Tag Archives: merit aid

Merit Scholarships from Colleges

As college admissions have become more competitive and the cost of a college education continues to skyrocket, schools are offering more and more merit scholarships to entice top-tier students to attend and increase affordability. Applicants now have access to a wider range of non need-based scholarships, based on talent in academics and other areas.  Each college has its own method of awarding funds, so it is important to research the merit aid process at each school on your college list.

Some colleges, such as Tulane, automatically consider all applicants for merit scholarships. However, other schools, including Washington University in St. Louis and Vanderbilt University,  require applicants to complete a separate merit scholarship application and/or essay. Some institutions have an early cut-off date—such as November 15th in the case of Emory—by which students in contention for merit aid must apply. Finally, there are also colleges like the University of Rochester that offer further merit scholarships to returning students, in addition to any money they were promised as incoming freshmen.

Factors that Determine Merit Aid

Schools determine which candidates will receive merit awards by weighing a variety of factors including grade point average, standardized test scores, and the strength of the student’s high school curriculum. Generally, the better you do in high school, the better your chances of being offered merit aid by colleges. For many students, this is can be the largest source of scholarship funding. In fact, some colleges, including Boston College and Duke award full-tuition merit scholarships to small groups of exceptionally qualified students.

Keep in mind that additional factors related to your character play a role as well, as demonstrated by your extracurricular activities, community service and leadership roles.  Furthermore, the unique institutional priorities of each college influence the nature of their merit scholarships. Colleges often offer special scholarships for students of diverse backgrounds, or with particular academic, athletic, service or career interests.

Automatic Consideration

Some colleges, such as TulaneOberlin, and NYU automatically consider all applicants for merit scholarships. Schools such as Lehigh and USC also offer a wide array of merit scholarship opportunities. Most colleges will consider students for merit aid just based on the application for admission, but some require that students complete the FAFSA or to click “yes” on the Common Application to being considered for merit scholarships at that particular school.

By Application

Some schools require that prospective students take the initiative to apply for merit aid and require the submission of additional essays.  The Premier Scholars Program at Washington University in St. Louis requires a separate application and participation in an all-expenses-paid weekend program for scholarship finalists during March.

At Vanderbilt University, once a student applies for admission, they are emailed within two days to set up their MyAppVU account, which has a scholarship section to be completed by December 1st in order to be considered for all merit scholarships at Vanderbilt.

Schools that Award High Percentages of Merit Aid

The following chart lists a selection of schools that awarded the most merit aid to students who “had no financial need and who were awarded institutional non-need-based scholarship or grant aid” for the 2017-2018 academic year, according to U.S. News & World Report.

School % of Students Receiving Non-Need Based Aid
Franklin W. Olin College of Engineering 53%
Cooper Union 46%
Denison University 41%
Oberlin College 41%
Fairfield University 40%
University of Denver 40%
Tulane University 39%
University of Portland 39%
The New School 38%
Case Western Reserve University 33%
Clark University 33%
St. Michael’s College 33%
Hobart and William Smith Colleges 32%
Muhlenberg College 32%
Drexel University 31%
University of Vermont 31%

 

Benefits Associated with Merit Scholarships

When evaluating different options, keep in mind that merit scholarships can offer more than just monetary rewards. Many, such as UVA’s Jefferson Scholars offer significant enrichment opportunities, such as access to leadership and study abroad programs, and internships with program alumni.

Another example is the Bonner Scholars Program at the University of Richmond, which is tied to a deep commitment to community service. Scholarship recipients intern for 10 hours a week for four years at an organization that aligns with their service goals. Bonner Scholars also participate in on-campus reflective exercises and educational programming.

The Emory Scholars Program offers unique programming, a strong community, early class registration, as well as other benefits.

College is expensive, and there are many paths to finding your “best-fit” as well as maximizing the best deal. For more guidance and information on college-sponsored merit scholarships, contact Collegiate Gateway—we’re always happy to help.

Merit Scholarships: A Beginner’s Guide

There are many need-based financial aid opportunities out there for college students. But for those who don’t qualify–or who don’t qualify for enough–there are a large number of merit-based scholarship options as well.  With perseverance and dedication, some students have been able to finance nearly their entire college education through merit aid!  The question is: how do you find these opportunities?

As always, we’re here to help!

Scholarships from Colleges

Often, students receive merit aid directly from colleges themselves. These usually come in the form of “merit awards,” determined by a variety of factors including your academic performance: grade point average, standardized test scores, and the strength of your high school curriculum. Generally, the better you do in high school, the better your chances of being offered merit aid by colleges. For many students, this is can be the largest source of scholarship funding. In fact, some colleges, including Boston College and Duke award full-tuition merit scholarships to small groups of exceptionally qualified students.

