To get a scholarship, you need to know what type suits you. However, knowing the 5 Difference Between Academic and Merit Scholarships is of great essence.
This is because the wrong choice of scholarship has denied many the chance of grabbing a scholarship.
What is the meaning of the Term ‘Scholarship’?
A scholarship is an award of financial aid. Also, it’s for students to further their education. Furthermore, they are awarded based upon various criteria.
And these criteria usually reflect the values and purposes of the donor or founder of the scholarship. Also, scholarship money is not required to be repaid by the student.
What is the Meaning of Academic Scholarship?
These are scholarships awarded to a small percentage of prospective students. And they’re based on the following:
1. High school grade point average ( GPA).
2. Furthermore, based on /ACT admissions test scores.
3. Additionally, some are restricted to students who are valedictorians or salutatorians.
4. Also, on high-class rank.
5. Additionally, they’re awarded to those who have demonstrated a high degree of scholastic aptitude and performance.
NOTE: While they primarily based academic scholarships on a student GPA, note. Award committees also commonly take into consideration other factors. Including extracurricular activities and leadership qualities.
Learn More About Merit Scholarship
Top 5 Difference Between Academic and Merit Scholarships
Below are some differences between academic/merit scholarships:
Merit Scholarships
Merit scholarships are the most highly visible and coveted scholarships. Also, it offers the best opportunities available to college-bound students.
Also, beyond the much-needed financial aid they bring, note. Merit scholarships attach a certain level of
Also, they attach recognition to any college career.
Additionally, they are awarded on the basis of achievement rather than need.
Furthermore, students must demonstrate an exceptional level of performance. And this is in academics, athletics, or other fields of personal performance.
Also, it’s important to know that no two merit scholarships are entirely alike. Thus, they have different criteria. And this depends on the sponsoring institution.
Also, the field of expertise is considered.
Furthermore, some merit scholarships are decided by university boards. While others are offered by public and private organizations.
Those looking to encourage and reward exceptional students in a particular field of study.
However, despite your field of study or extracurricular activities, being awarded a merit scholarship depends on you and your achievement.
Academic Scholarships
Universities and colleges can directly sponsor these scholarships. Or maybe sponsored by private organizations or business affiliations.
However, some may be subject-specific. While others may be general in intent and criteria.
Also, they’re awarded based on high school. And based on your ACT and SAT scores. Also, based on overall scholastic performance.
Additionally, many academic scholarships also consider class ranking. And any honorary titles or awards you have won. With any community service, you have performed.
Also, typically, the scholarships are awarded to high school graduates. Those heading straight on to college.
Furthermore, these scholarships can run the gamut from full-tuition awards to smaller monetary awards meant to merely supplement your college funds.
Also, in many cases, a student will need to be nominated by their school. Or a teacher in order to be considered eligible.
Also, some academic scholarships are open to all applicants who meet the initial criteria for consideration. Particularly those sponsored by independent organizations or businesses.
Additionally, academic scholarships can have a long-term benefit. This is far beyond the original grant of funds for college. After graduation, as you move into the workforce, these scholarships can help add to an already impressive resume.
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