or, even worse, you may lose the remainder of your funding completely. Remember, communication is the key!

If you have been lucky enough to land a renewable scholarship, take the time to review the entire scholarship package; it’s easy to get caught up in the monetary award and look past items that won’t require your attention for some time. If anything is unclear, contact the scholarship provider or your financial aid advisor to ensure you know exactly what is expected of you. Ask about the ramifications of withdrawing or dropping classes and what recourse you have should you have an unexpected event that requires you to take a semester off; knowing the expectations and your options will prevent any unforeseen loss of funding. You put in the effort to receive the renewable scholarships, so be sure you do everything in your power to keep it. The future of your scholarship funding is in your hands.

Post navigation

Previous Post Previous post:
Help! Lost Scholarship! What To Do Now?
Next Post Next post:
Your financial aid questions answered – part 1

Scholarships

  • Athletic Scholarships
  • College-Specific Scholarships
  • Company-Sponsored Scholarships
  • Grants for College
  • Merit-Based Scholarships
  • Minority Scholarships
  • Our Scholarships
  • Scholarship Contests & Sweepstakes
  • Scholarships By Major
  • Scholarships By State
  • Scholarships By Type
  • Scholarships For Graduate Students
  • Scholarships For High School Students
  • Scholarships For Undergraduate Students
  • Weird Scholarships
Unigo Scholarship Database

© 2022 ALL RIGHTS RESERVED

Scholarship Providers
  • Add a Scholarship
  • Expedite My Scholarship
  • Promote My Scholarship
  • Start a Scholarship
Resources
  • Job Board
  • Student Deals
  • For Parents
  • For Counselors
TAKE ACTION
  • Review A College
  • College Match
  • Scholarship Match
  • Find a Loan
Social
  • Facebook
  • Twitter
  • Instagram

Financial aid may be available to those who qualify. The information on this site is for informational and research purposes only and is not an assurance of financial aid.

Privacy Policy   |    Terms of Use   |    FAQs   |    About Us   |    Disclosure: “What Determines Top/Best?”    |    Do Not Sell My Personal Information (CA and NV residents)

Disclosure: EducationDynamics receive compensation for the featured schools on our websites (see “Sponsored Schools” or “Sponsored Listings” or “Sponsored Results”). So what does this mean for you? Compensation may impact where the Sponsored Schools appear on our websites, including whether they appear as a match through our education matching services tool, the order in which they appear in a listing, and/or their ranking. Our websites do not provide, nor are they intended to provide, a comprehensive list of all schools (a) in the United States (b) located in a specific geographic area or (c) that offer a particular program of study. By providing information or agreeing to be contacted by a Sponsored School, you are in no way obligated to apply to or enroll with the school.

The sources for school statistics and data is the U.S. Department of Education's National Center for Education Statistics and the Integrated Postsecondary Education Data System.

This is an offer for educational opportunities that may lead to employment and not an offer for nor a guarantee of employment. Students should consult with a representative from the school they select to learn more about career opportunities in that field. Program outcomes vary according to each institution’s specific program curriculum.

×

Sponsored Meaning Explained

EducationDynamics receives compensation for the featured schools on our websites (see “Sponsored Ad” or “Sponsored Listings” or “Sponsored Results”). So what does this mean for you? Compensation may impact where the Sponsored Schools appear on our websites, including whether they appear as a match through our education matching services tool, the order in which they appear in a listing, and/or their ranking. Our websites do not provide, nor are they intended to provide, a comprehensive list of all schools (a) in the United States (b) located in a specific geographic area or (c) that offer a particular program of study. By providing information or agreeing to be contacted by a Sponsored School, you are in no way obligated to apply to or enroll with the school. Your trust is our priority. We at EducationDynamics believe you should make decisions about your education with confidence. that’s why EducationDynamicsis also proud to offer free information on its websites, which has been used by millions of prospective students to explore their education goals and interests.

close