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 Virginia resident undergraduate students who are planning to attend a four-year public or four-year private, non-profit institution in Virginia. The student must demonstrate financial need and must have already completed an Associate’s degree.
This award is for U.S. and International students who are planning to attend Louisiana Tech University as an out-of-state transfer student. Students must have complete at least 12 semester hours of college credit and have a grade point average of 2.75 or higher.
This award is for current graduate or undergraduate students who are majoring in industrial engineering, have a grade point average of 3.4 or higher, and are members of the Institute of Industrial & Systems Engineers. Students may attend a college in the U.S. or U.S. territories, Canada or Mexico.
This award is for U.S. and international students who are pursuing an associate’s or bachelor’s degree in occupational safety and health or a closely related field. Priority will be given to students attending Texas State Technical College in Waco, TX. The applicant must enroll full time and have a grade point average of 3.0 or higher.
This award is for U.S. and internatonal college juniors and graduate students who are pursuing a degree in occupational safety and health or a closely related field. Priority will be given to West Florida Chapter members or to students attending the University of South Florida. The applicant must enroll full time and have a grade point average of 3.0 or higher.
This award is for full-time graduate students majoring in electrical engineering, applied physics, or a similar field, actively participating in research in the microwave area towards their degree, and a member of MTT-S.
To apply, students must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at www.fafsa.ed.gov, at high school guidance offices, and at college financial aid offices.
Please note: Students who can verify ineligibility for federal grants may complete the TOPS online application instead of the FAFSA. However, students should be aware that in the event of a budget shortfall, students who complete the online application will be the first to lose their TOPS award.
Students are strongly encouraged to submit their FAFSA by July 1 immediately following their high school graduation. The final deadline to submit the FAFSA without a reduction in award is July 1 following the one-year anniversary of the student’s high school graduation.
This award is available to Louisiana high school students who are planning to attend a postsecondary institution in Louisiana. Students must have completed a required high school core curriculum with a grade point average of 3.0 or higher, and have an ACT score of 23 or higher (or the SAT equivalent).
This award is available to Louisiana students who are planning to attend an approved postsecondary institution in Louisiana. Students must have completed a required high school core curriculum with a minimum grade point average of 2.5 and have an ACT score of 20 or higher (or the SAT equivalent); students must file the FAFSA to qualify.
To apply, students must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at www.fafsa.ed.gov, at high school guidance offices, and at college financial aid offices.
Please note: Students who can verify ineligibility for federal grants may complete the TOPS online application instead of the FAFSA. However, students should be aware that in the event of a budget shortfall, students who complete the online application will be the first to lose their TOPS award.
Students are strongly encouraged to submit their FAFSA by July 1 immediately following their high school graduation. The final deadline to submit the FAFSA without a reduction in award is July 1 following the one-year anniversary of the student’s high school graduation.
This award is for Louisiana high school students who are planning to enroll in skill or occupational training at an approved two-year postsecondary institution in Louisiana. Students must have completed a required high school core curriculum with a grade point average of 2.5 or higher, and have an ACT score of 17 or higher (or the equivalent SAT score).
This award is available to Nebraska resident undergraduate students who received an Access College Early (ACE) Scholarship in high school. ACE recipients must attend a high school in Nebraska, and demonstrate financial need.