But keep in mind that additional factors related to your character play a role as well, as demonstrated by your extracurricular activities, community service and leadership roles.  Furthermore, the unique institutional priorities of each college influence the nature of their merit scholarships; colleges often offer special scholarships for students of diverse backgrounds, or with particular academic, service or career interests.

Some colleges, such as Tulane, Oberlin, and NYU automatically consider all applicants for merit scholarships.  Other colleges require that prospective students take the initiative to apply for merit aid, and require the submission of additional essays.  For example, the University of Richmond encourages students who have demonstrated strong involvement in community service to apply for the Bonner Scholars Program.  Emory provides the opportunity for entering freshmen to become Emory Scholars. Likewise, Washington University in St. Louis and Vanderbilt University have numerous merit scholarships that students need to actively apply for.

The colleges with the highest percentage of students receiving non-need-based aid range from specialized colleges, such as Olin College of Engineering, School of the Art Institute of Chicago and New England Conservatory of Music, to small liberal arts colleges such as Rhodes College, to medium-sized national research university such as Tulane. Additionally, according to recent data from the New York Times, the colleges with the highest average merit award included Trinity College, with $41,980 average merit aid (95% of the tuition/fees of $44,070) and University of Richmond, with $36,860 average merit aid (85% of $43,170 tuition/fees).

When evaluating different options, however, keep in mind that merit scholarships can offer more than just monetary rewards. Many, such as UVA’s Jefferson Scholars offer significant enrichment opportunities – in this case, access to leadership programs, study abroad, and internships with program alumni. As with any of the college-granted scholarships, the best sources of information on these programs can be found on the college websites themselves.

State-based scholarships

State scholarships are awarded either directly by your college through state-based programs or via local scholarships, and are another very common way to earn merit aid. Resources such as Cappex and Fastweb can help you search for opportunities particular to your state.  For example, let’s focus on New York State.

New York Scholarships: You can get scholarships just by being a resident of the Empire State… and by being a good student. The Scholarship For Academic Excellence, for example, is intended for students who will attend a New York college, and is based on the results of the Regents exam.

Additionally, many scholarships in New York and elsewhere pay particular attention to applicants pursuing certain high demand fields. The NYS STEM Incentive Program, for example, provides a full SUNY or CUNY tuition scholarship for the top 10 percent of students in each New York State high school. Note though, that this scholarship (like many others of its kind) comes with conditions: awarded students must often either remain in the state or work in their particular field, for a certain period of time. In the above example, students must pursue a STEM major and agree to work in a STEM field in New York State for five years after graduation.

Corporate Scholarships

Many of America’s largest and most profitable corporations sponsor high-paying scholarships for high-achieving students. Every year, for example, the Coca-Cola Scholars Foundation awards 250 achievement-based scholarships for students with a minimum GPA of 3.0. The top 50 are designated as National Scholars and receive $20,000 while the remaining 200 are designated as Regional Scholars and receive awards of $10,000.  Likewise, the Discover Scholarship Program offers an average award of $30,000 to 10 students who demonstrate leadership and community service in the face of adversity, and who have a GPA of at least 2.75. Others have more subjective standards, such as the Dr. Pepper Tuition Giveaway, which is based on video submissions, and awards $100,000 dollars to students with creativity and unique personal stories.

In additional, there are a large number of merit scholarship opportunities from private non-profits. For example, you’re probably already familiar with the National Merit Scholarship Program, which awards three types of scholarships based on PSAT/NMSQT scores: National Merit, corporate-sponsored, and college-sponsored. Additionally, the  Ayn Rand Institute is a very well-known foundation that sponsors annual essay contests based on a variety of Rand’s books, awarding generous scholarships to those with the strongest essays.

Online resources such as Cappex and Fastweb are a great way to find all these opportunities, whether they’re offered by states, colleges, corporations, or foundations. They boast impressive and up-to-date databases of well-established scholarships in every subject – from engineering to art – as well as listings of some of the more obscure (see, for example, the Victor Bailliet Scholarship in Sugar Technology).  No matter how esoteric or unique your interests, abilities and background may be, these sites are a terrific way to search for and find scholarship sources.

There are thousands of potential merit scholarships for you beyond what we’ve mentioned here. For more guidance and information, contact Collegiate Gateway.  We’re always happy to help.