Hey there! I'm trying to figure out how to pay for college, and I was wondering if universities typically offer scholarships of their own. Should I be looking for those, or should I focus on outside scholarships? Any advice would be much appreciated!
Hello! Yes, colleges do typically offer their own scholarships to students. These scholarships can be divided into two primary categories: merit-based and need-based scholarships.
Merit-based scholarships are awarded based on a student's achievements, such as high grades, test scores, or exceptional talents in areas like athletics or the arts. The majority of merit-based scholarships don't require any separate application; you'll be considered automatically when you apply for admission. Some colleges, however, may have specific scholarships with separate applications or additional essay requirements. In general, highly competitive schools offer fewer merit-based scholarships, though they may be more generous with need-based financial aid.
Need-based scholarships are awarded based on a student's demonstrated financial need. To be considered for need-based aid, you'll need to fill out the Free Application for Federal Student Aid (FAFSA), and possibly the CSS Profile, depending on the college. This will allow the colleges to assess your financial situation and determine your eligibility for need-based scholarships or grants.
It's also a great idea to search for and apply to outside scholarships, as they can help reduce the cost of college even further. Outside scholarships are offered by various organizations, foundations, or local businesses and can be based on academic achievement, extracurricular involvement, or other criteria such as community service or a specific field of interest. To find outside scholarships, you can use resources like the College Board's scholarship search tool, Scholarships.com, and Fastweb.
When researching schools, be sure to check their financial aid webpages to understand the types of scholarships they offer, the application process, and the deadlines. It's a good idea to focus on both college-based and outside scholarships to maximize your chances of receiving financial support. Good luck in your search!
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