What is a Merit Scholarship?

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 scholarship. Check out more details here.

Merit Scholarship Facts

• Ivy League universities don't offer merit aid.
• Some colleges offer merit aid to reduce costs.
• Out-of-state students may receive more merit aid than in-state students.
• Students may need to maintain a certain GPA.
• The National Merit Scholarship Program offers millions in aid.
• There are some full rides for National Merit Scholars.
• Honors colleges sometime offer merit aid.
• A number of students receive merit aid.
• Community organizations offer merit scholarships.
• You don't need to be a straight-A student.
• Private awards are based on certain criteria.
• Merit aid can be one-time only.