Merit Scholarships

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What is a Merit Scholarship?

Merit scholarships are a type of gift aid that help pay for college by rewarding talent. Most merit-based scholarships go to students who stand out in some way.

Recipients of a merit scholarship may be high academic achievers. Or have strong athletic, artistic or other skills and values. Thing like having a desire to serve the community or leadership.

Some merit scholarships also look at financial need. But rewarding accomplishment and excellence is the primary aim.

How Do You Get a Merit Scholarship?

To receive a merit scholarship, the provider may not look at whether you can afford college. Instead, they assess whether you meet specific criteria for that scholarship.

Merit awards are different from needs-based scholarships. A need-based scholarship uses family income to make decisions.

Instead, the merit scholarship sponsors usually start out with a goal or reason why they offer it. This might be to develop their industry with smart minds. Or invest in the future of their community, college and the like.

Sometimes, you must meet other criteria to qualify for a merit scholarship too. Like when a scholarship is for deserving students who are also state residents.

Others may go to deserving members of particular groups. This might mean belonging to a specific association. Or being a deserving member of a minority.

Either way, you’ll need to see if you qualify. One example is the Women Techmakers Scholarship. It is an academic merit scholarship. There are three criteria for eligibility. Academic performance, leadership, and impact on the community of women in tech. You may fit the bill as an upstanding male student, but this one is for girls.

What is Merit?

That stated, what 'merit' means generally depends on the organization granting the scholarship.

Some merit scholarships look at academic performance, test scores, and your recommendations. Others may only look at how you performed on your SAT/ACT tests.

Still others focus on your dedication to and performance in a specific field of study. This can be anything from music to math and others in between.

What GPA do you need to get a merit scholarship?

An academic merit scholarship often requires a strong GPA. But the actual grade point average you need to get a merit scholarship varies.

For instance, to qualify for the SHRM Foundation’s Graduate Scholarships, you need a cumulative GPA of 3.5 on a 4.0 scale. But to merit the Voice of Democracy Scholarship you need an original, video essay.

What qualifies you to be a National Merit Scholar?

National Merit Scholars have the highest PSAT/NMSQT® Selection Index scores. About 1.6 million enter to compete. But about 50,000 qualify for recognition in the National Merit® Scholarship Program.

Each September, the sponsor colleges notify the recipients. They let them know if they have qualified as either a Commended Student or Semifinalist. Of these, about 15,000 semifinalists move to finalist standing.

From this group there are winners of Merit Scholarship® awards (Merit Scholar® designees). Part of the decision making looks at students’ abilities, skills, and accomplishments.

How Much is a Merit Scholarship?

The U.S. Department of Education tracks the aid schools award to undergraduates. In one study, they looked at the amount of money high-merit students received.

It found that those in selective schools got about 58% of their tuition. Those in less selective schools received about 46% of their tuition amounts.

But as you might expect, merit scholarships come from a wide range of grantors. As such, the size and scope of a merit scholarship varies. Some are for smaller amounts while others may be full-ride scholarships.

How do you get the most money for merit scholarships?

Many scholarship providers factor in both need and merit. There are at least six things that may help you get the most merit aid for college.

  1. Don't forget to fill out the FAFSA. Depending on your circumstances, you may be eligible for federal aid too. This might be useful if the amount of your merit scholarship is not enough to pay tuition, fees, housing etc.
  2. Apply to schools where your grades put you ahead. Many college admissions look at the entire pool of applicants. You may be ahead of the student body in some colleges and not in others
  3. Check whether the merit scholarship is renewable. If so, abiding by the terms may help pay your entire four years at college
  4. Make sure you understand the net cost of attending each school you apply to. Then assess the amount of merit aid you can get and see what makes the most sense to you
  5. Figure out where your talents lie and use them when you search for scholarships. It doesn’t have to be high marks. The Doodle for Google Scholarship rewards creativity
  6. When applying to a college or university, look at their financial aid section and scan for merit scholarships to see if you qualify

Who awards merit scholarships?

Many private companies, groups and nonprofits fund merit scholarships. There are no federal funds for merit-based scholarships.

Some merit scholarship providers are local to a specific community. Like churches and cultural groups. Others have a national presence. Like Google, the Gates Foundation or Coca Cola.

Most colleges also award merit scholarships. Often alumni endow funds to use for these awards. Merit-based awards may thus carry the name of a person so that their legacy continues.

You’ll also find charitable foundations offering merit aid. These sometimes look at financial need too. Yet the underlying goal is to put the spotlight on your merits.

