Scholarships and grants are often used interchangeably, with government sources sometimes referring to grants as need-based scholarships. Generally, scholarships are awarded based on the student's financial needs. Other public scholarships may include awards based on athletic ability, program-specific awards, state residency, and university-specific awards. Sports scholarships are divided according to the division classification.
Division III athletes do not receive scholarships, but other forms of financial aid may be available. The amount of the award also varies by gender. Unfortunately, many students don't even apply for scholarships due to concerns about their grades, lack of athletic skills, race, or family income. It's National Scholarship Month and now is the time to search for, find and apply for scholarships.
However, many college students and their parents soon discover that getting big scholarships isn't as easy as it seems. Beyond the first year, there are also scholarships designed for transfer students and second, third and final year students. When your child is in high school, you'll likely hear college counselors talk about the wonders of college scholarships, also known as grants. While there are many scholarships aimed at people with particular abilities or specific ethnicities, there are hundreds of other scholarships available.
There are many different types of scholarships available these days and, of course, almost the same number of myths about them. For example, many universities award so-called merit scholarships with their own funding to compete for attractive (if not necessarily excellent) students. State and local governments, private scholarship sources, and universities themselves can also use the FAFSA to determine their awards. In addition, these smaller scholarships are usually paid directly to the student and not to the school itself, allowing them to be used for a wider range of costs.You may have heard stories in the media about first-year college students who won thousands of dollars in scholarships.
The full scholarship is a dream come true for college-going students and their parents, but it's only a reality for a few.