If you’re applying to colleges, you’ve probably heard about merit scholarships. But what you wondering exactly it is about? Unlike need-based financial aid, merit-based scholarships are given to students based on academic or other merit rather than demonstrated financial need.

Luckily For many students, the salaries of their parents have no bearing on their eligibility for merit-based aid. Students can receive merit scholarships for good grades and high test scores.

Merit scholarship is one way to bridge the gap between the cost of attendance and need-based financial aid when it comes to paying for college. Merit aid is a type of college financial aid that is awarded on the basis of academic, athletic, artistic, or special-interest merit rather than financial need.
Merit scholarships for Indians

What is a Merit Scholarships?

Who Awards Merit Scholarships?

Merit scholarships: Where's the money? - Milestone College Prep

Types of Merit Scholarship

 

Academic:

Athletic

Arts

Special Interest

How Can I Obtain a Merit Scholarship?

5 Facts About Merit Aid Scholarships

1. Merit aid is not available at Ivy League universities.

Meaning of Ivy League Schools, Rankings, Tuition Fees etc

2. To help with costs, some colleges offer merit aid.

3. Students from out of state may be eligible for more merit aid than students from within the state.

4. In-state and out-of-state students have similar chances of receiving merit aid.

5. Students may be required to maintain a certain GPA

6. Millions of dollars are available through the National Merit Scholarship Program.

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