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Bookmark or Share- The 15 Best Merit Scholarships for College-Bound StudentsA merit-based scholarship, alternatively called a merit scholarship, is free money that discounts the cost of college. Whereas need-based scholarships are awarded according to a student’s ability to pay for school, merit-based scholarships recognize distinguished performance in one or more areas, including academics, artistic ability ...
- 17 Things to Know About Merit Aid Scholarships - U.S. News & World ReportApril 26, 2023, at 4:29 p.m. Save. View as article. Table of Contents. 1 / 18. Credit. Merit aid helps lower college costs. When it comes to paying for college, merit aid is one way to close...
- How Merit-Based Scholarships Work – Forbes AdvisorLearn how merit-based scholarships are awarded—and when you might be able to negotiate for higher awards. The cost of attending college has been increasing across the board for decades.
- What Is a Merit-Based Scholarship?What Is a Merit-Based Scholarship? A scholarship is free money that you can use to reduce the cost of college that you don’t have to pay back, and it is usually tax free. Some scholarships are need based, meaning they are awarded based on a student’s ability to pay for school.
- Merit-Based vs. Need-Based Aid: What Is the Difference?Merit-based aid goes to students based on their academic and/or extracurricular achievements rather than their financial need. Scholarships are the most common type of merit-based aid. Students may receive scholarships from nonprofit organizations, private businesses, and colleges and universities.
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