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 with strong academics.
Recipients of a merit scholarship may be high academic achievers or have strong athletic, artistic or other skills and values. Eligible students must also show a desire to serve the community or leadership skills.
Some merit scholarships also may look at financial need. But most of the time accomplishments and academic excellence are the primary factors to win a merit scholarship.
How Do You Get a Merit 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 and college.
There are various criteria to qualify for a merit scholarship. Sometimes you need to be a member of a specific association or enrolled in the university. Other scholarship providers may specifically offer it to minority students, female students or for certain majors like STEM.
Either way, you’ll need to see if you qualify. One example is the Women Techmakers Scholarship. It is an academic merit scholarship. In order to be eligible, eligible students must show strong 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 your SAT/ACT test scores.
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.
Many private companies, groups and nonprofits fund merit scholarships. There are no federal funds for merit-based scholarships.
Some merit scholarship providers are from local communities such as churches and cultural groups. Companies such as Google, Gates Foundation or Coca Cola also offer merit scholarships.
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 which sometimes look at financial need.
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, you need a cumulative GPA of 3.5 on a 4.0 scale to qualify for the SHRM Foundation’s Graduate Scholarships. This awards $5,000 to a graduate student pursuing an HR degree related program.
The Voice of Democracy Scholarship awards $30,000 to one national first place winner. Most high school students as well as military students may apply.
How Much is a Merit Scholarship?
The U.S. Department of Education tracks the aid schools award to undergraduates. According to the NCES 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.
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. Then about 15,000 semifinalists move to finalist standing.
About 7,600 winners of Merit Scholarship® awards (Merit Scholar® designees) may be notified. Part of the decision making process looks at students’ abilities, skills, and accomplishments.
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.
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.
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.
Check whether the merit scholarship is renewable. If so, abiding by the terms may help pay your entire four years at college.
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.
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.
When applying to a college or university, look at their financial aid section and scan for merit scholarships to see if you qualify.
This award is available to Wisconsin resident undergraduate and graduate students who are attending a Wisconsin college or university which offers teaching degrees. The student must be a minority, be enrolled in a program leading to teaching licensure, and have a grade point average of 2.5 or higher.
This award is for first-year law school students who are members of a diverse population that has been historically represented in the legal profession. Applicants must be U.S. citizens or authorized to work in the U.S. and have demonstrated excellent academic performance at their undergraduate school.
This award is available to Georgia high school students who are planning to attend an eligible public, private, or technical college in Georgia. The student must have a grade point average of 3.0 or higher, or earn a GED and score in the national composite 85th percentile or higher on the SAT or ACT tests.
The William Bennett, W7PHO, Memorial Scholarship is open to international and U.S. undergraduate and graduate students who are licensed radio amateurs (general class or higher) and have a grade point average of 3.0 or higher. Students must reside in the areas covered by the ARRL Northwest, Pacific, or Southwest divisions.
The Howell & Christmas, LLC Visionary Scholarship is available for law and pre-law students in the U.S. who submit an original essay of between 500 and 1,000 words in length.
This scholarship is intended for U.S. female students who are 25 years of age and older and enrolled in an accredited Colorado college or university. The applicant must have a grade point average of 3.0 or higher to be eligible for this award.
This award is available for female undergraduate students who are majoring in any field of engineering. Applicants must have a grade point average of 3.0 or higher and plan to enroll full time.
This award is for U.S. and international students who plan to study manufacturing engineering and technology. The applicant must have a grade point average of 3.5 or higher to be eligible. The minimum award amount is $1,000, but the student may receive a higher amount if more funding is available.
Lula Mae Gay was a person with a genuine heart of servitude. She spent many years of her life dedicated to the needs and desires of others. Although she had very little, much was given through her love and service toward others.
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The purpose of the LMG Foundation scholarship is to allow her family the means of continuing one aspect of her legacy by providing educational funding to aspiring and/or current college students.
Applicants who are awarded this scholarship will be provided with a $1500 scholarship to cover educational costs for two (2) consecutive semesters (beginning in the fall). Scholarships are not renewable and cannot be transferred. Applicants who are awarded the scholarships will be ineligible to apply the following cycle.
