Annual Scholarship Exam
Merit scholarships are financial awards that are meant to help students pay for school. They’re one of the best forms of financial aid because they’re free money that you never have to pay back, often with few to no strings attached. Many merit scholarships look for students with impressive academic achievements. Others focus on community service, sports prowess, professional/business experience, leadership skills, or artistic talent. The most prestigious scholarships tend to go to students who stand out in several different areas. It’s important to note that, although most merit scholarships are awarded primarily based on merit, many take financial need into account. Financial need qualifications (if applicable) will vary based on the scholarship. If you don’t think you’ll qualify for much need-based aid, you’ll want to focus your energy on pure merit-based awards.
This will obviously vary based on the scholarship. In general, the bigger the award, the more serious the competition for the money. Merit-based scholarships are often difficult to get in the sense that they require dedicated, long-term, impressive performance in order to stand out as an applicant. In another sense, these scholarships may be less difficult than other awards because you might not have to do anything “extra” in order to qualify (if you’re already a meritorious student, that is).