5 Difference Between Academic and Merit Scholarships

– Difference Between Academic and Merit Scholarships –

To get a scholarship, you need to know what type suits you. However, knowing the 5 Difference Between Academic and Merit Scholarships is of great essence. This is because the wrong choice of scholarship has denied many the chance of grabbing a scholarship. 

What is the meaning of the Term ‘Scholarship’?

A scholarship is an award of financial aid. Also, it’s for students to further their education. Furthermore, they are awarded based upon various criteria.

And these criteria usually reflect the values and purposes of the donor or founder of the scholarship. Also, scholarship money is not required to be repaid by the student.

What is the Meaning of Academic Scholarship?

These are scholarships awarded to a small percentage of prospective students. And they’re based on the following:

1. High school grade point average (GPA).

2. Furthermore, based on SAT/ACT admissions test scores.

3. Additionally, some are restricted to students who are valedictorians or salutatorians.

4. Also, on high-class rank.

5. Additionally, they’re awarded to those who have demonstrated a high degree of scholastic aptitude and performance.

What is Merit Scholarship?

A merit scholarship is awarded based on a student’s merit. And not based on the need for financial aid. Furthermore, this means that the scholarship committee evaluates an applicant’s performance within a targeted area.

And that the most outstanding applicants in that area will ultimately receive the scholarships. This is regardless of their financial standing.

The merits upon which they awarded some scholarships vary. And this depends on the organisation that is granting them. However, some merit scholarships look at:

1. Overall academic performance.

2. Also, they look at test scores.

3. Additionally, they look at teacher recommendations.

4. While others are based entirely on your performance on a standardized test.

5. Also, others look at your performance and dedication within a certain field of study.

Thus, this scholarship requires excellence in academics. Also, it requires leadership or service.

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Top 5 Difference Between Academic and Merit Scholarships

Below are some differences between academic/merit scholarships:

Merit Scholarships

Merit scholarships are the most highly visible and coveted scholarships. Also, it offers the best opportunities available to college-bound students.

Also, beyond the much-needed financial aid they bring, note. Merit scholarships attach a certain level of prestige.

Also, they attach recognition to any college career.

Additionally, they are awarded on the basis of achievement rather than need.

Furthermore, students must demonstrate an exceptional level of performance. And this is in academics, athletics, or other fields of personal performance.

Also, it’s important to know that no two merit scholarships are entirely alike. Thus, they have different criteria. And this depends on the sponsoring institution.

Also, the field of expertise is considered.

Furthermore, some merit scholarships are decided by university boards. While others are offered by public and private organizations.

Those looking to encourage and reward exceptional students in a particular field of study.

However, despite your field of study or extracurricular activities, being awarded a merit scholarship depends on you and your achievement.

Academic Scholarships

Universities and colleges can directly sponsor these scholarships. Or maybe sponsored by private organizations or business affiliations.

However, some may be subject-specific. While others may be general in intent and criteria.

Also, they’re awarded based on high school GPA. And based on your ACT and SAT scores. Also, based on overall scholastic performance.

Additionally, many academic scholarships also consider class ranking. And any honorary titles or awards you have won. With any community service, you have performed.

Also, typically, the scholarships are awarded to high school graduates. Those heading straight on to college.

Furthermore, these scholarships can run the gamut from full-tuition awards to smaller monetary awards meant to merely supplement your college funds.

Also, in many cases, a student will need to be nominated by their school. Or a teacher in order to be considered eligible.

Also, some academic scholarships are open to all applicants who meet the initial criteria for consideration. Particularly those sponsored by independent organizations or businesses.

Additionally, academic scholarships can have a long-term benefit. This is far beyond the original grant of funds for college. After graduation, as you move into the workforce, these scholarships can help add to an already impressive resume.

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Frequency Asked Questions

There are many FAQs about these scholarships and their difference. However, below are some:

1. What is Academic Scholarships?

Answer:

These are scholarships awarded to a small percentage of prospective students. And they’re based on the following: High school grade point average (GPA).
 
Furthermore, based on SAT/ACT admissions test scores. Additionally, some are restricted to students who are valedictorians or salutatorians.

2. What is a Scholarship?

Answer:

A scholarship is an award of financial aid. Also, it’s for students to further their education. Furthermore, they are awarded based upon various criteria.

Also, these criteria usually reflect the values and purposes of the donor or founder of the scholarship. Also, scholarship money is not required to be repaid by the student.

3. What is a Merit Scholarship?

Answer:

A merit scholarship is a scholarship awarded based on a student’s merit. And not based on the need for financial aid.
 
Furthermore, this means that the scholarship committee evaluates an applicant’s performance within a targeted area.
 
And that the most outstanding applicants in that area will ultimately receive the scholarships. This is regardless of their financial standing.

4. Are there any Similarities Between Academic Scholarships and Merit Scholarships?

Answer:

Yes. They both aim to provide financial help to students.

5. Are Scholarship’s Money to be Repaid?

Answer:

No. Scholarship money is not required to be repaid by the student.
 
The above is some differences between academic and merit scholarships. Now that you’re informed, you can easily know which scholarship to apply for.

Also, you can share this information with others. Feel free to share with your friends. Also, you can share on your social media platforms.

StudentsandScholarship Team.