Private Scholarships
These come from businesses, nonprofits, or even individuals, not the government. They’re usually based on achievements, like academics, sports, or community service.
Government Grants
Think of these as need-based scholarships funded by the federal or state government. A common one is the Pell Grant. To qualify, you’ll need to fill out the FAFSA (Free Application for Federal Student Aid).
Institutional Scholarships
Institutional scholarships are offered by the college or university themselves. They can be based on financial need, accomplishments, or both!
Need-Based Scholarships
Need-based scholarships are financial aid awarded to students based on financial need. To be eligible for needs-based scholarships, you are required to fill out the Free Application for Federal Student Aid (FAFSA). Most of the time, you must be enrolled full-time and apply every academic year for this type of aid.
Merit Based Scholarships
Merit based scholarships are awarded to students who have achieved high honors in a certain area. That can include:
- Academic accomplishments
- Artistic talents
- Community involvement
- Athletic talent
Eligibility for merit-based scholarships varies by organization and institution. You can also find scholarships based on:
- Your favorite hobbies
- Your family’s military status
- Other community-based opportunities