The Jackie Robinson Scholarship is a good example. The Foundation looks for innovators who address community needs in impactful ways. But you have to show your grades too.

Top Merit Scholarships for 2019

Remember, you may merit a scholarship for a variety of reasons. Check eligibility so you don’t waste time. Here are eleven of the top merit scholarships you can apply to in 2019.

LTU Bulldog Out-of-State Fee Waiver for Incoming Freshmen Students

This award is available to U.S. high school seniors who plan to attend Louisiana Tech University as an out-of-state student. The student must have a grade point average of 2.5 or higher and have an SAT score of 1130 or higher or an ACT score of 23 or higher.

Total: $20500 Awards:  85
Deadline:  January 5
2020

Louisiana Tech University Presidential Scholarship

This scholarship is available for U.S high school seniors who plan to attend Louisiana Tech University. Students must have a grade point average of 3.0 or higher and have an SAT score of 1400 or higher or an ACT score of 32 or higher.

Total: $9500 Awards:  50
Deadline:  January 5
2020

Louisiana Tech University Colvin Memorial Scholarship

This award is for students who are graduates of Dubach High School, LA, and plan to attend Lousiana Tech University. The student must have a grade point average of 3.2 or higher, and an ACT score of 24 or higher or a SAT score of 1090 or higher to be eligible.

Total: $800 Awards:  1
Deadline:  January 5
2020

Louisiana Tech University Outstanding Student Scholarship - Out-of-State

This scholarship is available for high school seniors who plan to attend Louisiana Tech University as an out-of-state student. The student must have a grade point average of 3.0 or higher and have an SAT score of 1130 to 1350 or an ACT score of 23 to 31.

Total: $6500 Awards:  50
Deadline:  January 5
2020

Louisiana Tech University Outstanding Student Scholarship - In-State

This scholarship is available for high school seniors who are residents of Louisiana and plan to attend Louisiana Tech University. The student must have a grade point average of 3.0 or higher, and have an SAT score of 1050 to 1350 or an ACT score of 23 to 31.

Total: $6500 Awards:  265
Deadline:  January 5
2020

Daniel B. Goldberg and Miller Public Finance Scholarship

This scholarship is available for U.S. and Canadian graduate students who are pursuing a career in state and/or local government finance. Students must be currently enrolled full time in a graduate program and must expect to be enrolled in the semester of application (including students who will be graduating).

Total: $15000 Awards:  1
Deadline:  January 6
2020

Frank L. Greathouse Government Accounting Scholarship

This scholarship is available for U.S. and Canadian undergraduate and graduate students who are enrolled in an accounting program preparing for a career in state and local government finance. Undergraduate students must be in the process of completing at least their junior year by the time the scholarship is awarded.

Total: $10000 Awards:  1
Deadline:  January 6
2020

GFOA Minorities in Government Finance Scholarship

This scholarship is available for U.S. or Canadian college juniors, seniors, and graduate students who belong to one of the following groups (as defined by the U.S. Census Bureau): Black or African American, Asian, Hispanic or Latino, American Indian or Alaska Native, Native Hawaiian, or a Pacific Islander. Students must be majoring in public administration, (governmental) accounting, finance, political science, economics or business administration (with a specific focus on government or non-pro...

Total: $10000 Awards:  1
Deadline:  January 6
2020

Oliver Goldsmith, M.D. Scholarship

This award is for U.S. medical students who have worked toward cultural and linguistic representation in healthcare. Applicants must be entering their third or fourth year of medical school and must plan to pursue a career in southern California.

Total: $5000 Awards:  11
Deadline:  January 6
2020

Naval Postgraduate School CISR 'Scholarship for Service' Program

This scholarship is available for students who have a grade point average of 3.0 or higher and are pursuing a master's degree in computer science with an emphasis in information assurance at the Naval Postgraduate School in Monterey, CA.

Total: $75000 Awards:  10
Deadline:  January 6
2020

Switzer Environmental Fellowship Program-California

This award is available for U.S. graduate students who are attending an accredited institution in California or New England. Students must have completed either one semester of coursework at the master's level or two years of doctoral coursework and must be pursuing a career related to the environment.

Total: $15000 Awards:  10
Deadline:  January 6
2020

Switzer Environmental Fellowship Program-New England

This award is available for U.S. graduate students who are attending an accredited institution in New England. Students must have completed either one semester of coursework at the master's level or three years of doctoral coursework and must be pursuing a career related to the environment.

Total: $15000 Awards:  10
Deadline:  January 6
2020